the law of the kyrgyz republic 

Bishkek, No.237 as of October 28, 2025  

On the Consumer Credit 

Article 1. The Purpose and the Scope of This Law 

1. The purpose of this Law is to regulate relationships related to the extension and the repayment of a consumer credit, as well as to establish the rights and the obligations of the parties to such relationships. 

2. This Law is intended to protect the rights and the legitimate interests of borrowers, ensure the transparency and the comparability of lending terms, prevent the excessive debt burden, prevent unfair practices, and promote responsible lending. 

3. This Law shall not apply to credits for purchasing, constructing, or completing residential real estate that are secured by real estate, except for cases expressly stipulated by this Law. 

4. This Law shall apply to banks and nonbank financial and credit organizations supervised by the National Bank of the Kyrgyz Republic (hereinafter referred to as the “National Bank”), including those carrying out operations in accordance with the principles of Islamic finance, taking into account the specific features and the characteristics stipulated by the regulatory legal acts of the Kyrgyz Republic governing the principles of Islamic banking and finance, and providing consumer credits. 

5. The requirements of this Law shall also apply to relationships related to the extension of the consumer credit, including cases where the credit is extended to pay for goods, works or services. The provisions of laws governing the lending issues, the principles of Islamic finance, and the installment (deferred payment) in fulfilling the monetary obligation to pay for goods, works, or services shall apply to matters not regulated by this Law and the requirements of the banking legislation. 

The banking legislation of the Kyrgyz Republic may establish additional requirements for the regulation of consumer credits. 

Article 2. Basic Definitions Used in This Law 

1. The following basic definitions are used for the purposes of this Law:

1) an Annual Effective Interest Rate is an interest rate expressed in reliable, annual, effective, and comparable terms, calculated by taking into account the customer’s payments related to receiving a consumer credit;

2) a Borrower is an individual who has received or applied for a consumer credit;

3) a Lender is a legal entity authorized to extend credits in accordance with the banking legislation of the Kyrgyz Republic;

4) a markup is the rate of return under agreements in accordance with the principles of Islamic banking and finance, stated as a nominal annual interest value, as well as an increase in the amount of the borrower’s obligation compared to the price (the value) of goods, works, or services when paid in full in a single installment;

5) a Borrower’s Debt-To-Income Ratio is the ratio of the borrower’s average monthly payments on all of its debt liabilities to its average monthly income, expressed as a percentage;

6) the Total Value of the Consumer Credit is the aggregate amount of all expenses incurred by the borrower under the agreement related to receiving and servicing the consumer credit, including interest (a markup), fees, and other mandatory payments, as well as any increase in the value of goods (works, services) resulting from the extension of the consumer credit. The total value is expressed in absolute monetary terms and is determined in accordance with the procedure established by this Law and the legislation of the Kyrgyz Republic governing the activities of the lender;

7) a Consumer Credit is a credit or financing based on the Islamic principles, provided by a lender under the terms of maturity, repayment, and interest payment, including for the purposes of paying for goods, works, or services, with the borrower subsequently paying in installments (deferred payment) in fulfilling the monetary obligation under the consumer credit agreement. A consumer credit is extended exclusively to individuals for personal, family, or household purposes not related to business activities and the generation of profit. Consumer credits may be interest-free or without a markup, as agreed upon by the parties;

8) the Installment (Deferred Payment) in Fulfilling the Monetary Obligation is a term of the consumer credit agreement provided by the lender, under which the obligation to pay for goods, works, or services may be fulfilled in installments or at a later date in accordance with the procedure established by the Civil Code of the Kyrgyz Republic;

9) Refinancing means concluding a new, relevant consumer credit agreement to fully or partially repay the existing consumer credit;

10) Assignment of the Right to Claim (Cession) is the transfer by a lender of its rights to claim on an obligation to another person in accordance with the procedure established by this Law and the civil legislation of the Kyrgyz Republic. 

