The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published consumer guidance urging borrowers to scrutinise loan agreements before signing, with a focus on understanding the true cost of credit rather than relying on the nominal interest rate. It highlights the effective interest rate as the key measure because it includes interest as well as commissions, insurance premiums and other mandatory payments, and notes that banks are required to disclose this rate. The guidance advises consumers to request a full list of potential commissions and charges (including account opening, servicing and possible early repayment fees), confirm any mandatory insurance requirements and whether the borrower can choose the insurance provider, and check that the contract includes a clear repayment schedule. It also flags the need to understand how penalties and late fees are calculated, to avoid signing unclear terms, and to seek advice where needed; further financial literacy materials are referenced on Fingramota.kz.

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