52 families received housing with mortgages without a down payment

The Guarantee Fund under the Kelechek mortgage programme issued 52 guarantees totalling over 61.6 million KGS. This enabled citizens to obtain housing loans worth 237.6 million KGS.

In October alone, 27 guarantees were issued for 31.5 million KGS, providing access to mortgage financing of almost 122.3 million KGS.

Thanks to the guarantee support, dozens of families have already been able to purchase their own homes and improve their living conditions.

The main conditions of the ‘Kelech’ product are as follows:

• continuous employment or entrepreneurial activity for at least 12 months;
• mortgage loan amount of up to 10 million KGS;
• guarantee security of up to 30% of the cost of the home;
• commission of 2% of the guarantee amount.

You can apply for a mortgage guarantee at five partner banks: OJSC ‘Ayil Bank’, OJSC ‘Eldik Bank’, OJSC “MBank”, OJSC ‘Dos-Kredobank’ and CJSC ‘Commercial Bank KSB’.

As a reminder, the ‘Kelech’ mortgage product was launched by the Guarantee Fund in May this year. It is intended for those who find it difficult to save up for a down payment.