Photo: Igor Charsiew / “Kommersant”
The Bank is proposing to provide mortgage holidays Russians who find themselves in difficult life situations, including lost jobs. Details of the initiative, RIA Novosti revealed the first Deputy Chairman of the Central Bank Sergey Shvetsov.
The total duration of the period in which the borrower will be freed from having to pay a single loan may be 12 months, said Shvetsov. Each separate “vacation” may not last more than six months.
Thus, to take a vacation in one loan can be repeatedly. In the Central Bank suggest that in the period of the loan home borrowers will be able to decide whether to suspend payment in full or only to reduce their size.
The mass Exodus of borrowers for the holidays will not lead to problems with liquidity at banks, said Shvetsov. “We have a fairly large number of citizens prefer to pay faster than planned”, — said the Chairman of the Central Bank. The introduction of the mechanism of mortgage holidays can lead to lower interest rates and make housing loans more affordable for the Russians, he added.
In the fall of 2018 the number of mortgage loans in Russia, payments for which were made 90 days or more were at historically low levels. The share of “bad” mortgages last October was 1.9 percent. Two years ago this figure was approximately three percent in 2010 to seven percent.
Video, photo All from Russia.