rusniggers will get jewed: > the central bank allowed banks to lend to russians at any interest > the rapid rise in market rates at the end of the year forced the central bank to lift restrictions on the cost of borrowed funds for citizens. he allowed banks to issue consumer loans at any interest rate in the first quarter. > so that banks do not mislead people by offering borrowers low interest rates, but subjecting the issuance of loans to various paid services that greatly increase the cost of the loan, the central bank forces banks to calculate and indicate in contracts the full cost of the loan (fcc), which borrowers will have to pay, taking into account commissions, insurance and other surcharges. and so that people do not overpay too much, the central bank limits the size of the psc for each type of loan. the maximum permissible values are announced in advance and are calculated taking into account the market situation. and rising interest rates have confused all the cards. the basis for calculating the maximum level of the psc for the first quarter was its average market value for the third quarter, the central bank recalls (the psc cannot exceed it by more than a third). since then, the key rate has increased: in july it was 16%, in mid-september  19%, and now  21%. but market rates rose even more - as if the key rate had been raised not to 21%, but to 24% or even more, noted central bank chairman elvira nabiullina after the central bank abandoned the expected increase in the key rate on december 20. > currently, the full cost of consumer loans is limited to 38% for amounts over rub 100,000 and 58% for smaller ones, 34-38% depending on the amount and other parameters, if the loan is issued in a store (pos loans), 28.7% for a loan for the purchase of a new car and 32.5% for a used one. 1/2
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