Starting from October 23, banks and microfinance institutions will be required to indicate not only the minimum rate but also the maximum rate in loan announcements. The Central Bank announced this in its official statement. telegram channel.
According to the regulator, the innovation will affect text advertising messages, including audio ads, as well as publications on websites and mobile applications. The Central Bank requires that all information about the cost of the loan be displayed in the same font as the most attractive interest rates. According to the Central Bank, this will allow borrowers to pay attention to additional conditions and more consciously evaluate their financial burden.
The other day economist Andrei Barkhota criticized Previous decision of the Central Bank. He believes that tightening the conditions for granting consumer loans can significantly worsen the situation in the market and lead to increased social tension.
Barhota noted that about two-thirds of Russians are already in a region with a high debt burden, and most new consumer loans are used only to pay off previous debts. In this regard, the economist believes that a reduction in the level of loan approvals and significant restrictions on their provision to the population will only worsen the situation of the most vulnerable segments.
It was previously known how many Russians there were relating to in the extension of concessional loans.