On & nbsp; Thursday, 18 & nbsp; November, the head of the & nbsp; Central Bank of the Russian Federation & nbsp; Elvira Nabiullina said the maximum rate could be cut by the regulator that & nbsp; on & nbsp; microloans, which is now set at & nbsp; 1% on & nbsp; day. The idea, in & nbsp; in turn, was supported by the Chairman of the State Duma Vyacheslav Volodin & nbsp; & mdash; according to & nbsp; he should think about & nbsp; people, and & nbsp; not & nbsp; about & nbsp; those who & nbsp; are engaged in usury on & nbsp; this topic.
The authors of the bill believe that & nbsp; its adoption & laquo; will facilitate reducing the debt burden of the population of the Russian Federation. '' The document was developed to & nbsp; to improve the protection of the rights of consumers of financial services.
The bill reduces the maximum interest rate under & nbsp; consumer credit or loan agreement with & nbsp; repayment period not & nbsp; more than one year from & nbsp; 1% to & nbsp; 0.8 % on & nbsp; day. As a result, the overall savings of borrowers on & nbsp; interest payments on & nbsp; loans may amount to about 5 billion rubles in & nbsp; year, which & nbsp; & laquo; will have a positive impact on & nbsp; availability of financial services for & nbsp; population and & nbsp; will help reduce the debt burden of citizens & raquo; .
According to the legislation, at the & nbsp; moment of concluding a consumer credit or loan agreement, its full cost may not & nbsp; exceed 365% per annum. For & nbsp; loans and & nbsp; loans with & nbsp; a repayment period of up to & nbsp; one year, interest and & nbsp; are not allowed to accrue interest and & nbsp; other measures of responsibility after their & nbsp; amount is & nbsp; 1.5 times the amount of the loan or loan. Thus, the maximum amount of all payments is limited to 150% of the & nbsp; amount of the loan (loan) provided.