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Post: Installment plans in Russia will only be provided by professional lenders

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Putin instructed to ensure installment plans are issued only by professional lenders

MOSCOW, December 8 – RIA Novosti. Russian President Vladimir Putin instructed the Cabinet of Ministers and the Central Bank of the Russian Federation to provide installment plans with commission only by professional lenders until June 1. order It was published on the Kremlin’s website.

“The Government of the Russian Federation, together with the Bank of Russia, provides for the introduction of amendments to the legislation of the Russian Federation providing for: c) the provision of installment plans that involve charging citizens only for their use by engaged persons on the provision of consumer loans in accordance with the Federal Law No. 353-FZ of December 21, 2013 in professional activities “Consumer credit (loan). Deadline: June 1, 2024” is stated in the order.

Prime Minister of the Russian Federation Mikhail Mishustin and Governor of the Central Bank of the Russian Federation Elvira Nabiullina were appointed to implement the decision.

Percent sign - RIA Novosti, 1920, 10/13/2023

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Source: Ria

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