Kazakhstan has approved new deadlines for the state program of refinancing mortgage housing loans. Financial institutions will provide support until September 1, 2026, for applications submitted before December 31, 2025. This is stated in a resolution of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFR). This was reported by Qazaqyia.kz citing Kursiv Media.
The document states that the norm applies to banks, Kazakhstan Housing Company, and other authorized organizations. After completing all procedures, banks must submit final reconciliation acts to the Kazakhstan Stability Fund (KSF) no later than November 1, 2026.
Special attention in the document is given to borrowers whose housing has already been transferred to the balance of organizations. If a problem borrower does not apply for financing of the buyout or for transferring the housing for rent before December 31, 2025, the bank has the right to sell this property.
Similar deadlines until September 1, 2026, are set for the liquidation commission of JSC "Bank Astana," which will continue to assist borrowers whose loans were not refinanced earlier due to the revocation of the bank's license (provided the application is submitted before December 31, 2025).
The mortgage refinancing program has been in effect in Kazakhstan since 2015. It was launched by the National Bank to support borrowers facing difficulties in servicing mortgage loans, including after the tenge devaluation. Under the program, banks gained the ability to revise loan terms, reduce interest rates and debt burden, and prevent the loss of the only home. The rate after refinancing was no more than 3% per annum.
In subsequent years, the program was repeatedly expanded. In particular, foreign currency mortgage loans issued before January 1, 2016, were included, which were converted into tenge at a preferential rate. Special support measures were also provided for socially vulnerable categories of citizens.
In July 2025, the authorities expanded the mortgage refinancing program. One of the changes was a reduction in the interest rate on deposits and bonds purchased by government agencies to finance the program.
The program includes three main areas. For mortgage loans issued in 2004–2020, as of June 1, 2025, 32.9 thousand loans worth 207.4 billion tenge were refinanced at a rate of 3% per annum. As part of solving the problem of foreign currency mortgages issued before 2016, 15.9 thousand loans worth 114 billion tenge were converted at a fixed rate of 188.35 tenge per dollar; this work was planned to be completed by the end of 2025. Another area provides support for socially vulnerable borrowers: 10.6 thousand people received assistance totaling 96.3 billion tenge through debt write-offs, preferential payment schedules, and the return of the only home.