The largest Russian banks record a sharp increase in requests from citizens about credit vacation, and the score is in the hundreds and thousands of hits per day, soobaschet the newspaper “Kommersant”.
The interviewed bankers said the sharp increase in the number of customer requests in call centres about the deferred payments. Such dynamics is observed, in particular, Promsvyazbank, VTB, Sberbank, Post office Bank.
Thus, the Russians rushed to take advantage of the recently adopted Duma law on “vacation credit”.
However, bankers fear that opens the possibility to defer payments for six months will benefit even those whose well-being is not affected.
We will remind, yesterday the state Duma adopted in the third reading a law allowing citizens and small businesses to go on vacation credit due to the coronavirus.
The law allows borrowers-natural persons or individual entrepreneurs to exercise their right to delay payment of a loan for up to 6 months if their income for the previous month decreased by 30% and more percent in comparison with the average monthly income of the previous year. To go on vacation is possible no later than 30 September 2020. You will need to provide proof of reduced income during the 90 days after going to the Bank, including on the phone.
The borrower may request to defer payment of the loan or to reduce the size of the payments. During the vacation credit can not be charged penalties for late payment of principal or interest, the foreclosure on the collateral, etc.
In finalizing the law, MPs are allowed to exercise your right to vacation credit not only for subprime borrowers, but for those who pay the consumer loan. Adoption of a rule on the limitation of 2/3 in interest on consumer loans over the holiday period.
The vacation credit will be able to count also the small businesses but from the government list of industries that are most affected by the pandemic.
The Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Wave of devaluation held from 7 to 9 March and 18 March.
Reacting to the situation, the government and the Bank of Russia has prepared a plan of priority measures for the sustainable development of the economy. As explained by Prime Minister Mikhail Mishustin, “it’s kind of the anti-crisis plan, a set of operational activities that are necessary for stable socio-economic development”. “We will focus on supporting industries that were in a difficult situation, but primarily on the support of the people and providing them with goods of first necessity”, — stressed the head of the Cabinet of Ministers.
In addition, the Central Bank has approved measures to support citizens, the economy and the financial sector in a pandemic COVID-19. The authorities are also preparing additional measures to support the population and economy as a whole and its separate sectors.
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