Preferential Financing for Preschool Education from Eldik Bank

Purpose of the loan: Construction, major renovation, reconstruction, as well as the purchase and modernization of fixed assets for preschool educational institutions.

Loan Terms:

- Interest rate – 10% per annum (APR – 10.4549%)

- Loan term – up to 60 months (up to 36 months for the purchase and modernization of fixed assets with a loan amount of up to KGS 10 million)

- Loan amount – up to KGS 70 million

- Grace period – up to 6 months

Collateral Requirements:

- Real estate;

- A land plot owned by the borrower;

- If the pledged collateral is insufficient, other real estate or movable property may be accepted as collateral;

- A guarantee from OJSC Guarantee Fund may also be used for up to 50% of the loan amount, subject to the Fund’s terms and conditions.