Article 59. Features of a bank loan for a military serviceman of the Law on Banks and Banking Activities in the Republic Kazakhstan

Home / Laws / Article 59. Features of a bank loan for a military serviceman of the Law on Banks and Banking Activities in the Republic Kazakhstan

1. The bank is prohibited from providing bank loans to conscripted military personnel during their military service in the Armed Forces of the Republic of Kazakhstan, other troops and military formations if there is information about the conscription of such a serviceman for military service in his credit report received by the bank before making a decision on granting a bank loan.

If a bank issues a bank loan to a military serviceman, if there is information about the conscription of such a military serviceman in his credit report received by the bank before the decision to grant a bank loan is made, the bank is not entitled to demand fulfillment of obligations under such a bank loan and no later than three working days from the date of revealing the fact of issuing such a bank loan Shall take the measures provided for in paragraph 7 of Article 58 of this Law.

2. Under a bank loan agreement, the bank is obliged to grant a military serviceman a deferral of payment on the principal debt and remuneration for a period including the term of military service and sixty calendar days after its completion, without accruing remuneration for the loan in accordance with the procedure established by the regulatory legal act of the authorized body specified in part three of paragraph 2 of Article 61. this Law.

3. The exchange of information on conscripted military personnel, as well as their dismissal, the presence or absence of a bank loan, and the granting of deferred payment on it is carried out by ensuring the interaction of information systems of government agencies and credit bureaus in accordance with the procedure determined by the authorized body in coordination with the Ministry of Defense of the Republic of Kazakhstan.

In the cases provided for in the first part of this paragraph, the collection, processing and use of personal data are carried out in accordance with the legislation of the Republic of Kazakhstan.

4. The requirements established by this article apply to branches of non–resident banks of the Republic of Kazakhstan and organizations engaged in certain types of banking operations.

The Law of the Republic of Kazakhstan dated January 16, 2026 No. 258-VIII SAM.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases