Short-term loans from banks in Kyrgyzstan remain the most expensive

The weighted average interest rates on commercial bank loans in the national currency in 2025 vary significantly depending on the loan term. Short-term loans with terms of between 6 and 12 months remain the most expensive for borrowers.

According to the data, the average rate on such loans stood at 21.5 per cent, which is virtually the same as last year’s level (21.3 per cent). The highest rates were recorded for loans in the telecommunications sector – 26.3 per cent, raw materials and processing – 25 per cent, consumer loans – 22.5 per cent, and construction – 22.2 per cent.

For loans with terms of between one and three years, the average interest rate rose from 20.8% to 21.4%. In this segment, the highest rates were observed for consumer loans (22.8%), construction (21.4%) and mortgages (21.2%).

For long-term loans with a maturity of over three years, the average rate remained at 17.9%. The most expensive loans continue to be those in the telecommunications sector (21.0%) and consumer loans (19.6%).

At the same time, borrowing costs fell in certain sectors in 2025. For example, rates on short-term loans for agriculture fell from 23.4% to 20.8%, for transport from 24.2% to 20.6%, and for construction from 25.2% to 22.2%. For mortgage loans with terms of 6 to 12 months, the rate fell from 20.3% to 17.4%.

Despite the fall in rates in a number of sectors, the cost of bank loans in Kyrgyzstan remains high, particularly for short-term financing.