Currently, the GIK program operates three directions for mortgage loans
As reported by the Deputy Chairperson of the State Mortgage Company, Asylgul Sydykova, on the air of "Ala-Too 24", monthly payments for mortgage loans under the GIK program reach 60-70 thousand soms.
She noted that there are currently three directions for mortgage lending available:
- "Social Mortgage," which can include people with disabilities, widows, and widowers, as well as individuals living with HIV;
- "Preferential Mortgage" for budget sector employees;
- "Affordable Mortgage," aimed at employees of private companies.
Regarding the conditions for social and preferential mortgages, housing is provided without a down payment at an annual interest rate of 4%. At the same time, under the "Affordable Mortgage," no down payment is required, but the interest rate is 8%.
Additionally, as clarified by the Deputy Chairperson of GIK, the program includes a "Shared Construction" mechanism, which does not imply a waiting list. In this case, citizens must make a 50% down payment, and the remaining amount can be obtained for 15 years at 8% after moving in.
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