Special offer for home purchase and construction
from 15.5% per annum in KGS
Interest rate from 15.5% per annum
Loan amount up to 12.75 million KGS
Loan term up to 10 years
Down payment from 20% of the property value
Who is Eligible for an O!Bank Mortgage?
An O!Bank mortgage can be used to purchase an apartment or a house; build a home from scratch; complete the construction of a residential property; finance major home renovations; or purchase a land plot for residential construction. Applications are accepted from nationals of the Kyrgyz Republic as well as foreign residents. Eligible applicants include salaried employees with documented income, individual entrepreneurs, and customers who can provide suitable collateral. The minimum down payment is 20% of the property value. A special offer is available until December 31, 2026: the interest rate is reduced for the first two years and depends on the down payment amount. With a down payment of 50% or more and payment through the bank’s partners: 15.5% per annum in the first year; 17.5% per annum in the second year; 20.5% per annum from the third year onward.
| Down payment | Year 1 | Year 2 | Years 3-10 |
|---|---|---|---|
| 20–29.99% | 17.5% | 19.5% | 20.5% |
| 30–49.99% | 16.5% | 18.5% | 20.5% |
| from 50% | 15.5%* | 17.5%* | 20.5% |
*For O!Bank customers making payments at the bank’s partner merchants. If the promotion conditions are not met, the rate is 16.5% in Year 1 and 18.5% in Year 2
Get an interest rate of 15.5% Apply before 31.12.2026
Promotion terms
The 15.5% rate for the first year is available to O!Bank customers who have an O!Bank card or current account. Two conditions must be met:
- down payment: at least 50% of the property value;
- at least 3 payments of 300 KGS or more at the bank’s partner merchants during the 3 months preceding the application.
Partners
Telecom and internet: O!, Saima Telecom; Supermarkets: Globus, Narodnyi, Spar, Dostor.
The bank will verify that the conditions have been met during the application review and will specify the applicable interest rate in the agreement. The promotion is valid until December 31, 2026.
Full promotion terms are available at the linkMortgage loan calculator
EPAR from 16.70% in KGS. Preliminary estimates subject to promotion terms and conditions: 15.5% for year 1, 17.5% for year 2. Not a public offer.
Monthly payment
174 642,62 c
Total amount
6 287 134,04 c
Loan term
36 mth
What can a mortgage be used for?
- Purchasing an apartment or house
- Building a house
- Completing construction
- Major home renovations
- Purchasing a plot of land for construction
The promotion is valid until December 31, 2026. EPAR: from 16.70% in KGS The bank may request additional documents depending on the applicant’s type of business activity.
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Payroll loan
Amountup to 500,000 KGSTerm3 to 48 monthsRate19% / EPAR from 20.75%
FAQ
What additional documents may be required?
- The applicant’s passport and the spouse’s passport, if the applicant is married;
- Marriage certificate or divorce certificate, if applicable;
-
Documents confirming income:
- for employees: a salary certificate for the last 6–12 months, signed and stamped by the employer, or a bank statement showing regular incoming payments for the last 6–12 months;
- for individual entrepreneurs: a patent and/or individual entrepreneur registration certificate, business-related agreements or contracts, a certificate from the place of business, and a current account statement showing incoming payments, if an account is available;
- Documents for the property being purchased: a sale and purchase agreement or certificate of ownership, a technical passport, and a certificate of state registration of ownership. For construction or renovation of a property: documents for the land plot and a cost estimate;
- Documents confirming a down payment of 20% of the value of the property being purchased, or documents for additional collateral.
What if part of my income is unofficial?
The bank takes into account only verified income: official salary, regular incoming payments shown on a bank statement, income from individual entrepreneurial activity, pension payments, and verified additional income (for example, rental income confirmed by an agreement or bank statement).
Unverified income is not taken into account when calculating the loan amount.
Prepare documents in advance confirming the regularity of your income and incoming payments.
Can my spouse’s income be taken into account?
Yes. To have the spouse’s income taken into account, the spouse acts as a guarantor for the loan. The bank obtains the spouse’s consent to act as a guarantor and also checks the spouse’s credit history.
Can I get a mortgage for a property without providing the full set of required documents?
No. The property being purchased and the property provided as collateral must have documents confirming ownership and state registration of ownership.
Unauthorized structures, unregistered real estate, and properties without confirmed ownership rights are generally not accepted as collateral.
The bank makes the final decision regarding the property.
In what currency is the mortgage issued?
Mortgages for individuals are issued only in Kyrgyz soms. Loans for purchasing real property in foreign currency are not issued in accordance with the Law of the Kyrgyz Republic “On Consumer Loans” No. 237 dated October 28, 2025, and the requirements of the National Bank of the Kyrgyz Republic.
Is a property appraisal required, and who pays for it?
The bank independently appraises the property for each application. There is no need to hire or pay for an independent appraiser separately. For properties valued at up to 4,250,000 soms, the appraisal is carried out by a branch employee. For properties valued above 4,250,000 soms, the appraisal is carried out by an employee of the bank’s specialized department.
Does the property need to be insured?
It depends on the loan amount:
- over 4,250,000 soms: property insurance is mandatory under the bank’s terms and for the entire loan term;
- up to 4,250,000 soms: the bank decides individually whether additional insurance is required. As a rule, mandatory state housing insurance is sufficient, and separate insurance under the bank’s terms is not required.
In Kyrgyzstan, mandatory housing insurance against fire and natural disasters is in effect. It is arranged when ownership of the property is registered. If you do not have such insurance, it will be arranged when the mortgage is registered.
Can I repay the mortgage early?
Yes. You can repay the mortgage in full or in part ahead of schedule without a fee. A fee may only be charged for certain changes to the loan terms, such as changing the payment date or repayment method, in accordance with the bank’s current fee schedule.
What can I do with the property while it is pledged as collateral?
You can live in the mortgaged property. However, until the loan is fully repaid, transactions involving the property (sale, gift, remodeling, and in some cases, renting it out) and removal of the encumbrance require the bank’s consent. Specific restrictions are set out in the agreement.