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BANKS HAVE RAISED CREDIT CARD RATES

... 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.

THE LITERACY TEST WAS PROPOSED TO BE MADE MANDATORY WHEN RECEIVING THE FIRST LOAN

The State Duma proposed to make a mandatory financial literacy test for citizens applying for a loan for the first time. The author of the initiative is Alexander Demin, deputy head of the New People party. According to TASS, the corresponding proposal was sent by the State Duma deputy to the head of the Central Bank, Elvira Nabiullina. According ...

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, while the most tangible increase in refusals was observed in the field of car loans. If in 2019 almost 57% of applications ...

ALFA-BANK RAISES THE INITIAL MORTGAGE PAYMENT

... of housing, the bank told TASS. The initial payment on the Far Eastern and Arctic preferential mortgages will also increase - from 20.1% to 30%. The change will spread to new customers of the credit institution. Earlier it became known that Russian banks have been introducing a new commission since October – about 6.5% of the loan amount - on mortgages under market programs. The fee will apply to housing developers or borrowers themselves. The new mortgage commission will affect transactions for the purchase of primary and secondary housing, as well as private homes. It already ...

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