Belarusbank introduces additional measures to support borrowers - deferrals and no penalties

12 марта 2022
Belarusbank is expanding measures to reduce the loan burden on customers.  Earlier this year, the bank decided to fix the interest rates on real estate loans, issued by March 1, 2022. In addition, customers can now apply for a grace period of up to 6 months on repayment of principal debt and real estate loans (except for loans, granted with state support and consumer loans, insured by the risk of credit default).

The postponement is granted taking into account the peculiarities (conditions) of each credit product. In this case, the term of the loan will be increased by 12 months. Also, the customers of the bank may extend by 12 months the repayment period of the overdraft credit, for which the credit is discontinued.

Moreover, the bank will not apply penalties under the loan agreements and collateral agreements (except for penalties associated with the presence of arrears) on the grounds that arose before December 31, 2022.