Joint Resolution No. 84 and No. 51 on Determining the Maximum Annual Effective Interest Rates for Loans and Microcredits

AGENCY OF THE REPUBLIC OF KAZAKHSTAN FOR THE REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET		NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN
RESOLUTION OF THE BOARD		RESOLUTION OF THE BOARD
April 28, 2026 No. 84 Almaty city		April 29, 2026 No. 51 Astana city

JOINT RESOLUTION

On Determining the Maximum Annual Effective Interest Rates for Loans and Microcredits

In accordance with paragraph 2 of Article 718 of the Civil Code of the Republic of Kazakhstan, paragraph 5 of Article 53 of the Law of the Republic of Kazakhstan "On Banks and Banking Activity in the Republic of Kazakhstan," and paragraph 1 of Article 5 of the Law of the Republic of Kazakhstan "On Microfinance Activity" (hereinafter – the Law), in order to determine the maximum annual effective interest rates for bank loans and microcredits, the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market and the Board of the National Bank of the Republic of Kazakhstan RESOLVE:

1. Determine the maximum annual effective interest rates:

for bank loans provided by second-tier banks, organizations carrying out certain types of banking operations – 46 (forty-six) percent for unsecured bank loans; 35 (thirty-five) percent for bank loans secured by collateral; for mortgage housing loans – 25 (twenty-five) percent;

for microcredits provided by organizations carrying out microfinance activity – 46 (forty-six) percent;

for microcredits provided by organizations carrying out microfinance activity for a term of up to forty-five calendar days, in an amount not exceeding forty-five times the monthly calculation indicator established for the corresponding financial year by the law on the republican budget – less than 0.3 (zero point three) percent per day, but not more than 179 (one hundred seventy-nine) percent.

On the date of conclusion of a bank loan agreement, a microcredit provision agreement, a change in the interest rate for a bank loan or microcredit, and/or a change or introduction of new commissions and other fees related to the issuance and servicing of a bank loan, the annual effective interest rate may not exceed the maximum limit established by this paragraph.

2. Recognize as having lost force the joint resolutions of the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market and the Board of the National Bank of the Republic of Kazakhstan listed in the appendix to this joint resolution.

3. The Department of Methodology and Prudential Regulation of Financial Organizations of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market shall ensure, in the manner established by the legislation of the Republic of Kazakhstan:

1. jointly with the Legal Department of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market, the state registration of this joint resolution in the Ministry of Justice of the Republic of Kazakhstan;

2. placement of this joint resolution on the official website of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market after its official publication;

3. within ten working days after the state registration of this joint resolution, submission to the Legal Department of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market of information on the implementation of the activity provided for in sub-paragraph 2) of this paragraph.

4. Control over the implementation of this joint resolution shall be entrusted to the supervising Deputy Chairman of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market and the Deputy Chairman of the National Bank of the Republic of Kazakhstan.

5. This resolution shall enter into force after the expiration of ten calendar days from the day of its first official publication.

It is established that as of July 1, 2026, the second paragraph of paragraph 1 of this joint resolution shall operate in the following wording:

"for bank loans provided by second-tier banks, organizations carrying out certain types of banking operations – 46 (forty-six) percent for unsecured bank loans; 35 (thirty-five) percent for bank loans secured by collateral; for mortgage housing loans – 20 (twenty) percent;". [1]

Chairman of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market		Chairman of the National Bank of the Republic of Kazakhstan
M.E. Ablykasymova		T.M. Suleimenov
______		______

Appendix

to the joint resolution

of the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market of April 28, 2026 No. __

and the Board of the National Bank of the Republic of Kazakhstan of April 29, 2026 No. 51

List of joint resolutions of the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market and the Board of the National Bank of the Republic of Kazakhstan,

recognized as having lost force

1. Joint resolution of the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market of August 16, 2024 No. 62 and resolution of the Board of the National Bank of the Republic of Kazakhstan of August 19, 2024 No. 45 "On Determining the Maximum Annual Effective Interest Rates" (registered in the Registry of State Registration of Normative Legal Acts under No. 34960).

2. Joint resolution of the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market of April 30, 2025 No. 13 and resolution of the Board of the National Bank of the Republic of Kazakhstan of May 22, 2025 No. 27 "On Amending the Joint Resolution of the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market of August 16, 2024 No. 62 and the Board of the National Bank of the Republic of Kazakhstan of August 19, 2024 No. 45 "On Determining the Maximum Annual Effective Interest Rates" (registered in the Registry of State Registration of Normative Legal Acts under No. 36204).

3. Joint resolution of the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market of August 20, 2025 No. 35 and resolution of the Board of the National Bank of the Republic of Kazakhstan of August 25, 2025 No. 48 "On Suspension of the Structural Element of the Joint Resolution of the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market of August 16, 2024 No. 62 and the Board of the National Bank of the Republic of Kazakhstan of August 19, 2024 No. 45 "On Determining the Maximum Annual Effective Interest Rates" (registered in the Registry of State Registration of Normative Legal Acts under No. 36790).

4. Joint resolution of the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market of December 24, 2025 No. 83 and the Board of the National Bank of the Republic of Kazakhstan of December 24, 2025 No. 97 "On Suspension of the Structural Element of the Joint Resolution of the Board of the Agency of the Republic of Kazakhstan for the Regulation and Development of the Financial Market of August 16, 2024 No. 62 and the Board of the National Bank of the Republic of Kazakhstan of August 19, 2024 No. 45 "On Determining the Maximum Annual Effective Interest Rates" (registered in the Registry of State Registration of Normative Legal Acts under No. 37698).

5. On Determining the Maximum Annual Effective Interest Rates for Loans and Microcredits ↑