Loan Calculator Kazakhstan: Payment, Overpayment, APR and DTI
What will your consumer loan payment be, how much will you overpay, and will the application pass the debt-load check? The calculator includes fees and shows an estimated GESV (effective annual rate) — the real cost of the loan.
Up to date as of October 2026. Figures change — before making a decision, check the official sources: the ARDFM website (finreg.kz), the National Bank of Kazakhstan (nationalbank.kz) and your bank's loan agreement.
This is a simplified estimate based on your inputs. It is not financial, tax or investment advice. Check exact amounts with the State Revenue Committee (KGD), the State Social Insurance Fund (GFSS), your bank or an accountant.
GESV: the true cost of a loan
Ads show the nominal rate, but an upfront fee, a monthly service charge or insurance is often added on top. GESV — the annual effective rate of interest — rolls all of this into a single number. The bank is required to state it in the agreement. The calculator estimates GESV as the yield of the cash flow “you receive the amount minus the fee, then pay every month.” Banks use their own methodology and count by days, so the figure may differ slightly.
GESV and DTI caps in 2026
| Loan type | Maximum GESV |
|---|---|
| Unsecured bank loan | 46% |
| Secured bank loan | 35% |
| Mortgage loan | 20% (from July 1, 2026; 25% before that) |
| MFO microloan | 46% |
| MFO microloan up to 45 days and up to 45 MCI | under 0.3% per day and no more than 179% per year |
The caps were set by a joint resolution of the ARDFM and the National Bank dated April 28, 2026 (effective May 16). GESV is fixed as of the agreement date, and fees cannot push it above the cap. DTI — the share of income going to all loan payments — must not exceed 0.5. More about this concept in the glossary: debt load.
Example calculation
| 1,000,000 ₸ for 12 months | Monthly payment | Total overpayment | Estimated GESV | DTI with 300,000 ₸ income |
|---|---|---|---|---|
| 24%, no fees | 94,560 | 134,715 | 26.8% | 31.5% |
| 24%, 3% upfront fee | 94,560 | 164,715 | 34.5% | 31.5% |
| 24%, 3% upfront + 2,000 ₸ per month | 96,560 | 188,715 | 40.1% | 32.2% |
| 30%, 3% upfront + 2,000 ₸ per month | 99,487 | 223,846 | 48.5% | 33.2% |
Checking the first row: monthly rate 2%, annuity = 1,000,000 × 0.02 ÷ (1 − 1.02−12) ≈ 94,560 ₸, overpayment — about 134,715 ₸, GESV = 1.0212 − 1 ≈ 26.8%. A 3% upfront fee raises GESV to about 34.5% at the same contract rate, and in the last row GESV is already above the 46% cap — a bank is not allowed to sign such an agreement. The rates in the example are for illustration only, not offers from specific banks.
Common mistakes
- Comparing by the nominal rate. Two “24% per year” loans with different fees are different loans. Look at the GESV.
- Taking a payment right up to half your income. Any loss of income immediately turns into a late payment.
- Agreeing to insurance without reading. If it's paid and monthly, it's part of the cost of the loan.
- Borrowing to invest. Market returns are not assured, but loan payments are mandatory.
If you're choosing between a loan and saving up, see how many months it takes to collect the amount in the deposit calculator. For housing there's a separate mortgage calculator with government programs. Why you shouldn't risk borrowed money — in the lesson risk management and diversification.
- Compare by GESV, not by the advertised rate.
- 2026 caps: 46% unsecured, 35% secured, 20% mortgage.
- DTI no higher than 0.5 — payments on all loans up to half your income.
FAQ
What is GESV and how is it different from the interest rate?
The nominal rate is the percentage in the agreement. GESV (the annual effective rate of interest) also includes fees, service charges and the payment schedule. It's the real cost of the loan, and it's what you should compare offers by.
What is the maximum GESV on loans in 2026?
Under the joint resolution of the ARDFM and the National Bank dated April 28, 2026: unsecured bank loans and MFO microloans — up to 46%, secured bank loans — up to 35%, mortgages — up to 20% from July 1, 2026. The caps may be revised — check finreg.kz.
What is DTI and what is the cap?
The debt-to-income ratio is the share of income that goes to payments on all loans. The cap is 0.5, i.e. 50% of income. If payments with a new loan would exceed half your income, the bank will most likely refuse.
Which is better — an annuity or a declining-balance payment?
A declining-balance schedule means less overpayment, but its first payments are higher. An annuity is the same every month, which makes it easier to plan.
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