Translation. Region: Russian Federal
Source: Central Bank of Russia –
An important disclaimer is at the bottom of this article.
From this date, loans and credits from 50 thousand to 200 thousand rubles will be available for use only 4 hours after signing a consumer loan agreement with the client, and over 200 thousand rubles – after 48 hours. While the cooling-off period is in effect, a person has the right to refuse borrowed money. Such rules are established by law, which will help protect people from taking out loans and credits under the influence of fraudsters.
The cooling-off period will not apply to loans and credits of up to 50 thousand rubles, as well as mortgages, educational loans and car loans (if the money is transferred to the seller of the car – a legal entity). It will be possible to quickly purchase goods and services on credit only if a person comes to a store (organization). The deferment will not affect loans that are issued with the participation of a co-borrower or guarantors, as well as a trustee of the borrower. Without delays, it is possible to refinance previously issued loans and credits if the amount of the debt does not increase.
For more information on the cooling-off period and other innovations to combat credit fraud, see the section "Questions and Answers".
Preview photo: AngelaAllen / Shutterstock / Fotodom
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.