The Agency for Regulation and Development of the Financial Market, together with the National Bank, adopted a resolution on differentiated mortgage rates. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
According to the resolution, from January 1, 2027, a differentiated annual effective interest rate (AEIR) on mortgages will be introduced. When processing a loan, the LTV ratio – the ratio of the loan amount to the collateral value – is taken into account.
Established procedure: - If the LTV indicator is up to 0.7, the maximum AEIR is 20%; - If LTV is above 0.7, the maximum AEIR is 25%.
Thus, if the down payment exceeds 30%, the annual effective interest rate on the mortgage will not exceed 20%. If the down payment is below 30%, the rate is set at 25%.
Until January 1, 2027, the current AEIR limit on mortgage housing loans remains at 25%.