2. Other definitions and terms used in this Law shall have the meanings assigned to them in the relevant branches of the legislation of the Kyrgyz Republic

Article 3. Parties and the Subject of the Consumer Credit Agreement 

1. The parties to the consumer credit agreement are the borrower and the lender. Other persons who guarantee that the borrower will fulfill its obligations may also be involved in consumer credit relationships, in the cases stipulated by the Civil Code of the Kyrgyz Republic. 

2. The subject of the consumer credit agreement shall be the funds provided to the borrower under the terms of maturity, repayment, and interest payment, as well as goods, works, or services paid for through the lender.

The subject of the consumer credit shall not include credits and installment plans related to the purchase of real estate (mortgages) or other property that has been withdrawn from circulation or is subject to restrictions on circulation in accordance with the legislation of the Kyrgyz Republic. 

Article 4. Extension of the Consumer Credit 

1. The consumer credit shall be extended on the basis of the consumer credit agreement (hereinafter referred to as the “Agreement”) under the terms of maturity, repayment, and interest payment, including cases where an interest-free credit or the installment (deferred payment) is provided without a markup. 

2. The consumer credit shall be extended to individuals upon confirmation of their solvency. The lender shall assess solvency in accordance with its internal procedures and the requirements established by the banking legislation of the Kyrgyz Republic. 

3. Information regarding the general terms and conditions for extending the consumer credit, the amount of the interest rate, and the markup must be transparent and available to customers and may not be the subject to commercial or banking secrecy. 

4. Before concluding the consumer credit agreement, the lender must ensure full disclosure of information regarding the consumer credit. It is not permitted to refuse to provide exhaustive information about the terms and conditions and/or the markup and/or the interest rate of the consumer credit. 

5. The lender shall be obliged to ensure that the following requirements are met when providing consumer lending services to borrowers:

1) the effective interest rate on the consumer credit shall not exceed the value of the declared (published) effective interest rate as of the date the consumer credit is extended;

2) before concluding the consumer credit agreement, the full disclosure of exhaustive information regarding the consumer credit must be ensured for the potential borrower, including information about the terms and conditions for extending the credit, the interest rate or the markup, and the total value of the consumer credit;

3) the consequences of the failure to fulfill or the improper fulfillment of the obligations assumed under the relevant agreements must be explained to the borrower, the guarantor, and the pledge giver against their acknowledgment;

4) other requirements stipulated by the banking legislation and the consumer rights protection legislation of the Kyrgyz Republic. 

6. The lender shall be obliged to provide the borrower, free of charge, with a standardized information sheet in a hardcopy or softcopy form so that the borrower may review and compare the terms and conditions for extending the consumer credit prior to the conclusion of the consumer credit agreement. 

The information sheet shall contain the following information:

1) the type and the amount of the consumer credit or the value of goods, works, or services—when provided on an installment basis (deferred payment);

2) the tenure of the consumer credit, the interest rate, the markup, including the terms of their calculation, as well as other mandatory payments, if they are stipulated in the terms of the consumer credit being extended;

3) the total value of the consumer credit, and, in cases where the agreement provides for the accrual of interest or other mandatory payments, the annual effective interest rate calculated in accordance with the procedure established by the banking legislation of the Kyrgyz Republic, taking into account the specific features of the principles of Islamic finance;

4) the amount, the number, and the frequency of payments (a repayment schedule);

5) information about the borrower’s right to cancel the agreement free of charge until the funds are received, and, in the case of the consumer credit being provided in the form of the installment (deferred payment), until the actual delivery of goods, works, or services;

6) the consequences of the failure to fulfill or the improper fulfillment of contractual obligations;

7) other information in accordance with the requirements of the banking legislation of the Kyrgyz Republic. 

7. The terms and conditions for extending the consumer credit shall be determined by this Law and the banking legislation of the Kyrgyz Republic. 

The terms and conditions and the procedure for extending the consumer credit must be disclosed at customer service locations and on the official website (if any) of the lender, where they are freely accessible to the general public. 

