Fines are postponed until later – Kommersant FM
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The State Duma proposes to change the scheme for repaying loan debts. According to current rules, bank clients must first pay off fines and penalties, and only then the principal and interest. According to the authors of the initiative, after paying penalties, Russians have no funds left to repay the principal debt, and the debt is not liquidated. Therefore, deputies propose to first pay off the arrears on interest, then on the remaining loan amount, and only lastly pay fines and penalties.
Initially, the initiative was taken by the government. The State Duma Committee on the Financial Market has already recommended adopting the document in the second reading. According to Pavel Shapkin, Chairman of the National Union for the Protection of Consumer Rights, this approach looks fairer. However, he said, there are more effective ways to support borrowers:
“They constantly find themselves in uncomfortable positions. If you pay penalties and fines, you may not have time to repay the main part. Banks will not change anything voluntarily. People do not take out loans because they have a good life, and many are simply forced to take out additional loans because their existence depends on it.
In general, it’s time to introduce a moratorium on loan payments. I mean small borrowers, not those who have borrowed millions of rubles.
If we are talking about a loan of up to 500 thousand rubles, then we can provide a credit holiday. We had this practice during the COVID-19 pandemic, but now the situation is no better.”
As of September 2023, the total amount of overdue debt on retail loans exceeds 1 trillion rubles. At the same time, the Federal Bailiff Service reported that the amount of debt of Russians to banks that is subject to collection reaches almost 3 trillion rubles. At the same time, the number of enforcement proceedings itself has increased by 22% since the beginning of the year compared to 2022.
However, the general director of the analytical agency BusinessDrom, Pavel Samiev, notes that the total debt of Russians on loans, although it has increased, has not yet reached a critical level. And changes in the rules for payment of overdue loans, in his opinion, will not affect financial organizations:
“This does not change the overall configuration much. The fact is that the borrower may have the resources to pay part of the debt, but then it runs out, and more serious problems arise due to the fact that the client cannot service his loan.
And here there is a question – what is the priority in this order? But for banks, the answer to this question, I would not say, is fundamental.
At the same time, over the past couple of months, overdue mortgage lending has increased quite sharply, although it still remains at a moderate level. However, there is some smooth growth in almost all credit segments, and a deterioration in the quality of portfolios.
If banks had slowed down issuing loans, perhaps the share of overdue loans would not have increased as much. But the situation is not critical yet.”
According to the Central Bank, the volume of overdue mortgage loans reaches almost 70 billion rubles. However, their share over the last two years has not exceeded 1% of the total volume of issued housing loans.
Everything is clear with us – Telegram channel “Kommersant FM”.
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