How Does a Consumer Loan Work?

A consumer loan is borrowed money used for personal expenses. You repay it over time with interest — just like renting a tool from a friend and returning it with a thank-you gift. In this case, the “gift” is the interest rate you pay the bank.

There are two types:

• Targeted loans — the bank requires that funds be used for a specific purpose.

• Non-targeted loans — you can spend the money however you choose; the bank doesn't require a report.

Types of Consumer Loans

Unsecured Loans
Like borrowing from someone who trusts you — no collateral required. However, interest rates may be higher to cover the risk.

Secured Loans
You offer something valuable (like a car or property) as a guarantee. Think of it like leaving your ID when renting a bike — the bank is more confident, and you may get a lower interest rate.

What to Look for When Choosing a Loan

• Interest Rate:
  If the loan is a rental of money, then the interest is your rental fee. The lower it is, the less you overpay.

• Loan Term:
  A short term is like eating a cake all at once — it’s over quickly but can be intense. A longer term spreads out payments, but costs more overall.

• Extra Costs:
  Watch out for hidden fees and mandatory insurance.

Real-Life Example

Sabira dreamed of a new kitchen. Her salary covered daily needs, but not big purchases. She took out a consumer loan for 100,000 KGS over 2 years at an annual rate of 26.99%. Her monthly payment was about 5,438 KGS. A month later, she was cooking in a beautiful, modern kitchen — no more waiting for “someday.”

Pro Tip:

Always compare loan offers from different banks — just like shopping for a smartphone. Check the full terms before you commit.

A Smart Tool — When Used Wisely

A consumer loan can help you achieve your goals — if used responsibly.
The key is to evaluate your ability to repay and always read the terms of the agreement carefully.

How to Get a Consumer Loan from Bank Kompanion

Bank Kompanion offers several consumer loan options:

• Online loan — up to 200,000 KGS

• Installment purchases — up to 200,000 KGS

• Loans backed by money transfers — up to 100,000 KGS

• 15-minute express loans — up to 200,000 KGS

Steps to Get Your Loan

1. Submit your application

   • Apply online via the Kompanion app or on our website

   • Or visit a Bank Kompanion branch

2. Provide required documents
   Usually just your passport — requirements depend on the loan type

3. Wait for approval
   Most decisions are made in under 5 minutes

4. Receive the funds
   Either to your card or in cash at the branch

At Bank Kompanion, we aim to make getting a consumer loan as easy and convenient as possible.
Reach out — our experts will help you find the best option for your needs.