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 300,000 (inclusive)

from 1 to 18 months (up to 150,000 soms)

from 1 to 24 months (from 150,001 to 300,000 soms)

10,000 – 100,000 soms – 45% (with 44% insurance)
100,001 – 200,000 soms – 43% (with 41% insurance)
200,001 – 300,000 soms – 39% (with 37% insurance)
For a client with a credit history

Up to 200,000 soms (incl.) – without a guarantor

Over 200,000 soms -1 guarantor

For clients with no credit history

Up to 150,000 soms (incl.) – without guarantee

Over 150,000 soms -1 guarantor

Secured lending
Amount Term Interest rate Security
from 200,000 to 500 000 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 37,12%-55,54%.
*Loan Committee can ask for a surety regardless of the loan amount.

Commission for cash services – 1.3% of the loan amount, but not more than 10,000 soms.

The security deposit for unsecured loans is 1% of the loan amount.

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 29% per annum 
  • No commission fee
  • No down payment
  • Minimum of documents
  • In one day

*Effective interest rate from 60,2% – 61,64%

 

 

Credit Calculator

c

5000
25000
50000

1 мес
12 мес
18 мес

Monthly payment

4874

Interest rate

30 %

Total loan amount

58492

Credit term

12

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