| Target Group |
Employed individuals |
| Lending currency |
Kyrgyzstan Soms |
| Requirements for the borrower |
A potential borrower must:
- Be a resident of the Kyrgyz Republic;
- Have a stable, verified income
- Continuous work experience for at least the last 6 months in the last job before applying for a loan
|
| Purpose |
For any consumer purposes that do not contradict the Company's Credit Policy |
| Loan amount |
from 100,000 to 1,000,000 soms |
| Loan interest rate |
- from 100,000 soms to 500,000 soms - 24%;
- from 500,001 soms to 1,000,000 soms - 22%.
|
| Annual effective interest rate |
from 24.36% |
| Lower Interest Rate |
It is allowed to reduce the interest rate by 1-2 points by the decision of the Credit Committee |
| Lending term provided |
- from 100,000 soms to 500,000 soms - from 3 to 36 months;
- from 500,001 soms to 1,000,000 soms - up to 60 months.
|
| Loan repayment terms |
On a monthly basis:
- annuity payments;
- differentiated graph.
|
| Loan early repayment |
Early repayment of the loan is allowed without penalty |
| Collateral |
Type of collateral |
Percentage collateral |
| KGS 100,000 – 500,000 |
Movable property (vehicles) and/or real estate (residential and non-residential premises, land plots, etc.) |
At least 130% |
| KGS 500,001 – 1,000,000 |
Real estate (residential and non-residential premises, land plots, etc.)
Movable property (vehicles) and/or real estate
|
At least 130% |
|
Mandatory compliance with the Company's Collateral Policy and collateral coverage of at least 130% of the loan amount |
| Design review |
The following project reviews are provided:
KGS 100,000:
- Check in CIB;
- Financial analysis.
from 100,001 soms to 1,000,000 soms:
- Check in CIB;
- Financial analysis;
- Collateral analysis (for real estate, vehicles and equipment);
- Legal analysis
|
| Constraints |
The recommended installment coverage ratio (the ratio of the balance of net profit after payment of the loan installment to the net profit in the income statement) should be at least 20%
The terms of the credit limit in exceptional cases may be changed (in such cases, the decision is made individually at the discretion of the Credit Committee)
|
| List of required documents |
For an individual:
- Copies of identity documents (passport) of the Borrower/Pledgor/Guarantor and spouses;
- Certificate of the Borrower's salary for the last 6 months;
- Other documents that are necessary, including for assessing the solvency of the borrower (contracts, agreements, etc.)
- Notarized consent of the spouse of the borrower to receive a loan or a statement of marital status.
For collateral, when pledging real estate:
- Originals of title documents for collateral;
- Technical passport (inventory file);
- Certificate from the authorized state body on the absence of a prohibition on the alienation of the property offered as a pledge;
- Certificate from the authorized state bodies about the tenants registered at the time of privatization (in case of a privatized apartment/residential building);
- Notarized consent of the pledgor's spouse to a bond or statement of marital status.
For collateral, in case of pledge of movable property:
- For a vehicle offered as a pledge, a document is a technical passport issued by an authorized state body, issued to the pledger;
- Certificate from the authorized state body on the absence of a prohibition on the alienation of the property offered as a pledge;
- Consent of the pledgor's spouse to a bond or statement of marital status without notarization.
|
