How to get credit holidays from VTB in 2024?

Regarding VTB Bank's credit holidays in 2024

Previously, the Government had already introduced credit holidays for citizens facing financial hardship. Back then, the reason for introducing such a measure was the coronavirus pandemic, which left thousands of people without work and a stable income.

Now Russians are once again experiencing financial difficulties. Therefore, on March 8 of this year, the State Duma adopted amendments to Federal Law No. 106, allowing borrowers to legally obtain a grace period on loans.

Who can apply for credit holidays at VTB in 2024?

Not every borrower can apply for a loan grace period. Only those citizens who have lost more than 30% of their earnings compared to the previous year qualify under the law.

When applying for credit holidays, you need to consider your earnings for the previous month. That is, when applying in August, the income level at the end of July is taken into account, and when applying in September, at the end of August.

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Conditions for granting the grace period

You can get credit holidays for any type of consumer loan if it meets the requirements of the Federal Law. In particular, it must not exceed the established limits:

• the amount of the consumer cash loan must not exceed 450,000 RUB;
• the amount of the car-secured loan is 1.6 million RUB;
• the credit card limit is 150,000 RUB.

When granting a grace period, the remaining debt as of the application date is not taken into account, but rather the loan amount specified in the agreement. 

How to get credit holidays from VTB in 2024?

To obtain a loan grace period, borrowers need to submit an application through the contact center at: +7 (800) 100-24-24 or 1000. You will also need to provide documents confirming income reduction, job loss, or temporary disability.

How to get a loan grace period?

• via the chatbot in VTB Online;
• via the bank's contact center (at number 1000)

Answering frequent questions

To conclude the article, we will answer the most frequently asked questions on the topic.

Until what date can applications for credit holidays be submitted?

You can submit an application at any time. Starting January 1, 2024, the service became available on a permanent basis.

Can I apply for credit holidays for multiple products at once?

Yes, you can get a deferral simultaneously for several products issued with VTB.

Can I exit the program ahead of schedule?

Yes, if your financial situation allows you to return to the previous payment schedule.

For how long can I arrange a grace period?

The maximum duration of credit holidays at VTB is three months.

Will the bank accrue interest during the credit holidays?

Yes, the bank will accrue interest at the rate of ⅔ of the Central Bank's weighted average rate.