KICB
Refinancing
4.8- APR
- 16.1%
- Rate
- 15.5%
- Up to
- 15 M KGS
- Down payment from
- 0%
- Term up to
- 25 yrs
- Instalment
- 68,832 KGS
Mortgage refinancing in 2026
4 programmes in 4 banks, rates from 15.5%. Lower your current instalment or convert a dollar loan into soms.
For whom
Loan amount: 4,800,000 KGS
Optima Bank
Mortgage refinancing
4.7- APR
- 16.5%
- Rate
- 15.9%
- Up to
- 12 M KGS
- Down payment from
- 0%
- Term up to
- 20 yrs
- Instalment
- 70,163 KGS
MBank
Refinancing
4.7- APR
- 16.9%
- Rate
- 16.2%
- Up to
- 12 M KGS
- Down payment from
- 0%
- Term up to
- 20 yrs
- Instalment
- 71,168 KGS
Bakai Bank
Refinancing
4.7- APR
- 17.2%
- Rate
- 16.5%
- Up to
- 10 M KGS
- Down payment from
- 0%
- Term up to
- 15 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 | Refinancing | 16.1% | 15.5% | 71,700 KGS | 7,905,913 KGS |
| Optima Bank | Mortgage refinancing | 16.5% | 15.9% | 73,087 KGS | 8,155,611 KGS |
| MBank | Refinancing | 16.9% | 16.2% | 74,133 KGS | 8,344,019 KGS |
| Bakai Bank | Refinancing | 17.2% | 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
If the new rate is at least 2 pp lower than the current one and more than 5 years remain. Factor in the costs: new appraisal, insurance, pledge re-registration — about 1.5% of the amount.
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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