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The term of unsecured loans may be shortened in Russia

A bill to limit the period for issuing an unsecured loan has been submitted to the lower house of parliament. It is proposed to reduce the term of such loans to five calendar years. Additionally, the document contains a legal development on changing the procedure for calculating the full cost of a loan product, as well as an obligation for banks not to impose additional services on borrowers. It was proposed to make an exception for consumer loans, which are provided for the provision of state or...

Modified: 12.29.2021
State Duma , State Duma of the Russian Federation , bill , consumer credit , bank , credit agreement , initiative
Path: РусБанкрот - СМИ

ALL-TIME MAXIMUM DEBT BURDEN OF POPULATION IS REPORTED IN RUSSIA

The debt burden of Russians, according to the Central Bank, has reached a record high. According to the information provided in the regulator's review, the amount of debt reached 11.9%, having updated the figure of March, according to the results of the first quarter of this year. According to the Central Bank of the Russian Federation, the unsecured consumer loans played a decisive role in the increase in indicators, says the review. During the pandemic, there was an increase in loan agreements...

Modified: 05.28.2021
consumer credit , Central Bank , debt load , mortgage loan , mortgage , debt , statistics
Path: РусБанкрот - СМИ

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