In Kazakhstan, spouses will be prohibited from taking out large loans without the consent of their other half
From September 1, new rules come into force in Kazakhstan, according to which banks are required to obtain the consent of the second spouse for loans exceeding 1,000 MCI (3.6 million tenge). If consent is not obtained, the loan is subject to write-off.
From September 1, 2024, new rules approved by the financial regulator will come into force in Kazakhstan, according to which spouses will not be able to take out large loans without the consent of their other half. Now banks will be required to check whether the client is married, and if the loan amount exceeds 1,000 MCI (approximately 3.6 million tenge), the written consent of the spouse is required. Such consent can be provided both in writing and through the eGov portal. If the bank does not receive the required consent, the loan will be declared invalid, and the financial institution will be obliged to write it off. These measures are aimed at protecting family financial interests and reducing the risks of ill-considered credit obligations.
The editorial board is not responsible for the content and accuracy of material taken, sent or obtained from other sources. The publication of such materials is for informational purposes only and does not imply automatic endorsement or approval of their content.
