The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published an overview of the protections available to citizens performing compulsory military service, including an automatic deferral of payment obligations on microcredits and bank loans for the full period of service and for 60 days after demobilisation. During the deferral period, interest, fines and penalties are not accrued. As of the start of 2025, 20,100 of 22,400 conscripted borrowers had their loans deferred, with total deferred debt of KZT 7.5 billion. The deferral is granted without an application, based on call-up information transmitted by the Ministry of Defence via the credit bureau to banks and microfinance organisations, which must complete the deferral within 15 calendar days of receiving the notification; customers do not need to attend in person or sign additional agreements. The measure applies to principal and interest, prohibits the charging of penalties and the use of collection measures during the deferral period, and remains in place for 60 days even if a servicemember is released from a unit list early; borrowers can opt out by written request within 14 calendar days, while loans subject to a court decision, settlement agreement or an enforcement inscription are excluded. The agency also noted that on 9 April 2025 the Mazhilis approved, at second reading, a draft law on financial market development and consumer protection that includes an amendment to prohibit lending to servicemembers during the period of compulsory military service.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-05-06
Kazakhstan Agency for Regulation and Development of the Financial Market reports KZT 7.5 billion in automatic loan deferrals for conscripts and flags proposed lending ban
The Agency for Regulation and Development of the Financial Market of Kazakhstan outlined protections for conscripted citizens, including automatic deferral of microcredit and bank loan payments during military service and 60 days post-demobilisation, with no interest or penalties. As of early 2025, 20,100 of 22,400 conscripted borrowers had loans deferred, totaling KZT 7.5 billion. Additionally, the Mazhilis approved a draft law prohibiting lending to servicemembers during compulsory military service.