Kazakhstan sets 100 billion tenge limit for 7-20-25 mortgage programme in 2027

Kazakhstan's National Bank has approved financing of 100 billion tenge for the 7-20-25 mortgage programme in 2027. The relevant resolution was adopted by the National Bank. The Sustainability Fund of Kazakhstan (SFK) reported that quarterly financing will not exceed 25 billion tenge.

The SFK operates the programme. Banks issue the preferential loans under the 7-20-25 programme themselves, while the SFK buys the right to claim on these loans from them within the set limit.

The 7-20-25 mortgage programme was launched in 2018 and was the first preferential scheme that allowed Kazakhstanis without housing to take out loans on favourable terms. The loan rate is 7 percent, the initial payment starts at 20 percent, and the loan term is up to 25 years. The maximum property value is 30 million tenge in Astana, Almaty (including surrounding areas), Aktau, Atyrau and Shymkent, 25 million tenge in Karaganda, and 20 million tenge in other regions. The programme will remain in effect until 2029 and is aimed only at purchasing homes from the primary market.