Smartphone-secured loan
Interest rate: 24.99%
15,000 – 200,000 KGS
Loan amount depends on your device24.99% per annum
19% for payroll project participants3 – 24 months
Flexible repayment scheduleCollateral without giving up your phone
Your smartphone stays with you — the bank does not take possession of it. The collateral serves as legal security for the loan and does not involve confiscation of the device. Only the smartphone model and IMEI number are specified in the agreement
Who is eligible
The offer is displayed automatically if:
- You are an O! mobile operator subscriber
- Your smartphone has passed verification and is included in the list of eligible devices
What you need to apply
- Passport of a citizen of the Kyrgyz Republic
- Active O! mobile number
- A smartphone from the list of supported devices
- The My O! app installed on your smartphone
- Consent to share your IMEI data through the mobile operator (requested during the application process)
Cooling-off period
Effective December 14, 2024, a cooling-off period for online loans is introduced in accordance with the requirements of the National Bank of the Kyrgyz Republic.
How does it work?
After your loan application is approved, funds will be credited within:
15,000to 50,000 KGS
30 minutes50,001to 100,000 KGS
4 hours100,001to 200,000 KGS
12 hoursFor loans exceeding 100,000 KGS, confirmation via a verification phone call is required.
Intended use of funds
Once approved, loan funds can be used without commission fees to purchase goods and services via QR payments and to pay for services through the My O! app.
Non-intended use of funds
A commission fee of 1.95% of the transaction amount applies to:
- Transfers to individuals (bank accounts, cards, wallets, phone numbers, and QR codes)
- Mobile operator top-ups
- Repayment of loans and installment plans issued by other banks and financial institutions
- Other expenditures
Accident insurance
The insurance cost depends on the loan disbursement method and loan term.
Accident insurance is available for the Express Online loan and Payroll Loan products.
Self-imposed loan restriction
Starting November 1, 2025, a law on self-imposed loan restrictions came into force in Kyrgyzstan.
A self-imposed restriction is a voluntary limitation that prevents loans from being issued in your name, including loans you apply for yourself.
FAQ
Will the bank take my phone until the loan is repaid?
No, your smartphone stays with you. The collateral serves as legal security for the loan, not confiscation of the device. Only the smartphone model and IMEI number are specified in the agreement.
How is a smartphone-secured loan different from a standard Express Online loan?
A smartphone-secured loan offers a reduced rate of 24.99% per annum (19% for payroll project participants), while the standard Express Online loan has different terms. Your device stays with you, and only its model and IMEI number are recorded in the agreement.
How does the bank obtain my device's IMEI number?
When applying, you consent to share your IMEI data through your mobile operator. The data is transmitted automatically — there is no need to enter the IMEI manually.
Can I sell or replace my smartphone before the loan is fully repaid?
While the collateral agreement is active, the device should remain in your possession. Please contact O!Bank before selling or replacing your smartphone to clarify the terms.
What happens if my phone is damaged or lost?
Your loan obligations remain in effect regardless of the condition of the device. If your phone is damaged or lost, we recommend contacting O!Bank as soon as possible for guidance on next steps.
Why am I not seeing the 24.99% collateralized loan offer?
The offer is displayed automatically if you are an O! mobile operator subscriber and your smartphone has passed verification against the list of supported devices. If these conditions are not met, the collateralized offer will not appear.
My IMEI was identified incorrectly. What should I do?
If your IMEI information is displayed incorrectly, please contact any O!Bank branch or the support team in the My O! app to verify and correct the data.