"Cooling off" for online loans is shown in Kyrgyzstan.
Starting December 1, 2026, it will be impossible to get an online loan immediately in the amount of 50,001 som or more. Regulators introduce a mandatory waiting period to reduce the risks of reckless financial decisions.
For loans from 50,001 to 100,000 som you will have to wait 4 hours. For loans from 100,001 som the waiting period will be 12 hours. Also, the bank or the microfinance organization undertakes to establish a telephone contact with the customer for final confirmation of consent.
The new rules will affect all commercial banks and microfinance organizations. An exception would be loans for which the funds go directly to the seller or the service provider (for example, when purchasing goods in installments). Some additional provisions will come into effect on February 1, 2027.