OREANDA-NEWS. On December 22nd Sberbank stopped the accepting of applications for auto loans and part of mortgage products. Most likely, it is done in connection with the revision of interest rates.

According to "Za rulem.RF", after "Black Tuesday" on December 16, when the Central Bank increased its key interest rate from 10.5 to 17%, banks began to rewrite hastily the loan agreements. For already concluded agreements, there are the previous conditions, they had no right to change it, but new loans for the same annual rates will not be given for borrowers. The former 14-interest loans will be given for already 20% per annum. Moreover, last week, many banks have suspended temporarily the work with car loans - someone before the New Year, another for one month. Yesterday it was done by Sberbank, as it was reported officially. In addition to receiving of applications for car loans, it is not possible yet to get loans for the construction of residential houses, rural property and garage. On basic products of mortgage lending Sberbank raised rates by 2%. It is also known that the bank has increased the size of the minimum down payment on a number of products.

It is curious that the bank "Setelem", "daughter" of the Sberbank, continued to give car loans for population. This is a separate legal entity, but de facto it is the same Sberbank.

Recall on December 17th, the Central bank announced a series of measures aimed at maintaining the stability of the Russian financial sector in an unstable situation in the foreign exchange market. Banks temporarily, until July 1, were allowed not to limit the cost of consumer credit. However, experts believe that although the rates will rise and, they will not exorbitant: first, these loans will not be taken, and the borrowers themselves, and secondly, there are a lot of banks in the country and the competition between them is quite high.