If the borrower fails to confirm within a specified time the right to receive vacation credit, the terms of the contract will revert to the former says the first Deputy Chairman of Sberbank Alexander Vedyahin. This means that is formed arrears, will be charged a penalty, worse credit history and a credit card will not be unlocked, he warns.
the Bank of Russia explained the procedure of interest accrual in the period of vacation credit
Therefore in the savings Bank are advised to delay applying for vacation credit days extended to may, and all applications in any case will be considered. In Sberbank have noted the trend to a mass appeal for a grace period on loans without documentary evidence that the financial situation of the borrower has really gone downhill – the rules meets only every tenth application.
the Law on the right to vacation credit entered into force on April 3, it refers to loans issued prior to that date. The holidays provided, if the official income of the borrower for last month fell by more than 30% compared to the average monthly income for 2019. Deferred payments can get a maximum of six months, there are limitations on the amount of the loan. Method of calculating monthly payments for the past year, the government must publish in the near future, said the head of the Bank of Russia Elvira Nabiullina.
in addition, in most banks, there are also individual benefit programs for borrowers.
