“Everything is for home. By installments. Everything is Halyal” – “Any commodities are by installments”

OJSC “EcoIslamicBank” has developed the unique system of financing receiving for consumer purposes, namely, for purchasing of:

· Household appliances

· Furniture

· Video and audio equipment

· Computers

· Cameras

· Mobile phones

· Domestic generators, converters, other electric appliances

· Sports equipment

· Dishes

· Bathes, Jacuzzis

· Kitchen utensils and equipment

· Books

· Clothes

· Carpets

· Chandeliers

· Automobile tires

· Armor-plated doors, plastic windows

· Sheep and goats (sheep)

as well as any other consumer goods

More than 500 trade organizations throughout the Republic are cooperating with us, thousands of families of Kyrgyzstan due to the consumer financing of our Bank could strengthen their living standards. For purchasing by installments any person who wants can receive financing for the amount from KGS 3,000 to 200,000 for the period from 1 month to 5 years (60 months).

Who can receive payment by installments?

-    Age – from 21 to 60 years (guarantee of 1 person is additionally required at the age of up to 65 years)

-    Place of residence (place of permanent registration)

-    Paying capacity

-    Term from 1 month to 60 months

-    Amount of credit from KGS 3,000 to 200,000

Is it possible to receive discounts?

“EcoIslamicBank” values its every partner, that is why specially for the program of consumer financing we have developed the system of loyalty in the form of bonuses and discounts! The following bonuses and discounts are available for the installment buyers:

- for timely repayment

- for advanced repayment

- in case of recurring or parallel applying

- in case of collective receiving of the consumer financing

Additional discounts in case of group (solidary) applying for payment by installments are available in the network of shops EuroTech. The additional discounts are given by the Bank or sales network.

If you are a depositor of our Bank, holder of a “salary” card or regularly receive money transfers in the branches of “EcoIslamicBank”, then the simplified execution of consumer financing is acting for you.

Documents required for execution of payment by installments:

Before going to the nearest credit committee of our bank in please, prepare the following documents: passport with local domicile (suburbs of Bishkek city are included) and documents confirming your profits: certificate about salary, certificate of a private entrepreneur, patent, etc. Tell also, please, about income of parents, spouse, other sources of income to assure finally our employee and to increase the size of the received amount by installments.

If you work in the commercial or state organization you have to submit:

- identification documents (passport, residence permit, military service record card, certificate of the officer)

- certificate about the salary for the last 3 - 6 months.

If you implement the private entrepreneurial activity, then besides the identification documents, you are required to submit:

- Certificate of Private Entrepreneur (PE), INN, Statistical cards (in case of PE);

- Patent for the last 3 months (for individuals working by the patent);

- Documents of title for the real estate, container/ pavilion, etc. (if the business is run in the own premise);

-   Contract of lease (if the business is run in the rented premise and if the client can submit);

-   Certificate from the market administration.

In case of absence of the documents certifying your income

Our Bank will help you to receive consumer financing even in case if you cannot confirm your income officially. If you work at home, are the representative of a free profession or a freelancer (designers, copywriters, artists, etc.), or run your homestead garden, occupy with the agriculture and livestock farming, work at the construction site or in the sewing shop, sale at the bazaar, engage in private cabbing. The representatives of our financial institution in such cases will study your professional activity and sources of income, as it is very important for the Bank to assure itself that you will not meet with the difficulties on monthly repayment for the commodities acquired by installments.

If you live in another region of Kyrgyzstan, it is not a problem! “EcoIslamicBank” is the bank with the most branchy regional network, that is present in all regions of our country. In order to clarify the nearest credit committee, just make a call to the call-center (0312) 69 03 80 and in general, please, write this number in the phone book of your cell-phone – we are sure that this number will not be needless and always can be useful for you!

In the cities of Karabalta, Tokmak, Karakol, Osh, Jalal-Abad, Uzgen, Kyzyl-Kiya, Talas – and this is not the complete geography of the Bank. Today the consumer financing from “EcoIslamicBank” is available almost to every citizen of Kyrgyzstan, wherever he is. And in Bishkek, if you do not have a Bishkek certificate of domicile, the specialists of the Bank will help you to choose the way of cooperation which is convenient for you.