Information regarding changes in interest rates on consumer credits shall be published immediately. 

8. The extension of the consumer credit in the form of the installment (deferred payment) in fulfilling the monetary obligation shall be based on the price of goods, works, or services in effect on the date the consumer credit agreement is concluded. Any subsequent change in the price of goods, works, or services shall not result in the change in the parties’ obligations. 

When providing the installment (deferred payment) in fulfilling the monetary obligation under the terms of interest payment, the markup may not exceed the value specified in Article 8 of this Law. 

Article 5. Documents to Be Submitted by the Borrower When Applying for a Consumer Credit 

1. In order for the credit application to be reviewed, the borrower shall be obliged to provide the lender with identity documents, as well as other documents necessary to assess its solvency and comply with the requirements of this Law. 

2. The minimum list of documents includes:

1) an identity document of the borrower;

2) a taxpayer identification number (if any);

3) information about the borrower’s income and, if necessary, that of the borrower’s family members, shall be provided either by the borrower in the form of documents or statements, the reliability of which is confirmed by the borrower, or by authorized government authorities, including information received through the government e-services portal;

4) other documents in the cases stipulated by the banking legislation of the Kyrgyz Republic or by the agreement. 

The lender shall be obliged to take measures ensuring verification of the reliability of the submitted documents. 

3. Additional requirements for the list of documents to be submitted by the borrower may be established by the National Bank. 

Article 6. Terms and Conditions of the Consumer Credit Agreement 

1. The consumer credit agreement shall contain the following:

1) the borrower's last name, first name, and patronymic, along with the details of the identity document (a passport or an ID card) and place of residence;

2) the name and the organizational and legal form of the lender;

3) information about the subject of the consumer credit (funds, goods, works, or services);

4) the total amount of the consumer credit and the validity period of the agreement;

5) means of securing the obligations (if any);

6) the interest rate or the markup, the total value of the consumer credit, and the annual effective interest rate, in the cases and in accordance with the procedure established by the banking legislation of the Kyrgyz Republic;

7) the procedure and the deadlines for extending and repaying the amount of the consumer credit;

8) rights and obligations of the parties;

9) the customer’s right to refuse to receive the consumer credit free of charge during the period after the agreement has been concluded and before the customer receives the funds;

10) the customer’s right to repay the consumer credit early at any time without any fees, penalties, or other payments;

11) the terms and conditions for providing customer information to credit bureaus, as well as other instances of using customer data in accordance with the banking legislation and the personal data legislation of the Kyrgyz Republic;

12) the lender’s obligation to cease accruing penalties (fines, late fees) 15 days after the date of sending the notice regarding the initiation of the foreclosure procedure against the pledged item under the consumer credit, provided that the amount of penalties (fines, late fees) accrued over the entire period of the consumer credit shall not exceed 10 percent of the amount of the extended consumer credit;

13) responsibility of the parties;

14) the procedure for amending and terminating the agreement;

15) the terms and conditions for the occurrence of the acts of God (force majeure);

16) other terms and conditions stipulated by the legislation of the Kyrgyz Republic. 

2. If the amount of the payment made by the borrower under the consumer credit agreement is insufficient to fully fulfill the obligations, the debt under it shall be repaid in accordance with the order of priority established by the civil legislation of the Kyrgyz Republic. It is not permitted to change the order of repayment by agreement of the parties. 

3. The amount, the method of calculation and application of liability measures (penalties, fines, late fees) under the consumer credit agreement shall be determined by the banking legislation of the Kyrgyz Republic. The agreement may not provide for any other liability measures. 

4. The total amount of accruals (including interests (the markup), fees, penalties, fines, and late fees), including in the case of restructuring the consumer credit, may not exceed 60 percent of the amount of the extended consumer credit. 

5. Consumer lending must be implemented in accordance with the requirements for disclosure of information and responsible lending pursuant to the banking legislation of the Kyrgyz Republic. 

