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THE CENTRAL BANK PROPOSED TO CHANGE THE STRUCTURE OF THE MICROFINANCE MARKET

... faced by companies that finance, for example, entrepreneurs or provide installments. And they not only do not create risks, but also stimulate the supply of services and goods. "The main changes will affect the market of the most expensive consumer loans," the Central Bank said. Today, the regulator explains, a large volume of such consumer loans is provided at the highest possible interest rate, regardless of the "quality of the borrower." A third of them are reissued, and unpaid interest is transferred ...

LOAN APPLICATIONS OF 60% RUSSIANS WERE REJECTED IN 2020

... with high risks due to the coronavirus. The situation began to be compared with the pre-crisis indicators only by November. However, some experts believe that the pandemic is not the only factor in the current situation, since the number of approved loans has gradually decreased over the past few years. This is associated with the measures of the Central Bank, which oblige to take into account the indicator of the debt burden of a potential client.

BANKS HAVE RAISED CREDIT CARD RATES

... credit card rate has reached 99.9%. Experts explain that such changes are related to the moratorium imposed by the Central Bank. According to it, the maximum rates of credit institutions are not limited from January 1 to March 31 of the current year. The Central Bank explained the introduction of the moratorium by the underestimated indicators of a number of banks on credit cards in the third quarter of last year. These data serve as the basis for calculating the maximum full cost of the loan in the first quarter of 2025. According to the rules of the Bank of Russia, the maximum total cost of a loan cannot be more than a third higher than the average market rate.

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