Search

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.

LOAN APPLICATIONS OF 60% RUSSIANS WERE REJECTED IN 2020

According to statistics of the National Bureau of Credit Histories, in 2020, only 33.9% of Russians received retail loans approval from banks. As a result, the three-year anti-record was cut. As noted by RBC, this is due to the tightening of the banks' policies,... ... 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.

Sorted by relevance | Sort by date