Early repayment to save on interest can be dangerous. This was told by Director General of the legal company Urvista Alex Petropolskaya, reports the Agency “Prime”.
According to experts, if the company is not sure if she’ll be able to cope with the consequences of the crisis, the money is better “to”spread” on as long as possible”.
Petropolskaya added that if we are talking about an individual, almost all mortgages in Russia is paid in annuity payments, that is, in the first half of the term loan extinguished only accrued interest. Therefore, early repayment payment for the second half of the term is meaningless, said the expert.
Earlier it was reported that in April 2020, the proportion of debtors who refuse to pay on loans due to job losses reached 30 percent. A year ago the lack of explaining the non-payment of 18 percent of Bank customers. The proportion of debtors who do not pay their loans due to financial difficulties, has increased to 60 percent in April (10 percentage points per month). In addition, up to 40 per cent increase in the proportion of those who link their financial difficulties with a drop in revenues (+10 percentage points).
