The government has three times increased the limit for mortgage holidays in Moscow

The government approved the increase in mortgage loans to which credit holidays can be provided. This was announced at a meeting on economic issues by Prime Minister Mikhail Mishustin, writes RBC. For Moscow, the maximum size will amount to 4.5 million rubles, for the Moscow Region, St. Petersburg and the regions of the Far Eastern Federal District - 3 million rubles.

Earlier on April 6, the government published a decree describing the rules for providing citizens and IP credit holidays promised by Vladimir Putin.

• For consumer loans, borrowers for which individuals are 250 thousand rubles.
• For loan card loans, POS loans and cash loans-100 thousand rubles.
• For consumer loans for individual entrepreneurs (IP) - 300 thousand rubles.
• For car loans - 600 thousand rubles.
• For mortgage loans - 1.5 million rubles.

For a credit vacation for up to six months, citizens whose income for a month preceding the application for the holidays decreased by 30% or more compared to the average monthly income for 2019. The borrowers confirming documents can “inform” 90 days, but the bank must decide on the provision of a deferral within five days.

Such limits were very low: the average mortgage size is above 1.5 million rubles in the vast majority of Russia. We talked about this in detail here . The Gosbank VTB introduced increased limits on its own credit holidays.