Total Debt Limits May Restrict Loan Access in Kazakhstan Starting 2027

Starting from 2027, obtaining a loan may become more difficult in Kazakhstan as a restriction on the total amount of debt an individual can hold might be introduced.

This initiative was proposed by the National Bank of Kazakhstan. Under the new rule, banks will consider all of a borrower's existing obligations - including mortgages, auto loans, installment plans, and microcredits—rather than just evaluating the monthly payment amount.

According to the proposal, a citizen's total aggregate debt must not exceed eight times their annual income. For an individual earning an average salary, this threshold will equal approximately 44 million tenge, while for those with a median income, it will stand at about 32 million tenge. This restriction will primarily affect highly leveraged citizens, making it significantly harder for individuals who already hold multiple loans to secure new financing.

Consequently, banks will comprehensively assess a borrower's overall financial burden instead of merely looking at their current capacity to pay.