KICB
New build
4.8- APR
- 15.6%
- Rate
- 14.9%
- Up to
- 15 M KGS
- Down payment from
- 20%
- Term up to
- 25 yrs
- Instalment
- 66,852 KGS
Online application
New-build mortgages in 2026
9 programmes in 9 banks, rates from 14.9%. Partner terms from banks and developers in Bishkek and Osh.
For whom
Loan amount: 4,800,000 KGS
MBank
New build online
4.7- APR
- 15.8%
- Rate
- 15%
- Up to
- 12 M KGS
- Down payment from
- 20%
- Term up to
- 20 yrs
- Instalment
- 67,180 KGS
Online application
Optima Bank
New build
4.7- APR
- 16.2%
- Rate
- 15.5%
- Up to
- 15 M KGS
- Down payment from
- 20%
- Term up to
- 20 yrs
- Instalment
- 68,832 KGS
Online application
Bakai Bank
New build
4.7- APR
- 16.6%
- Rate
- 15.9%
- Up to
- 10 M KGS
- Down payment from
- 20%
- Term up to
- 15 yrs
- Instalment
- 70,163 KGS
Aiyl Bank
New build
4.4- APR
- 17.3%
- Rate
- 16.5%
- Up to
- 8 M KGS
- Down payment from
- 20%
- Term up to
- 20 yrs
- Instalment
- 72,178 KGS
Mortgage programme comparison
Loan of KGS 5,000,000, 20% down, 15 years, annuity payments
| Bank | Programme | APR | Rate | Monthly instalment | Overpayment |
|---|---|---|---|---|---|
| KICB | New build | 15.6% | 14.9% | 69,637 KGS | 7,534,698 KGS |
| MBank | New build online | 15.8% | 15% | 69,979 KGS | 7,596,284 KGS |
| Optima Bank | New build | 16.2% | 15.5% | 71,700 KGS | 7,905,913 KGS |
| Bakai Bank | New build | 16.6% | 15.9% | 73,087 KGS | 8,155,611 KGS |
| Aiyl Bank | New build | 17.3% | 16.5% | 75,185 KGS | 8,533,377 KGS |
АЖ
Expert opinion
Aigul Zhumabekova · Head of Mortgages, FinMarketKG
Don't forget the tax deduction: the Kyrgyz Tax Code lets you reclaim income tax on mortgage interest — up to KGS 230,000 a year. Ask your bank for a certificate of interest paid and file a return via the taxpayer cabinet. On a KGS 45,000 monthly instalment that saves up to KGS 23,000 every year. And before visiting a bank, check your eligibility for Menin Uyum: the difference between 8% and 16% over 20 years is almost double the overpayment.
Frequently asked questions
Rates are 1–1.5 pp lower thanks to bank-developer partnership programmes. Until the building is commissioned the collateral is the claim under the equity agreement, afterwards the flat itself. The developer must be accredited by the bank.
How to get a mortgage in 2026
- 1
Choose a programme
Compare rate, APR and down payment. Check eligibility for the SMC state programme — it saves up to half the overpayment.
- 2
Apply
Fill in the form on FinMarketKG — a preliminary bank decision in 1–3 days without visiting a branch.
- 3
Find a home
You have 60–90 days to search. Order an appraisal from an accredited valuer and collect the seller's documents.
- 4
Sign and register
Agreement at the notary, pledge registration at Gosregister in 3–5 days — and the bank pays the seller.
Eligibility
- Kyrgyz citizenship, age 21+; no older than 65–70 at maturity
- Official income: employer certificate or Social Fund statement via Tunduk, 6+ months at the current job
- Payments on all loans no more than 50% of total family income (co-borrower — spouse or relative)
- Down payment from 5–10% under SMC programmes and from 20–30% at banks
- Positive credit history at the Ishenim bureau — no delinquencies over 30 days in the last 2 years
- Home insurance is mandatory; life and title insurance are optional and lower the rate by 0.5–1 pp
Subsidised mortgage programmes in Kyrgyzstan
SMC and partner bank programmes, 2026
| Programme | Rate | Who | Down payment | Term | Up to |
|---|---|---|---|---|---|
| SMC Menin Uyum — public sector | 6–8% | Employees of state bodies and public institutions with 3+ years of service | 10% | up to 25 years | 6 M KGS |
| Social mortgage | 4% | Large families, persons with disabilities, low-income families | 5% | up to 25 years | 4 M KGS |
| For teachers and doctors | 5% | Teachers and medical staff of public institutions | 10% | up to 25 years | 5 M KGS |
| Young family | 8% | Spouses under 35, first home | 10% | up to 20 years | 5.5 M KGS |
| For military personnel | 6% | Military, police, security and emergency staff with 5+ years of service | 10% | up to 25 years | 6 M KGS |
| Regional mortgage | 6% | Housing purchase outside Bishkek and Osh | 10% | up to 25 years | 5 M KGS |
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