Redeem your loan at a discount -

Redeem your loan at a discount

Russians may be allowed to buy their loans at a discount.

Redeem your loan at a discount

The Ministry of Economic Development has developed amendments that oblige the creditor to transfer the debt to a third party before offering it at the same price to the debtor himself.
Taking into account the fact that the debts of citizens are usually resold at a great discount, we can actually talk about writing off the debt.
At the end of July, amendments on "mortgage vacations" entered into force in Russia. They can be taken by borrowers who are faced with difficult life circumstances. But their situation must satisfy certain requirements, otherwise the bank may refuse to vacation.

The measures that the Ministry of Economic Development proposes should help further reduce the debt load on citizens.

New rules will apply to banks and MFIs.

Source: Russian newspaper

30.08.2019 09:09:17
(Automatic translation)

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