Kazakhstan Introduces 14-Day Cooling-Off Period for Unsecured Loans
Starting October 12, 2026, Kazakhstan will implement a new regulation allowing borrowers to cancel unsecured loans within 14 days of signing the contract. Banks cannot charge penalties for this cancellation, but borrowers must pay for the days they used the funds. A similar right applies to associated voluntary insurance, with a refund of the unused premium. Lenders must inform clients about this right beforehand.
Headline and summary written by daryo. The full report belongs to LS.