The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published consumer guidance on taking out loans, focusing on affordability checks, understanding key contract terms before signing, and maintaining repayment discipline. It reiterates that, under the law, borrowers cannot spend more than half of their monthly income on loan repayments. The guidance advises consumers to build a detailed financial plan and factor in risks such as illness or job loss, including the option of insuring against loss of working capacity and employment. Borrowers are encouraged to compare loan terms across financial institutions and review the mandatory “title page” that banks must provide before granting credit, then ask about the loan amount, payment term and schedule, commissions, the total cost of credit including all interest and fees, the amount of overpayment, and consequences of late payments; signing a loan agreement is presented as acceptance of all its terms. The note also recommends borrowing only from official creditors licensed by the Agency, paying instalments 5–7 business days before the due date, confirming successful early repayment transactions, and obtaining written confirmation from the bank. For borrowers who miss payments, the Agency advises against avoiding the creditor and points to the unified legal regime in place since 1 October 2021 for settling problematic debt of individual borrowers; additional information is referenced on Fingramota.kz.

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