Consumer credit

Consumer credit is a loan provided for the purchase of consumer goods. Such a loan is taken not only for the purchase of durable goods (furniture, cars, etc.), but also for other purchases (mobile phones, household appliances, food), as well as these funds can be used to pay for contracts in educational institutions, Carrying out of solemn actions, expenses on rest (travel), repair of the house / apartment, etc.

1.“Online Credit” through “MBank Online”

  • Description of the loan: a loan provided online without visiting the Bank and without providing information through the MBank Online service;
  • Consideration period: 15 minutes from the date of application submission;
  • Borrower type: clients who receive salary on a bank card of any bank of the Kyrgyz Republic
  • Loan currency: som;
  • Loan amount: from 5,000 soms to 15,000 soms;
  • Loan term: from 1 to 6 months;
  • Purpose: any consumer purpose;
  • Interest rate: 29.988% * per annum (including sales tax);
  • Payment schedule: annuity (monthly, equal payments);
  • Commission for remote services for online loans: 500 som.

* Effective interest rate from 52.1%.

Instruction Online loan through MBank Online


2. Salary loan

  • Description of the loan: the loan is granted to clients receiving wages / pensions only on the basis of a passport without providing additional documents / certificates (in some cases, additional documents / certificates may be provided)
  • Type of borrower: individuals receiving wages / pensions;
  • Duration of consideration: from 15 minutes from the date of submission of a full package of documents;
  • Loan currency: som;
  • Loan amount: from 5,000 soms to 250,000 soms;
  • Loan term: from 3 to 36 months;
  • Purpose: any consumer goals;
  • Interest rate: from 26% -29.4%
  • Schedule of payments: annuity (monthly equal installments);
  • No commission

* Effective interest rate from 29.8% -34.2%.

 

3."Installment plan"

  • Installment Description: provided for the purchase of goods from the Bank's Partners
  • Type of borrower: individuals receiving wages / pensions; individual entrepreneur working on the basis of a patent or certificate; an individual having a private subsidiary farm;
  • Duration of consideration: from 15 minutes from the date of submission of a full package of documents;
  • Installment currency: som;
  • Installment amount: from 5,000 soms to 250,000 soms;
  • Installment period: from 3 to 18 months;
  • Collateral: purchased goods;
  • Interest rate: interest-free;
  • Schedule of payments: monthly in equal installments;
  • Commission by installments up to 100,000 - 300 soms, from 100,000 - 1% of the amount of installments.

* Effective interest rate from 0.2% -20.5%.

 

4.“Credit per hour”

  • Description of the loan: a loan is provided for the purchase of goods from the Bank's Partners
  • Type of borrower: individuals receiving wages / pensions; individual entrepreneur working on the basis of a patent or certificate; an individual having a private subsidiary farm;
  • Duration of consideration: from 15 minutes from the date of submission of a full package of documents;
  • Loan currency: som;
  • Loan amount: from 5,000 soms to 100,000 soms;
  • Loan term: From 3 to 24 months;
  • Collateral: purchased goods;
  • Interest rate: flexible system of interest rates from 27% -29.4%;
  • Schedule of payments: annuity (monthly equal installments);
  • No commission

 * Effective interest rate from 31.1% -34.2%.

 

5. Unsecured consumer credit (secured) 

  • Description of the loan: a loan is provided for any consumer purpose
  • Type of borrower: individuals receiving wages / pensions; individual entrepreneur working on the basis of a patent or certificate; an individual having a private subsidiary farm;
  • Duration of consideration: from 15 minutes from the date of submission of a full package of documents;
  • Loan currency: som
  • Loan amount: from 2,000 soms to 50,000 soms;
  • Surety: 1 surety is required;
  • Loan term: from 3 to 12 months;
  • Interest rates: 29.4% *;
  • Schedule of payments: annuity (monthly equal installments);
  • No commission

 * Effective interest rate from 34.2%

 

6. Loan secured by movable property 

  • Description of the loan: a loan is provided for any consumer purpose
  • Type of borrower: individuals receiving wages / pensions; individual entrepreneur working on the basis of a patent or certificate; an individual having a private subsidiary farm;
  • Duration of consideration: 2 business days from the date of submission of a full package of documents;
  • Credit currency: som, US dollar, euro;
  • Loan amount: in soms from 2,000 to 100,000, in US dollars / euros from 50 to 2,000;
  • Loan term: from 3 to 24 months;
  • Interest rates: in KGS from 29.4%; under business: in US dollars / euros from 25% -28%
  • Schedule of payments: annuity (monthly equal installments), flexible schedule;
  • Security: movable property, personal property, livestock, vehicles, etc .;
  • No commission.

* If the loan amount is 50,000 soms or more, then 1 guarantor is required

* Effective interest rate: in KGS from 34.2% in US dollars / euros from 28.5% -32.4%

 

7. A loan secured by real estate

  • Description of the loan: a loan is provided for any consumer purpose
  • Type of borrower: individuals receiving wages / pensions; individual entrepreneur working on the basis of a patent or certificate; an individual having a private subsidiary farm
  • Duration of consideration: up to 5 working days from the date of provision of a full package of documents;
  • Currency: som, US dollar, euro;
  • Amount: in soms from 2,000 to 2,500,000; in US dollars / euros from 50 to 50,000;
  • Loan term: from 3 to 60 months;
  • Interest rates: in soms from 25% -29.4%, for business: in Russian rubles from 25% -28%, in US dollars / euros 21% -23%;
  • Schedule of payments: annuity (monthly equal installments), flexible schedule
  • Collateral: real estate;
  • No commission

*Effective interest rate: in soms from 28.5% -34.2%, in Russian rubles from 28.5% -32.4%, in US dollars / euros 23.5% -26%

 

8. Mortgage loan “My house”

  • Description of the loan: a loan is provided for the purchase of residential real estate;
  • Type of borrower: individuals receiving wages / pensions; individual entrepreneur working on the basis of a patent or certificate; an individual having a private subsidiary farm
  • Purpose: acquisition of residential real estate / mortgage loan refinancing in other PKU;
  • Loan currency: KGS
  • Amount: from 400,000 soms;
  • Interest rate: from 22% -24%;
  • Loan term: up to 84 months;
  • Collateral: acquired residential real estate;
  • Prerequisite: down payment - at least 40% of the purchase price. In the absence of a participant’s own contribution, an additional security deposit in the form of real estate is allowed;
  • No commission

  * Effective interest rate from 24.7% -27.2%.

9.Auto Loan

Advantages of car loans

  • Quick review times
  • loan amount - 700 000 som
  • Initial payment - from 20%
  • Loan terms - up to 3 years
  • Low rates on the loan - from 25%
  • Acquired car is the subject of a mortgage

* Effective interest rate from 28.5%

 How to apply for a car loan?

  • Fill in the application online on the website or in the bank branch.
  • Provide documents to the Bank.
  • You get a decision within 2 days
  • Sign the loan agreement with the Bank and get the money



* Dear clients, if you encounter illegal actions or unreasonable requests from the Bank's employees when reviewing applications or issuing loans, we ask you to report such cases to the Bank's Contact Center at 0 312 61-33-33 or WhatsApp +996 770 33-33-69.

All such cases will be considered personally by the Bank's management.

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