Article 7. Calculation and Application of the Borrower’s Debt-to-Income Ratio 

1. The lender shall be obliged to calculate the borrower’s debt-to-income ratio on a case-by-case basis in the following cases:

1) making a decision to extend the consumer credit, including for the purposes of refinancing another consumer credit;

2) changing the terms and conditions of the agreement, resulting in an increase in the average monthly payment or the extension of the agreement’s validity period;

3) other cases specified by the regulatory legal acts of the National Bank. 

2. The borrower’s debt-to-income ratio shall be calculated by the lender in percentage terms, as close as one decimal place, as the ratio of the amount of the average monthly payments on all debt obligations of the borrower, including the consumer credit for which the application is being considered, to the borrower’s average monthly income, based on the data available to the lender. 

3. The lender shall be obliged to set forth in its internal documents the procedure for calculating the amount of the borrower’s average monthly payments and average monthly income in accordance with this Law and the regulatory legal acts of the National Bank. 

4. If the borrower’s debt-to-income ratio, calculated in accordance with this article, including in the case of credit refinancing, exceeds 60 percent, the lender shall be obliged, prior to concluding the agreement, to notify the borrower, against signature, of the risks of default and the possible application of liability measures against the borrower, except for the case, where the lender refuses to continue lending to the borrower or demands full early repayment of the consumer credit in accordance with the terms and conditions of the agreement. In such a case, the consumer credit may be extended only with the borrower’s written consent confirming that the borrower is aware of the risks. 

The National Bank shall be entitled to establish additional credit risk management requirements for lenders, including imposing restrictions based on the level of the debt-to-income ratio, credit concentration, interest rates, and other parameters. 

5. The borrower’s acknowledgment of the notices specified in Part 4 of this article shall be confirmed by the borrower’s handwritten signature or by other means stipulated by the legislation of the Kyrgyz Republic governing the digital environment. 

6. The borrower's debt-to-income ratio shall not be calculated when the terms and conditions of the agreement are amended at the borrower’s initiative, if the amendments provide for a reduction in the amount of payments or the suspension of payments. 

7. To mitigate the risks related to the concentration of consumer credits, the lender shall be obliged to comply with the economic ratios, restrictions and other requirements established by the banking legislation of the Kyrgyz Republic. 

Article 8. The Total Value of the Credit 

1. The total value of the consumer credit includes all expenses incurred by the borrower that are directly related to receiving and servicing the consumer credit, including:

1) interests accrued at the nominal interest rate;

2) the markup under the agreements concluded under the terms of the principles of Islamic finance;

3) the markup representing the difference between the price of goods, works, or services and the amount actually paid by the borrower in installments (differed payment) through the lender;

4) insurance expenses directly related to receiving and servicing the consumer credit (if any);

5) notary services and government fees directly related to the conclusion of the consumer credit agreement;

6) indirect taxes and other mandatory payments directly stipulated by the legislation of the Kyrgyz Republic. 

Other payments, except for those specified in this article, may not be charged to the borrower, except for paid additional services not related to receiving and servicing the consumer credit, provided at the borrower’s request with the borrower’s consent to pay for them, and not falling under the services provided free of charge in accordance with the legislation of the Kyrgyz Republic. 

2. The nominal interest rate on the consumer credit, calculated based on the terms and conditions of the agreement, may not exceed 0.08 percent per day. The interest under the consumer credit agreement shall be accrued at the nominal rate on the decreasing balance of the principal amount of the credit. 

If the consumer credit is provided in the form of installment (deferred) payment without the accrual of the interest, the value of goods, works, or services may not exceed the price that would apply if paid in full at once. Any increase in the value of goods, works, or services is permitted only if the markup is charged to the debt, equivalent to the amount of the interest at the rate not exceeding 0.08 percent per day. 

The National Bank shall be entitled to set different interest rates or markups for lenders, not exceeding the values specified in this part, in order to ensure financial stability and protect consumer rights, taking into account the state of the consumer credit market. 

