The bank will no longer be able to unilaterally change the interest on the loan

The Belarusian bank code has been changed, it has already been officially published. So, what do you need to know if you have decided to contact the bank with a lack of money?

First, now the bank does not have the right to unilaterally increase interest for the use of the loan. And even if this possibility is provided for in the contract, be aware that such a contract will be considered invalid as it restricts the rights of the borrower.

Secondly, citizens were allowed to repay their debt on a consumer loan without notice. Previously, it was possible to repay certain loans before, depending on the conditions that are prescribed in the contract. The bank is not allowed to fine you for this. Here the rule will apply, as with the interest increase: if the contract stipulates that you are not entitled to prepayment, or have to pay a penalty or you must inform the bank in advance of the prepayment, these conditions will have no force because they contradict the bank code.

Individuals can only receive a loan in Belarussian rubles. Another important point is the choice of an insurance organization. Often, banks when granting loans have offered a list of insurance organizations for mandatory life insurance. Either it is quite an an insurance organization. Now the client can not be limited in the choice of an insurance organization.

Separate points are prescribed for additional services. First of all, the customer will have to provide free all the information on the cost of additional paid services. Secondly, information on the terms of the loan or the loan application review service can not be paid. You can not take money from the client for the opening of a bank account, at which the bank credits the money, if the account provides for the opening of a bank account. such an account.

AND AT THE MOMENT

Loans

According to the National Bank, in June, the indebtedness of individuals for loans increased to 10 billion 162 millions 500,000 rubles. It's another record. A year ago, Belarusians were indebted to banks in the amount of nearly 7.7 billion rubles.

Since May 1, banks have introduced the concept of debt-to-debt ratio. This means that with your salary, you can pay loans not exceeding 40%. But this innovation has not prevented the growth of new loans, and Belarusian debts to banks are increasing every month. By the way, the rating agency Fitch recently criticized the number of debts of the country, businesses and individuals.