Lending for house purchase, improvements or building.

Lending for house purchase, improvements or building.

In cooperation with the Ministry of economy and trade development of RT and the German Bank of Development (KfW), Bank Eskhata introduced a project of housing finance since the May of 2015; its purpose is assistance in improvement of living conditions of the Tajik population.
At least once a life, everyone thought that the time of home renovation has come, that it is the time to build new house or to buy a flat. But the large amount expected for our plans realization leave the plans until later again. There are credit organizations to satisfy your needs in housing purchase or home improvement, which are ready now to extend reasonable credit products.
Considering needs of the population in financing the sphere, Bank Eskhata developed credit product “Manzili” (“Housing”). Lending is issued with preferential terms for persons with low income. Annual interest rate is drawn as 28% in TJS; taking into account unstable currency prices, loan funds are issued in the national currency (TJS) for 10-year period!
Within this project, Bank Eskhata has already started lending to Tajik citizens. Issued loans amount is more than 7 million TJS; their number is 177 units.
Deputy Head of the Bank Credit Department Shukhrat Kasimov marked that in crisis times realizing projects of housing finance is timely decision, which helps customers to solve problems associated with living conditions. Relatively low interest rates and long term give opportunity to Tajik citizens to settle the issue of home improvement along with other everyday expenses.

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