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🇰🇬 Kyrgyzstan /Economy & Trade

Choose Your Own Interest Rate for Online Loans – A First in Kyrgyzstan

From 24.kg · () Russian

Translated from Russian, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • DemirBank in Kyrgyzstan has launched a new promotion allowing customers to choose their own interest rates for online loans.
  • Customers can select rates between 0% and 19.99% via the mobile app, with applications reviewed daily.
  • The promotion runs from August 3rd to October 31st, 2026, offering a new level of flexibility in online lending.

DemirBank has introduced a groundbreaking online loan feature in Kyrgyzstan, empowering customers to personally select their preferred interest rates. This innovative promotion, titled "Choose Your Own Interest Rate," allows users to set their desired rate within the mobile application.

Customers can choose a rate anywhere from 0% to 19.99%, with increments of 0.5%. Until 6:00 PM daily, users can adjust their selected rate. All applications submitted within the promotion period are automatically considered for review by the bank each day, processed in descending order of the chosen interest rate until the daily loan disbursement limit of 2 million Kyrgyz soms is reached.

Successful applicants whose chosen rates are approved will receive a push notification and have 24 hours to finalize the loan. If a customer's chosen rate falls outside the daily limit, the bank may offer the loan at a rate one percentage point lower than the standard rate. This initiative, running until October 31st, 2026, aims to enhance customer choice and convenience in online lending.

Choose Your Own Interest Rate is a new format for online loan applications in Kyrgyzstan, expanding choice and making interaction with the App even more convenient.

— DemirBankThe bank described the significance of the new promotion.
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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