The Finance Committee of the State Duma softened some of the wording in the bill on changing the calculation of the full cost of the loan (TCP). In this respect writer “Kommersant”.
In particular, the deadline for unsecured loans has been removed and the ban on advertising interest rates has been lifted. However, the statement that all the actual expenditures of the borrower, which the bankers objected to, should be included in the PSK was preserved.
Market participants agreed that the TIC calculation approach needs to be changed and made more transparent. In addition, the competition in the unsecured consumer loan market is very high, so some credit institutions resort to marketing tricks to hide some of the cost of the loan in other linked products. But the current bill does not completely solve these problems, and banks will find new ways to combine products and other services.
Lawyers believe that the amendments to the law do not adequately protect the rights of debtors, but are instead aimed at providing more information and visibility on the terms of contracts. Therefore, in the future, banks can create their advertising campaigns according to the TFR range.
In early April, the Central Bank of Russia knowledgeableFrom May 30, it will limit extremely low-risk mortgages issued after March 15, 2023.
Previously reportedthat small and medium-sized enterprises attracted 232 billion rubles under PSK.