Mortgages: current rates in 2026

38 programmes in 13 banks and SMC, rates from 4% p.a. Compare terms, calculate your instalment and apply online.

Purpose

For whom

Loan amount: 4,800,000 KGS

SMC (State Mortgage Company)

Menin Uyum — for teachers and doctors

4.3
APR
5.3%
Rate
5%
Up to
5 M KGS
Down payment from
10%
Term up to
25 yrs
Instalment
37,958 KGS
SMC state programmeTeachersDoctorsPublic sector

KICB

State mortgage (SMC partner)

4.8
APR
8.5%
Rate
8%
Up to
6 M KGS
Down payment from
10%
Term up to
25 yrs
Instalment
45,871 KGS
Public sector

Eldik Bank

Menin Uyum state mortgage

4.3
APR
8.6%
Rate
8%
Up to
6 M KGS
Down payment from
10%
Term up to
25 yrs
Instalment
45,871 KGS
Public sector

Aiyl Bank

Menin Uyum state mortgage

4.4
APR
8.7%
Rate
8%
Up to
6 M KGS
Down payment from
10%
Term up to
25 yrs
Instalment
45,871 KGS
Public sectorRegions

Optima Bank

Mortgage for payroll clients

4.7
APR
15.5%
Rate
14.9%
Up to
12 M KGS
Down payment from
15%
Term up to
20 yrs
Instalment
66,852 KGS
Payroll clientsOnline application

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

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

EcoIslamicBank

Ijara — new build

4.3
APR
16.6%
Rate
16%
Up to
10 M KGS
Down payment from
20%
Term up to
15 yrs
Instalment
70,498 KGS
Sharia-compliant

Halyk Bank Kyrgyzstan

Secondary housing

4.5
APR
18.6%
Rate
17.9%
Up to
10 M KGS
Down payment from
20%
Term up to
15 yrs
Instalment
76,955 KGS
Payroll clients

Mortgage programme comparison

Loan of KGS 5,000,000, 20% down, 15 years, annuity payments

BankProgrammeAPRRateMonthly instalmentOverpayment
SMC (State Mortgage Company)Menin Uyum — for teachers and doctors5.3%5%39,540 KGS2,117,143 KGS
KICBState mortgage (SMC partner)8.5%8%47,783 KGS3,600,869 KGS
Eldik BankMenin Uyum state mortgage8.6%8%47,783 KGS3,600,869 KGS
Aiyl BankMenin Uyum state mortgage8.7%8%47,783 KGS3,600,869 KGS
Optima BankMortgage for payroll clients15.5%14.9%69,637 KGS7,534,698 KGS
MBankNew build online15.8%15%69,979 KGS7,596,284 KGS
Bakai BankNew build16.6%15.9%73,087 KGS8,155,611 KGS
EcoIslamicBankIjara — new build16.6%16%73,435 KGS8,218,307 KGS
Halyk Bank KyrgyzstanSecondary housing18.6%17.9%80,162 KGS9,429,083 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.

What you need to know about mortgages

A mortgage is a home-purchase loan where the property itself serves as collateral until full repayment. You live in the flat, but cannot sell or gift it without the bank's consent. In Kyrgyzstan mortgages are issued by NBKR-licensed banks and the State Mortgage Company (SMC).

Annuity vs differentiated payments

Example: KGS 3,000,000 loan for 10 years at 16% p.a.

ParameterAnnuityDifferentiated
First instalment50,254 KGS65,000 KGS
Last instalment50,254 KGS25,333 KGS
Overpayment over the term3,030,472 KGS2,420,000 KGS
Total paid6,030,472 KGS5,420,000 KGS

Annuity is easier to plan; differentiated is cheaper for the same term. Most Kyrgyz banks issue annuity loans; SMC, Aiyl Bank and KICB offer differentiated.

How to get a mortgage in 2026

  1. 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. 2

    Apply

    Fill in the form on FinMarketKG — a preliminary bank decision in 1–3 days without visiting a branch.

  3. 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. 4

    Sign and register

    Agreement at the notary, pledge registration at Gosregister in 3–5 days — and the bank pays the seller.

Eligibility

Subsidised mortgage programmes in Kyrgyzstan

SMC and partner bank programmes, 2026

ProgrammeRateWhoDown paymentTermUp to
SMC Menin Uyum — public sector6–8%Employees of state bodies and public institutions with 3+ years of service10%up to 25 years6 M KGS
Social mortgage4%Large families, persons with disabilities, low-income families5%up to 25 years4 M KGS
For teachers and doctors5%Teachers and medical staff of public institutions10%up to 25 years5 M KGS
Young family8%Spouses under 35, first home10%up to 20 years5.5 M KGS
For military personnel6%Military, police, security and emergency staff with 5+ years of service10%up to 25 years6 M KGS
Regional mortgage6%Housing purchase outside Bishkek and Osh10%up to 25 years5 M KGS

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Customer reviews

Read all reviews

Bakai Bank

Mortgage without stress

Bought a flat in a new build in microdistrict 7. Bakai gave 15.9% for 15 years with 20% down. The FinMarketKG manager told us which documents to prepare.

Нурлан А., Кара-Балта · August 19, 2026

Eldik Bank

State mortgage for a teacher

As a teacher I joined the Menin Uyum programme via Eldik Bank: 8% for 20 years. Waited 2 months for SMC approval, but it was worth it.

Чолпон Д., Токмок · July 8, 2026

Eldik Bank

State mortgage via Eldik

Took an SMC mortgage at 8% for a new-build flat. Eldik is the agent bank; paperwork took 3 weeks but it was approved. Payment KGS 24,000 over 15 years.

Гульмира А., Джалал-Абад · July 30, 2026

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