Execution of documents in the shop

Choose any commodity and receive from the shop assistant the printout or the information sheet with technical characteristics and cost of a commodity, bank requisites of a trade organization. Having taken this document, go to our Bank. For receiving the information, use the telephone of the call-center 0312 69-03-80. For clarifying the information about the commodity and trade organizations cooperating with our Bank, please, make a call by this number.

The payment by installments can be executed not only in the partner shops of “EcoIslamicBank”, but in any other shops. The main condition consists in the trade organization’s ability to present the required documents: copy of a patent and passport (for individuals working by the patent).

Individual consumer financing
After you take the final decision about the purchase by installment, the representative of our Bank will offer you to sign the contract and open the deposit account, on which you will credit at least 10% from the commodity cost. By the way, it is not compulsory, if you have a guarantor or if you take the commodity by installments with the friends, colleagues or relatives in a group, than here it is much easier – all of you will act as guarantors of each other. Each of the participants of the group will be able to receive the commodity by installment for the amount from KGS 3,000 to 200,000. All participants are also required to prepare all the above-indicated documents.

Approximate calculation of consumer financing

Let’s take, for example, cheap but functional refrigerator, which costs KGS 18,000. The monthly payment by installments for a year will be approximately KGS 1,860. The monthly payment by installments, for example, of the notebook is in all KGS 1,250, and of the plasma-panel TV set – about KGS 2,000 per a month. As you see, it is all very profitable and convenient, helps to preserve the family budget in the integrity, and herewith not to save but to buy immediately, not denying oneself in new purchases. For advanced repayment of the payment by installments, “EcoIslamicBank” makes a discount and does not charge the fine.

What is for the pledge?

The pledge is the acquired commodity itself. The initial installment (deposit) from the cost of the purchase is from 0% (in case of consumer financing) and from 10% (in case of individual financing).

Short information about payment by installments

• It is an interest-free credit based on the Islamic financing principles. The charge of the Bank (which is contractual and is not changed throughout the whole term of the repayment by installments) is accrued on the cost of goods;
• Any individual or a group of persons at will can receive the financing;
• The term of issuing of the payment by installments is not more than 2 working days;
• You can acquire any commodity through “EcoIslamicBank” by installments from 1 month to 60 months (5 years);
• The amount of consumer financing is from KGS 3,000 to 200,000;
• The age of borrowers/partners shall be from 20 to 65 years (the guarantee is obligatory in case if a person is over 60 years old);

Bid security in case of individual consumer financing

• Up to KGS 35,000 - 10% deposit + the commodity itself;
• From KGS 35,001 to 50,000 - 20% deposit + the commodity itself + guarantee (if there is no guarantor – deposit 30%);
• From KGS 50,001 to 100,000 - 30% deposit + the commodity itself + guarantee (if there is no guarantor – deposit 40%);
• From KGS 100,001 to 200,000 – 30 % deposit + the commodity itself + 2 guarantees (or deposit 40% + 1 guarantor);

NB! After repayment, the initial installment (deposit) is fully returned or it can be used for repayment of the last months. If you also accumulated discounts, then the whole amount of the discount (that you can receive) is added to the deposit.

Special conditions for buying a cell-phone by installments

The age of a partner/borrower is from 23 to 65 years old

Up to KGS 35,000 - deposit 20% and one guarantor

From KGS 35,001 to 50,000 - 25% deposit + goods themselves + guarantor

From KGS 50,001 to 100,000 - 30% deposit + goods themselves + two guarantors (or min 40% deposit and one guarantor)

Special conditions for buying sheep and goats

Age of a partner/borrower is from 23 to 65 years old

Up to KGS 20,000 – deposit 10% + 1 guarantor or in pledge of movable property

Group consumer financing
From 3 to 8 persons shall be in a group.
Not less than 30% participants of the group shall have a city certificate of domicile and permanent residence in Bishkek city.
Close relatives in the group shall be not more than 20%.
In case if the Partner has his own apartment/house, but he has no possibility to confirm his incomes, then the financing is given guaranteed by.

Today thousands of citizens of Kyrgyzstan in different places of our country are the buyers by installments, and the objective of “EcoIslamicBank” consists in attraction of millions of our fellow nationals who will use our services!

Do not deny yourself everything! Buy any commodity by installments from “EcoIslamicBank”!

Notes: the development of the following items is required:

1) Map of credit committees (West of Chui Oblast)

2) Map of credit committees (East of Chui Oblast)

3) Map of credit committees by the regions (except for Chui Oblast)

Map of credit committees in Bishkek city