3. The total value of the consumer credit and the effective interest rate shall be subject to mandatory disclosure to the borrower prior to the conclusion of the agreement, in accordance with the procedure stipulated by this Law. 

4. It is prohibited to use accrual methods or terms that distort the total value of the consumer credit or provide for the indexation of payments linked to a currency other than the currency of the credit agreement. 

Article 9. Amending and Terminating the Consumer Credit Agreement  

1. The terms and conditions of the consumer credit agreement may be amended by mutual agreement of the parties or in accordance with the procedure stipulated in the agreement, unless otherwise provided by the banking and civil legislations of the Kyrgyz Republic. 

2. The borrower shall be entitled to terminate the consumer credit agreement in the cases and in accordance with the procedure stipulated by the banking and civil legislations of the Kyrgyz Republic or by the agreement. 

3. The lender shall be entitled to unilaterally terminate the consumer credit agreement if the borrower has not utilized the extended consumer credit within one month from the date of concluding the agreement, by notifying the borrower thereof and refunding to the borrower all amounts paid (if any), as well as in other cases stipulated by the banking and civil legislations of the Kyrgyz Republic and the consumer credit agreement, provided that this does not impair the borrower’s rights and/or increase the borrower’s obligations. 

4. The borrower shall be entitled to fulfill the obligations under the consumer credit agreement early at any time, completely or partially, without paying penalties, fees, or other sanctions. In the case of complete or partial early repayment of the consumer credit, the lender shall be obliged to recalculate the borrower’s obligations under the consumer credit agreement, adjust the payment schedule, and the total amount of the interest (the markup) payable, in proportion to the reduced principal debt amount. Confirmation of the change or full fulfillment of obligations shall be provided to the borrower in a written or electronic form upon the borrower’s request within a period agreed upon with the borrower, but not exceeding 5 business days. 

5. When extending the consumer credit in the form of the installment (deferred) payment of goods, works, or services, the borrower shall be entitled to terminate the agreement and demand the refund of the amount paid or the replacement of goods (works, services) of the improper quality in accordance with the procedure established by the agreement. 

6. The consumer credit may not be refinanced for more than 2 times. 

Article 10. Rights and Obligations of the Borrower  

1. The borrower shall be entitled to:

1) review the terms and conditions of the consumer credit before concluding the agreement;

2) receive reliable, complete, and comprehensible information about the consumer credit being received, including all associated expenses, both as absolute amounts and as the effective interest rate;

3) require the lender to properly fulfill the terms and conditions of the agreement within the specified deadlines;

4) claim compensation for losses caused by the failure to fulfill or the improper fulfillment of obligations under the consumer credit agreement;

5) fulfill the obligations under the agreement completely or partially in advance, without penalties, fees, or other sanctions;

6) suspend the fulfillment of obligations under the consumer credit agreement, provided in the form of the installment (deferred payment) in fulfilling the monetary obligation to pay for goods, works, or services, if such goods, works, or services are of the improper quality or have not been provided at all, until the seller has properly fulfilled its obligations in accordance with the procedure established by the Law of the Kyrgyz Republic “On the Protection of Consumer Rights”;

7) if it is impossible to replace goods (works, services) of the improper quality, demand the refund of the amounts paid; in such cases, the lender shall be obliged to recalculate the borrower’s obligations and refund the payments made by the borrower, with the right of recourse against the seller. 

2. The borrower shall be obliged to:

1) provide the lender with reliable information and documents necessary for the conclusion and the execution of the consumer credit agreement;

2) use the received consumer credit in accordance with the terms and conditions of the agreement (if the consumer credit is provided in a monetary form);

3) repay the received consumer credit and pay the interest, the markup or other payments in accordance with the procedure and within the deadlines established by the agreement;

4) notify the lender in a timely manner of any changes in contact information, place of residence, or significant deterioration in its financial situation. 

3. The borrower shall have other rights and bear other obligations in accordance with the banking and civil legislations of the Kyrgyz Republic and the agreement. 

