Mortgage for home purchase and construction

• 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.

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.

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.

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.

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.

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.

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.

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.

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.