Translation. Region: Russian Federal
Source: Mainfin Bank –
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How do loan holidays work for Russians now?
The opportunity to apply for credit holidays appeared for Russians during the pandemic – later the mechanism was finalized and implemented on a permanent basis. The borrower has the right to expect debt restructuring if the following conditions are met:
size loan does not exceed the established limit (from 150 thousand to 15 million rubles, depending on the type credit); previously, restructuring was not carried out, and a deferment for participants of the SVO or their close relatives under this agreement was not provided; the client's debt was not transferred for collection to the FSSP, the borrower is not undergoing bankruptcy proceedings; for mortgage contracts – the acquired housing is the only one; the citizen found himself in a difficult life situation associated with a deterioration in his financial situation.
The deferment is granted to borrowers who have lost their jobs, faced a decrease in income, an increase in debt burden, an increase in the number of dependents, and also if they live in an emergency zone.
What amendments does the Ministry of Finance propose to stimulate the birth rate?
The Ministry of Finance has developed amendments that will allow borrowers to receive a holiday when they have children. The deferment will work in two cases:
if the first child is born (adopted), income has decreased by at least 20%, and loan payments exceed 40% of the family budget – the benefit will be provided for a period of up to six months; if the second or subsequent child is born (adopted) – within 180 days you can contact the bank and get a holiday for a period of up to 18 months, six of which interest will not be charged.
The bill provides for the allocation of families into a separate group of persons who are eligible for the benefit. The measure is intended to improve demographics.
Will support measures for families be effective?
The idea of long credit holidays is an innovation supported by the authorities, including the Ministry of Finance and the government. It is assumed that the amendments will stimulate the birth rate and will temporarily improve the financial situation of families with children. However, banks criticized the initiative, considering the benefit excessive and even unfair.
“The social benefit in the form of credit holidays will be provided at the expense of banks – from those funds that could have been used to pay interest on deposits or dividends,” experts note.
At the same time, credit holidays remain a popular financial instrument – over a period of about a year, over 5 million Russians have submitted applications for restructuring, most of whom received deferments within the framework of their own banks' programs. Over 700 thousand borrowers have used the benefit provided by law.
09:00 05.08.2025
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