A consumer loan is a loan provided for the purchase of consumer goods. Such loan is taken not only to buy durable goods (furniture, cars, etc.) but also for other purchases (cell phones, home appliances, food products), as well as these proceeds can be used to pay for contracts in educational institutions, celebrations, expenses for holidays (travel), home/apartment repairs, etc.
The requirements for the borrower are simple:
- A borrower must have citizenship of the Kyrgyz Republic;
- A borrower must be at the age of 18 – 70 including (For customers purchasing an insurance policy, the age limit is 73 years inclusive);
- A borrower must have a positive credit score where the potential customer:
The list of documents is minimal:
- Copy of client’s passports, his spouse/her husband, and guarantors (if nessesary);
- Copy of the passport of the pledger and his spouse/her husband (in case of the secured loan);
- Documents concerning the borrower’s marital status;
- Other necessary documents on the customer’s business
Financing conditions:
- Currency: KGS
- Repayment schedule: annuity
When obtaining a loan with insurance, interest rates are reduced according to the table.
The client has the right to make early full early repayment:
– without paying fines;
– at any time during the term of the Loan Agreement;
– without prior notice to the Company;
– at any office of the Company and / or using any available payment instruments.
The client has the right to make partial early repayment of the loan ahead of schedule:
– without paying fines;
– at any time during the term of the Loan Agreement after a written notice of partial early repayment;
– at any office of the Company and / or using any available payment instruments.
Unsecured lending
| Amount | Term | Interest rate | Security |
|---|---|---|---|
| from 10,000
to 500,000 (inclusive) |
from 1 to 18 months (up to 150,000 soms)
from 1 to 24 months (from 150,001 to 300,000 soms) from 1 to 36 months (from 300,001 to 500,000 som) |
10,000 – 500,000 soms — 33% (with insurance 32%) |
Up to 300,000 soms (incl.) – without a guarantor
Over 300,000 soms -1 guarantor
|
Secured lending
| Amount | Term | Interest rate | Security |
|---|---|---|---|
| from 300,000 to 1 000 000 soms | from 6 to 36 months | 32% per annum | Real estate (house, apartment, commercial non-residential premises and objects, etc.)
Additionally, movable property is accepted if the assessed value of the real estate does not reach the collateral coverage ratio |
*Effective interest rate starting from 36,32 – 38,46%.
*Loan Committee can ask for a surety regardless of the loan amount.
Commission for cash services – According to Tariffs for individual services
How to repay a loan through payment terminals and electronic wallets?
With Baylik Finance, you can get the goods in installments very easily, because it requires a minimum of documents and time.
Product goals:
• Cell Phones
• Small and large household appliances
• Flight tickets
• Computer equipment
• Teaching or holding a family celebration
• Furniture and more.
Financing terms:
- Currency: KGS
- Repayment schedule: annuity
Important!
The client has the right to make early full early repayment:
– without paying fines;
— at any time during the term of the Loan Agreement;
— without prior notice to the Company;
– at any office of the Company and / or using any available payment instruments.
The client has the right to make partial early repayment of the loan ahead of schedule:
– without paying fines;
— at any time during the term of the Loan Agreement after written notice of partial early repayment;
– at any office of the Company and / or using any available payment instruments.
The requirements for the borrower are simple:
- A borrower must have citizenship of the Kyrgyz Republic;
- A borrower must be at the age of 18 – 70 inclusive;
- A borrower must have a positive credit score where the potential customer:
The list of documents is minimal:
- Copy of passports of the borrower, his spouse/her husband, and guarantors (if any);
| Amount | Term | Interest rate | Peculiarities of loan |
|---|---|---|---|
| From 5 000 to 150 000 KGS | From 1 to 18 months | 33% per annum |
|
*Effective interest rate starting from 37,63 – 38,47%.
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