Savings mortgage - GIK

Deposit currency:

som

Share of the participant's savings deposit/deposit from the contract amount:

Not less than 30% of the apartment cost

Deposit interest rate:

0% per annum

Accumulation periods:

from 6 months

Initial minimum contribution to the deposit:

10,000 (ten thousand) soms

Deposit accumulation procedure:

The program participant is required to replenish the savings deposit account on a monthly basis, according to the established replenishment schedule.

Early replenishment of the deposit is allowed.
In case of early accumulation of the contribution amount (30%), the total term of the deposit must be valid for at least 6 months.
Additional opportunities for Kyrgyz citizens working abroad:

It is possible to open a deposit by proxy or via Mobile Internet banking/other banking services (if available)

Additional conditions for the deposit:

After fulfilling all the conditions for accumulating the established deposit amount, the program participant is sent an up-to-date list of documents for collection and submission of an application to the Bank to receive a loan.
Having collected the necessary list of documents, the program participant must personally appear at OJSC GIK (in the Kyrgyz Republic) to conclude an agreement (preliminary) on shared construction of a real estate object (contribution 30% + 20%) with OJSC GIK and to the Bank to issue a loan.
If the program participant for any reason refuses to participate in the project during the period of accumulation of the initial contribution, the savings deposit agreement is terminated upon application with a refund of funds.