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What will happen to loans during partial mobilization 2022. Law on loan holidays, details and explanations

The State Duma approved the law on credit holidays for the mobilized.

The State Duma approved the law on credit holidays for the mobilized.

A photo: Evgeniya GUSEVA

The State Duma approved the law on credit holidays for the mobilized. It still has to be approved by the Federation Council and the president, but it is clear that this will not be the case. Meanwhile, the Central Bank has already given clarifications on how the new credit holidays for the mobilized will work. So, how to pay loans during mobilization.

WHO IS ELIGIBLE FOR “CREDIT HOLIDAYS”

As stated in the explanation Central Bank all those who, prior to mobilization, took out a mortgage, any consumer loan or microloan. All participants in the special military operation will have this right. That is, not only those who were mobilized, but also those who already serve there under a contract or in the troops of the National Guard.

The same rights are also available to family members who are dependents of the participants in the SVO.

You can apply – in any case, as it now follows from the law – for vacations on a loan until the end of 2023.

FOR HOW LONG WILL THE DELIVERY BE GIVEN

For the duration of service under the contract or participation in the SVO plus 30 days. “Holidays” can be additionally increased if the defender, due to injuries, injuries, concussions, etc., ends up in a hospital or hospital for treatment.

This point has already raised questions – since the terms of “participation in the NWO” are completely incomprehensible. Experts suggest that banks will somehow settle this issue – for example, they will indicate a short period of time from the bulldozer, and then extend it.

It is clearer with the parameters of the holidays themselves. Here is what the Central Bank explains:

“While they continue, the creditor is not entitled to charge fines for overdue debt, enforcement proceedings are suspended if it has already been started. However, interest on the debt continues to accrue:

– for consumer loans and loans, as well as for credit cards – in the amount of 2/3 of the average market value of the total cost of the loan established by the Bank of Russia on the date of applying for vacation (but not higher than the initial interest rate under the agreement);

– for mortgage loans – at the rate determined by the agreement, but as if the borrower continued to make payments in full (that is, with each payment period, the interest base decreases).

At the same time, the loan repayment period is extended, at least for the vacation period – so that after the end of the grace period, the amount of monthly payments does not increase.

An exception is a very bad situation: if the mobilized borrower died or became a disabled person of the 1st group. Then the debt should be written off.

WHERE AND HOW TO APPLY

To your creditor – a bank, a microfinance organization, etc. This can be done “by any method specified in the loan agreement, for example, by regular or e-mail,” the Central Bank says.

Documents confirming participation in the SVO can be attached to the appeal. But if at the time of the application there is no such possibility, the bank itself will request them from the Ministry of Defense or other departments. And if you still have to request them from the borrower, then he is obliged to provide them at the end of participation in the SVO.

The request for vacation of the mobilized must be considered within 10 days. They can refuse only if the fact of mobilization and participation in the SVO is not confirmed. If within 15 days from the date of the appeal the bank did not respond to it in any way, we can assume that the credit holidays have actually begun.

QUESTION EDGE

Will young men now be denied loans?

Such signals already exist.

“Some banks began to refuse — as they say, temporarily — in approving mortgages for men of military age,” a member of the Moscow Realtors Guild told KP Roman Vikhlyantsev. – And in some places they have also begun to raise mortgage rates – despite the fact that the Central Bank’s rate is not rising. Basically, these are second-hand banks – not the largest with state participation.

– It is too early to make any generalizations. But from the point of view of banking risk management, the situation is now really incomprehensible. After all, banks must somehow take into account the increased risks of non-repayment of loans and deferral of payments and not violate the standards of the Central Bank. For example, in the event of a completely unfavorable event, will the debt cancellation be at least partially compensated? – comments Alexander Tsyganov, Head of the Department of Mortgage Housing Lending and Real Estate Financial Instruments of the Financial University. – In my opinion, here we need a clear position of the Central Bank and the state in a broader sense – who should take risks and possible losses, to what extent they will be taken over by state bodies.

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