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Purchasing a vehicle in Kazakhstan is now considerably more costly for those relying on financing. By May 2026, the landscape of car loans has shifted, with annual effective interest rates (AER) reaching up to 35%.

New vs. Used Car Loan Differences

A clear segmentation has emerged in the market. Banks are generally offering more favorable rates to customers purchasing new vehicles directly from dealerships. Loan terms for electric cars, in particular, may be even more attractive.

Conversely, interest rates for loans on used cars are substantially higher, rarely falling below 30%. This leaves borrowers facing a difficult choice between paying a high interest rate for a new car or securing an expensive loan for a pre-owned vehicle.

Bank Interest Rate Comparison

A ranking of major banks' offers, from most to least accessible, highlights the current lending environment. It's important to note that some rates were calculated using the banks' online calculators.

It should be noted that the indicated AERs do not guarantee the same rate for every client. Banks frequently adjust terms based on factors such as the down payment, loan term, vehicle age, and the client's credit history. Furthermore, the lowest rates may only apply to specific models, partner dealerships, or when additional services are purchased.

This information was reported by the Infohub.kz news agency.