MOSCOW, 25 February. /TASS/. The Bank of Russia temporarily suspends the limitation on the full cost of a consumer loan when a lender enters into consumer loan agreements, the regulator said in a statement.
“In order to provide greater flexibility for lenders when working with clients, the Bank of Russia, using the right granted by Part 11 of Article 6 of Federal Law No. 353-FZ of December 21, 2013 “On Consumer Credit (Loan)”, temporarily suspends the restriction on the full cost consumer credit (loan) at the conclusion of consumer credit (loan) agreements by the lender. At the same time, the current matrix of macroprudential allowances for newly provided unsecured consumer loans remains unchanged (increased premiums for high TIC) and will encourage banks to raise interest rates on loans to citizens in a limited way,” the statement says. in the message.
The decision will come into force from the moment of official publication of the regulation of the Bank of Russia. The measure will be in effect until June 30, 2022.
