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31.10.24 15:54
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Updated: 31.10.2024
CENTRAL BANK

The Central Bank has simplified loan repayments for IFC clients

The maximum overpayment on consumer microloans is being reduced from 130% to 100% of the debt amount. Customers will also receive special protection preventing them from taking out a new microloan before settling the previous one. A three-day "cooling-off period" will come into effect — it will be impossible to take out a new loan for 3 days after paying off the previous debt. Such measures help reduce the financial burden on borrowers and [...]
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Evgenia Rozhkova
Sravnim24 editorial team
Evgenia Rozhkova

The maximum overpayment on consumer microloans is being reduced from 130% to 100% of the debt amount. Customers will also receive special protection preventing them from taking out a new microloan before settling the previous one. A three-day "cooling-off period" will come into effect — it will be impossible to take out a new loan for 3 days after paying off the previous debt. Such measures help reduce the financial burden on borrowers and prevent microfinance organizations from charging the client more than 100% of the borrowed loan amount.

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