Citizens of Russia who have credit obligationsincluding mortgages, warned about important deadlines.

Photo: Elvira Makhmutova, Pravda.Ru

Significant changes await not only future borrowers, but also current loan holders. These changes are associated with raising the key rate Bank of Russia, which occurred on September 15. Financial institutions will begin to increase interest rates on loans in response to this decision.

The purpose of raising the key rate of the Central Bank was to reduce the volume of lending in Russia and reduction in inflation. Recently, the volume of loans issued, mainly mortgage loans, has reached record levels.

It is important to note that rising loan interest rates will also impact current borrowers, especially those considering refinancing their loans. Many people use this method to reduce the interest rate or combine several loans into one, which is a convenient and profitable solution.