Instant loans under 1500% per annum may be prohibited. A draft law was submitted to the Council
[ad_1]
The Verkhovna Rada registered a draft of amendments to the law on consumer lending, which will limit the maximum amount of the real daily interest rate at the level of 0.8%. This is a third less than the current average level of 2.5%. This was written by the head of the National Bank, Andrey Pyshnyi, on Facebook.
Photo: vechirniy.kyiv.ua 0
►Read the “Ministry of Finance” page on Facebook: главные финансовые новости
Credit yoke
According to him, today financial companies engaged in microcredit are ready to instantly give out money at 1,500% per annum, without explaining the terms of the loan in detail.
“Unfortunately, then the loans received are often forced to be returned by relatives of the borrowers. It is an absolutely unhealthy practice, which for years creates the perception of lending as a kind of yoke and not as an effective financial instrument,” Pyshnyi said.
Limiting the interest rate should change this situation.
The bill also proposes to reduce the excessive debt burden on one consumer.
If the draft law is passed, the NBU will be empowered to establish requirements for checking the borrower’s creditworthiness on the part of financial companies.
“Such a check is not actually carried out today,” Pyshnyi said.
Violation of established restrictions threatens companies with fines.
Conference “Invest Talk Summit” Find out how to make money on investments in 2023-2024! Details on the website.
Promo code for a 10% discount: minfin10.
🕵️ We created a small survey to learn more about our readers.
💛💙Your answers will help us become the best, pay more attention to topics that are interesting to you. 🤗 We will be grateful if you find a minute to answer our questions.
Source: Ministry of Finance
Views: 18
[ad_2]
Original Source Link