From October 1, 2027, Volgograd residents will learn about loans through “State Services”
The new system should help citizens identify fraudulent loans in time and, if necessary, abandon them during the cooling period.
According to RIA Novosti, the procedure for informing citizens about new loans and loans will change in Russia. The law, prepared with the participation of the Bank of Russia and adopted by the State Duma in July, will come into force on October 1, 2027.
Banks and microfinance organizations will be required to transfer information on consumer loans, loans and credit cards to credit bureaus without delay. Then this information will be sent to the personal account of the borrower on “Public Services”.
The notification will allow the citizen to quickly learn about the debt obligation. It will indicate the amount of the loan or the limit on the card, the interest rate, the term of refund and the individual terms of the contract.
A special procedure is provided for loans and loans in the amount of more than 50 thousand rubles. The notification will contain information about the right to refuse to receive funds, as well as the exact time of the end of the cooling period. Until then, the borrower will be able to contact the bank or MFI and cancel the loan.
As noted in the Bank of Russia, the innovation will allow you to quickly respond to cases when a loan is issued under the influence of fraudsters or taken in a hurry.