Article 11. Rights and Obligations of the Lender 

1. The lender shall be entitled to:

1) extend the consumer credit in the manner and within the periods stipulated by the agreement;

2) request information and documents from the borrower that are required to conclude and execute the consumer credit agreement;

3) demand early repayment of the consumer credit and payment of the interest (the markup) in the cases stipulated by this Law, the banking legislation, the civil legislation of the Kyrgyz Republic, and the agreement;

4) offer the borrower to conclude an agreement on the insurance of the borrower’s liability to the lender or of the liability related to the fulfillment of the borrower’s obligations under the consumer credit, in accordance with the procedure and within the limits established by the insurance legislation of the Kyrgyz Republic. 

2. The lender shall be obliged to:

1) provide the borrower with reliable, complete, and accessible information about its rights and obligations, the risks associated with receiving the consumer credit and with breaches of its repayment terms, the terms and conditions for extending the credit, including information about the total value of the consumer credit in absolute terms and as the effective interest rate, and the possibility and the procedure for amending the terms and conditions of the agreement;

2) post the terms and conditions and the rules for extending the consumer credit at the service location and on the official website (if any);

3) compensate the borrower for losses caused by the violation of the lender's obligations under the consumer credit agreement;

4) when receiving goods, works, or services by the borrower using the consumer credit with the installment (deferred payment) in fulfilling the monetary obligation to pay, and when receiving the notice from the borrower regarding the improper quality or the non-receipt of the aforementioned goods, works, or services, suspend the fulfillment of obligations under the agreement until the claims against the seller are resolved, followed by the recalculation of the borrower’s obligations;

5) if it is impossible to replace goods, works, or services of the improper quality that have been provided through the consumer credit with the installment (deferred payment) in fulfilling the monetary obligation to pay, return to the borrower the amounts paid under the consumer credit agreement, with the lender retaining the right to make recourse claims against the seller;

6) report information to the credit bureau regarding the borrower, its obligations under the consumer credit agreement, and their fulfillment, in the manner and to the extent established by the legislation of the Kyrgyz Republic on the exchange of credit information;

7) comply with the requirements of the legislation of the Kyrgyz Republic regarding the protection of personal data, banking and other secrecy protected by the legislation;

8) not charge fees, duties, and payments to the borrower that are not stipulated by the banking legislation or the agreement;

9) comply with the requirements of the advertising legislation and bear responsibility for unreliable or incomplete advertising;

10) ensure that the borrower has the right to choose whether to conclude or refuse to conclude an insurance agreement in connection with receiving the consumer credit, except in cases where mandatory insurance is expressly stipulated by the legislation of the Kyrgyz Republic in the field of insurance. 

3. The lender shall have other rights and bear other obligations in accordance with the legislation of the Kyrgyz Republic and the agreement. 

Article 12. Securing the Fulfillment of Obligations Under the Consumer Credit Agreement 

1. The fulfillment of the obligations by the borrower under the consumer credit agreement may be secured by guarantees, sureties, pledges of property, securities, or cash, and other forms of security expressly stipulated by the banking and civil legislations of the Kyrgyz Republic and the agreement. 

2. The solvency of persons providing a guarantee and/or a surety shall be assessed in accordance with the procedure established by the banking and civil legislations of the Kyrgyz Republic. 

The provision of the security is not a mandatory condition for extending the consumer credit.

Life and health insurance or insurance covering other personal risks of the borrower shall not be recognized as the security for the fulfillment of obligations under the consumer credit agreement. 

Article 13. Assignment of the Right to Claim Under the Consumer Credit Agreement  

1. The lender shall be entitled to assign the right to claim under the consumer credit agreement, provided that the borrower has given its prior written consent in accordance with the banking legislation of the Kyrgyz Republic. In this case, the borrower shall retain all rights and obligations toward the new lender as provided to it by the legislation and the agreement. 

