The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan and the National Bank of Kazakhstan have adopted a joint resolution amending the caps on annual effective interest rates for loans and microcredits. The main change applies to mortgage housing loans, where the cap will become linked to the loan to value ratio from Jan. 1, 2027, while caps for other products remain unchanged. For mortgage housing loans with an LTV ratio of up to and including 0.7, the maximum annual effective interest rate will be 20%. For loans with an LTV ratio above 0.7, the cap will be 25%. Until Jan. 1, 2027, the existing 25% cap for mortgage housing loans will remain in force.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan2026-07-01
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan and National Bank of Kazakhstan adopt LTV based mortgage annual effective interest rate caps from 2027
Kazakhstan's financial market regulator and central bank have introduced LTV based annual effective interest rate caps for mortgage housing loans from Jan. 1, 2027. The cap will be 20% for loans with LTV up to and including 0.7 and 25% for loans above 0.7. The current 25% mortgage cap stays in place until then, and other product caps are unchanged.