4% mortgage without down payment available for Kyrgyz citizens, President Sadyr Japarov explains

During a meeting with residents of Kara-Balta, Jайыл, and Panfilov districts on November 8, President Sadyr Japarov detailed the conditions of the state mortgage program. The announcement addresses the housing needs of various social groups, including single mothers and people with disabilities.

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1. New 4% state mortgage conditions
2. Kyrgyz citizens can now access housing through a state program with no required down payment.
3. 4 % — annual interest rate
4. 25 years — maximum mortgage term
5. «Single mothers, submit your applications to the State Mortgage Company!» — Sadyr Japarov

New mortgage conditions and terms

The President clarified that the current state program has evolved to remove the financial barrier of an upfront payment. Previously, borrowers were required to pay 30 percent of the property value initially, but the new terms allow for immediate occupancy with monthly payments.

Ранее по темеPresident orders plots to be left to bona fide buyers if no social facilities are present→

For those who possess significant savings, a separate program is available. Citizens capable of paying 50 percent of the property cost upfront can utilize different terms. However, for the general program, the President emphasized that no initial deposit is required.

Context

The discussion arose following concerns raised by Indira Alymbayeva, a representative of a public association, regarding housing accessibility for vulnerable populations. The meeting took place in regions including Jайыл district, which has a population of approximately 92,645 according to 2009 data.