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Starting July 1, 2026, obtaining loans in Kazakhstan will undergo a significant transformation as the National Bank of the Republic of Kazakhstan plans to implement stricter requirements for borrowers. These changes are expected to particularly impact individuals who receive 'under-the-table' salaries or struggle to prove their official income, making consumer, auto, and mortgage loans considerably more challenging to secure.

Why the Shift in Lending Criteria?

The regulatory body is revising macroprudential norms, which directly influence how a borrower's repayment capacity is assessed. The primary objective behind these adjustments is to mitigate financial risks for banks and prevent loan defaults. A key focus will be placed on two crucial indicators to ensure a more accurate evaluation of a borrower's financial standing.

Official Income Verification Becomes Paramount

Once the new regulations take effect, financial institutions will place a strong emphasis on a borrower's officially recognized sources of income. The primary channels for verifying income will include official salary transfers, pension contributions, and other documented revenue streams. This approach aims to provide banks with a clearer picture of a client's actual financial situation, thereby reducing the risk of issuing loans blindly.

Who Might Face Challenges?

These new measures are likely to affect citizens whose income is not officially documented. Individuals relying on undeclared earnings or informal work may find it exceedingly difficult to qualify for loans. Banks are expected to exercise caution, even with smaller loan amounts, if they cannot verify the source of a client's income.

National Bank Confirms New Regulations

The head of the National Bank of Kazakhstan has officially confirmed the development of these new rules. According to the bank's leadership, the core aim of these changes is to enhance transparency within the credit market and safeguard both banks and citizens from excessive debt burdens.

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