According to bank data, in the third quarter of 2025, there is a decrease in the volume of mortgage lending, while the demand for auto loans has sharply increased. Consumer loans, both secured and unsecured, remained at the same level despite changes in mortgage lending, including a reduction in the annual effective rate from 25% to 20%. =AT3SWSqBh8u2jThbRNMV0RHNgEXqwI41GQcdimKBk6zW9tm555YHmUrkUwBnXBhI6Tt-0MmVNYHeV-vbI6jSsywwKuyrZJS1tffkR_oAXnCq1F6VJhbolPLGzz2tGEMKzThCSIVppAIfsW9X0eNqQnNcUGPGEki-bPUAc7GVIXAAQwc6IPR2rTfZdazjORhYcp_f5WjE-zj3gdWomJeNC2Bv2CjM8Ng] reports Exclusive.kz.
Nevertheless, the total number of mortgage loan applications increased by 19% compared to the previous quarter, reaching 288 thousand, while the average loan amount rose by 21% to 21 million tenge.
As for secured consumer loans, their demand did not change compared to the second quarter. However, the number of applications submitted increased by 94% due to the launch of a new digital service by one of the banks. The average size of applications, however, decreased by 21% to 12 million tenge.
In the segment of unsecured lending, stable demand is also observed. However, banks have tightened their lending requirements: the loan term has been reduced to five years, additional conditions have been introduced for borrowers under 21 and over 55 years old, as well as mandatory personal presence for borrowers without a credit history. This led to a decrease in the total number of applications by 6% to 17.2 thousand, despite an increase in the average loan amount by 7% to 1.05 million tenge.
The demand for auto loans continues to grow thanks to subsidized programs from car dealerships that were launched in the first half of 2025. The number of applications remained at 1.52 million, while the average loan amount decreased by 5% to 6.9 million tenge.
At the same time, the approval rates for mortgage loan applications fell by 6 percentage points to 23%, for secured consumer loans by 23 points to 22%, for auto loans by 2 points to 17%, while the approval rates for unsecured loans remained at 32%.
