The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan and the National Bank of Kazakhstan adopted a joint resolution amending the rules on maximum annual effective interest rates, cutting the cap for mortgage housing loans from 25% to 20%. The joint resolution (dated 30 April 2025 by the Agency’s board and 22 May 2025 by the National Bank’s board) amends the regulators’ August 2024 joint resolution on determining ceiling levels for annual effective interest rates. The full text is available on the Agency’s official website and will be published in the Adilet legal information system after registration with the Ministry of Justice.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-06-09
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan and the National Bank lower the mortgage annual effective interest rate cap to 20%
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan and the National Bank of Kazakhstan have jointly amended rules to reduce the maximum annual effective interest rate cap for mortgage housing loans from 25% to 20%. This amendment updates the August 2024 resolution on interest rate ceilings.