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🇰🇬 Kyrgyzstan /Economy & Trade

ABank Launches Preferential Mortgage for Women Up to 7 Million Som

From 24.kg · () Russian

Translated from Russian, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • ABank has partnered with the State Mortgage Company (SMC) to launch a preferential mortgage program called "Mortgage for Women."
  • The program, supported by the Asian Development Bank, aims to expand access to energy-efficient housing for women, offering loans up to 7 million Kyrgyz soms.
  • Eligible women can purchase apartments or private homes with loan terms up to 25 years, initial payments starting at 10%, and interest rates as low as 9.75% annually.

ABank, in collaboration with the State Mortgage Company (SMC), has launched a new initiative to enhance access to energy-efficient housing through a preferential mortgage program titled "Mortgage for Women."

This program is part of a larger effort supported by the Asian Development Bank (ADB) under the "Improving Housing Finance for Affordable and Energy-Efficient Housing" project. The overall project has a funding volume of $65 million USD, with the "Mortgage for Women" component specifically designed to make housing finance more accessible for women and improve their living conditions.

Under the program, adult women citizens of the Kyrgyz Republic can secure loans of up to 7 million Kyrgyz soms for purchasing apartments or private homes. Key terms include a loan duration of up to 25 years, a minimum down payment of 10%, and annual interest rates starting from 9.75% in regional areas and 10.75% in Bishkek and Osh. The maximum area for apartments is 100 square meters, and for private houses, it is 200 square meters.

ABank continues to expand long-term mortgage accessibility for its clients and actively participates in state and international projects focused on developing affordable housing. Further details on the program's conditions are available on ABank's official website.

DistantNews Editorial

Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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