Translated material
Without deception
In some banks from the first hundred of the rating, declared interest rates on loans differ from real due to various hidden commissions. On average, the loan becomes more expensive. Recall that so far the claims of officials were put forward only to the Russian Standard bank.
As the FAS deputy leader Andrei Kashevarov told the newspaper, in addition to the main interest rate on the loan, there is a commission for settlement and cash services. “It ranges from 0.5 to 1.9% per month, or up to $ 200 in absolute terms,” says Kashevarov. “Only this commission makes a loan more than 23% more expensive.” That is, with a declared interest rate on a loan of 20% per annum, the borrower will actually pay 43% per year. “And such operations for which additional interest are charged, 5-6 are recruited. As a result, the loan rate on average increases several times, sometimes reaching 60-70% per annum, ”Kashevarov emphasizes.
The representative of the FAS Julia Bondareva gives other figures: in certain regions of the country, the effective rate of consumer loan exceeds the declared rate by 3 times. The maximum effective rate (interest that is actually paid) is 66% - at the average level of declared rates from 23% to 29%. During car loans, the average rate is 9%per annum, however, the effective rate exceeds 17%, and in rare cases it reaches 42%.
The fact is that in Russia, unlike Western countries, there is no law that would oblige to indicate in advertising next to the nominal rate and effective. The maximum that threatens the bank bank is a fine of 40-50 thousand rubles.
In order to stop this banking practice, the FAS, together with the Central Bank on Tuesday, announced their intention to create a structure that will give recommendations for disclosing banks about loans. It will take at least a month.
According to the senior vice president of Bin-Bank, Alexei Guskov, attempts to make a business for the consumer are always praised more transparent, the main thing is that the banking secret is not violated. Therefore, experts doubt the effectiveness of the new structure. “FAS and the Central Bank have sufficient powers to punish the extensor banks. This is under their jurisdiction now, ”said Andrei Donskoye, head of the retail unit of FC Uralsib.
“The creation of a new structure is an opportunity to increase the staff, salary, purchase a building, but the main thing is for what purpose?” The newspaper tells the newspaper on the basis of anonymity a large banker. “Let's say now that the police work poorly and create a second one. This is not a way out, especially if the FAS can now and can do everything now.”
REFERENCE
Consumer loan or loan for urgent needs, as a rule, inappropriate. The most popular are loans for the purchase of household appliances. So, the share of consumer lending for a period of more than one year (mainly loans for the purchase of cars and housing) is 65% of all loans to the population and continues to increase. As of January 1 of this year, loans for urgent needs were issued by 299.5 billion rubles, or 11% of all bank loans. Banks, struggling for the client, are trying to offer them the most favorable conditions for the loan, primarily due to reducing the interest rate - up to zero.
02/15/2005 / Julia Govorun