Kazakhstan's National Bank has officially extended the exemption from the debt-to-income (DTI) ratio for housing loans and car loans, meaning such loans can be issued for at least another year, the website infohub.kz reports.
Kazakhstan applies a debt-to-income ratio (DTI), which assesses a borrower's ability to service a loan. By law, the DTI must not exceed 50% of a citizen's income. However, exceptions are provided: the ratio is not calculated when issuing car loans and mortgages under the housing construction savings (HCS) system.
For car loans, the exemptions apply when buying a new car or a used one, provided a down payment of at least 50% of the vehicle's value is made. If the car is less than three years old, the down payment must be at least 30%.
Initially, this preferential period was to run until December 31, 2026, but the National Bank of Kazakhstan has officially extended it: for loans under the HCS system, until December 31, 2029; for car loans in the above categories, until December 31, 2027.
Thus, Kazakhstanis will, as before, be able to take out housing loans and certain types of car loans without their DTI being taken into account.
The National Bank also noted that it will continue monitoring the situation on the credit market throughout 2027. Should systemic risks grow in certain lending segments, it reserves the right to introduce additional measures taking into account the population's debt burden and other financial stability indicators.