While getting a loan is always easy, often the actual payments are much higher than the calculated ones. This is because various commissions are mostly hidden in the loan agreement, which can also be found on the banks’ website. About this “Prime Minister” stated lawyer Elena Kuderko.
“The law forced banks to remove all hidden fees, but they kept them in rule texts, public contracts, and other multi-page and complex documents posted on the banks’ website, only some of which were printed on paper in small print.” Kuderko said.
According to him, there were increased rates for early repayment of loans, as well as unexpected new commissions. For example, they may appear at a bank office when cashing, withdrawing or making a payment on a loan. Also, banks always include insurance in their contracts, even though the institutions themselves are insured against the risks. Therefore, in this case, the insurance becomes only an additional product sold by the bank.
He added that any loan always has interest, that is, it is paid. Therefore, any “0% credit” promotion is a marketing ploy. As a result, when applying for a loan with a bank, you need to know that no matter what, you will never suffer a loss. But for the borrower’s budget, this can be a serious test.
Izvestia newspaper, referring to a letter sent by the public institution Opora Rossii to the Ministry of Finance and Economic Development in mid-December, WroteHe said small and medium-sized businesses are seeking an extension of the bank fee reimbursement program to 2023 for payments made through the Fast Payment System (FPS).