[NEWS] The Central Bank explained how to apply for credit holidays

Relatives themselves can apply to the bank for restructuring loans of mobilized citizens, according to the website of the Bank of Russia. The regulator clarified that lenders and credit bureaus should not worsen the borrower’s credit history.

Their close relatives (spouses, parents, children, adoptive parents, brothers, sisters, grandfathers, grandmothers, grandchildren) can also apply for restructuring of the loans of mobilized persons, the website says .

In addition, relatives of the mobilized person can also receive a deferment in paying off their own loan, if they are dependent on him.

The regulator also suggests submitting an appeal in other ways provided for by the loan agreement or loan agreement, for example, by regular or e-mail, through a mobile application or Internet banking. It can also be done by phone

The day before, the Central Bank recommended that financial institutions develop special programs for loan holidays and debt restructuring for mobilized citizens. In addition, it was proposed not to accrue fines and penalties under contracts, not to demand early fulfillment of obligations, to suspend the collection of overdue debts, and not to evict people from mortgaged housing.

The head of the State Duma committee on the financial market, Anatoly Aksakov, said that he was preparing a bill according to which vacations for paying consumer loans and mortgages would be provided to mobilized citizens automatically.