2. The lender shall assign the right to claim in accordance with the procedure established by the banking legislation of the Kyrgyz Republic. 

3. When assigning the right to claim under the consumer credit agreement, the lender shall be entitled to provide the new lender with the information necessary for the proper fulfillment of the borrower’s obligations under the agreement, including information about the amount of the debt, the payment schedule, the accrued interest (the markup), and the provided security. The transfer of such information shall be permitted only to the extent necessary for the fulfillment of the assigned obligations and in accordance with the procedure established by the legislation of the Kyrgyz Republic on personal data and banking secrecy. 

4. A person to whom the right to claim under the consumer credit agreement has been assigned shall be obliged to comply with the requirements of the legislation of the Kyrgyz Republic regarding the protection of personal data, as well as regarding banking and other secrecy protected by the law; to ensure their confidentiality and security; and to bear responsibility for their disclosure in accordance with the procedure established by the legislation. 

5. A person to whom the right to claim under the consumer credit agreement has been assigned shall be obliged to ensure that information regarding the fulfillment of the borrower’s obligations under the agreement is reported to the credit bureau in accordance with the procedure established by the legislation of the Kyrgyz Republic on the exchange of credit information. 

The lender transferring the right to claim under the consumer credit agreement shall be obliged to include a provision in the right of claim assignment agreement requiring the transfer of information about the fulfillment of the borrower’s obligations to the credit bureau. 

Article 14. Resolution of Disputes and the Procedure for Protecting the Borrower’s Rights  

1. Disputes arising from consumer credit agreements shall be resolved in a judicial manner or through extra-judicial forms stipulated by the legislation of the Kyrgyz Republic, including mediation. 

2. The borrower and the lender shall be entitled to resolve the dispute through the pre-trial process, including by filing a complaint with the credit organization and the National Bank, as well as with other authorities and organizations authorized to consider complaints from consumers of financial services, or by any other means stipulated by the legislation in the field of dispute resolution. 

3. The disputes may be resolved through the extra-judicial form using mediation in accordance with the procedure established by the legislation of the Kyrgyz Republic on mediation. 

4. Pre-trial or extra-judicial resolution of the dispute shall not limit the parties’ right to apply to the court in accordance with the procedure established by the procedural legislation. 

Article 15. Liability for the Violation of This Law  

1. The violation of the terms and conditions for extending the consumer credit, including concealing the total value of the consumer credit, misleading the borrower regarding the terms and conditions of the agreement, or charging fees or payments not stipulated by this Law, shall entail civil, administrative, and other liability in accordance with the legislation of the Kyrgyz Republic, as well as the lender’s obligation to reimburse the borrower for expenses related to the aforementioned violations. 

2. If the interest rate or the markup exceeds the values set forth in Article 8 of this Law, the lender shall bear liability, which includes:

1) the recalculation of the borrower’s debt amount in respect of the interest (the markup) on the consumer credit at the nominal rate (the markup) not exceeding the amount established by this Law as of the date the agreement is concluded, and the application of any excess amounts charged toward repayment of the borrower’s principal debt or their refund to the borrower;

2) the imposition of the fine in accordance with the Code of the Kyrgyz Republic on Administrative Offenses and/or other enforcement measures in accordance with the banking legislation. 

3. The application of the liability measures stipulated in this article shall not relieve the lender and the borrower from fulfilling their contractual obligations to the extent that such obligations do not conflict with this Law. 

Article 16. Enactment of This Law 

1. This Law shall come into effect ten days after the date of its official promulgation. 

Published in the newspaper “Erkin Too” No. 83 dated October 31, 2025  

2. The National Bank of the Kyrgyz Republic shall, within six months from the date this Law comes into effect, bring its regulatory legal acts into compliance with this Law. 

3. This Law shall apply to consumer credit agreements concluded after the date on which it comes into effect. 

4. Amendments and addenda to consumer credit agreements concluded prior to the enactment of this Law shall be made in accordance with the rules established by this Law, provided that such amendments are made after its enactment.