The Terms for Using Pension Payments to Pay Off Mortgage Loans Have Changed
Pursuant to Order of the Minister of Industry and Construction of the Republic of Kazakhstan No. 116 dated 19 March 2026, the amendments to the Rules for Use of Lump-Sum Pension Payments (LSPP) will take effect on 17 April 2026.
In accordance with these amendments, LSPP funds may be used solely to repay the principal of a housing mortgage loan, either partially or in full. The use of pension savings to cover interest, penalties, fines, or any other loan obligations is no longer permitted.
Under the previous version of the Rules, LSPP funds could be applied not only to pay off the principal but also related loan obligations. This option has been removed in the updated version.
How the Process Will Change for Our Customers
• To repay the principal using LSPP funds on the bank’s website, the customer must first pay the accrued interest using their own funds
• Once the interest has been paid, the LSPP funds will be applied for the principal repayment.
• If the interest is not paid within 10 days, the LSPP funds will be returned to the Unified Accumulative Pension Fund.
Due to alignment of the system with updated legislative requirements, and the Bank’s ongoing technical configuration works, payments for Partial Early Repayment/Full Early Repayment purposes funded by LSPP will be temporarily unavailable from April 17, 2026.
All other purposes for using pension funds to improve housing conditions will remain unchanged.
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