Preferential lending for young specialists - under new rules
Young specialists will be able to get consumer loans at 2.38% from June 17, 2024. We analyze the nuances of lending.
Who is eligible for a preferential loan?
The Decree of the President "On granting preferential loans to certain categories of citizens" No. 95 of March 14, 2024 will enter into force on June 17, 2024.
The following individuals will be able to obtain a preferential loan:
- graduates assigned to organizations in rural settlements, or who have independently found employment in state organizations, the Ministry of Emergency Situations, trade and agricultural enterprises located in rural settlements, regardless of their parents' place of residence;
- young people who have voluntarily entered into contract military service in settlements other than their parents' place of residence;
- graduates of educational institutions who have received vocational and technical education;
- depending on the applicant's category, within 1 year from the date of the first employment contract, first position, or contract, after obtaining a diploma.
What are the loan terms?
A loan can be obtained once for a period of up to five years.
The interest rate on the preferential loan will be 2.38%.
The maximum amount is up to 30 living wages for the working-age population. Currently, the maximum loan amount is 13,038 rubles.
Repayment of preferential loans and payment of interest begin six months after the month of concluding the loan agreement and are made in equal installments throughout the entire repayment period.
By the way, the decree does not limit the list of goods that can be purchased with the loan: now it is any non-food product of domestic production.
Application procedure
The applicant's solvency is taken into account when issuing a preferential loan. If you are applying for the maximum amount of 13,038 rubles, your income should be around 680 rubles.
To obtain a loan, a young specialist must contact the HR department of the organization where they are employed (or serving), which will apply to the district, city (cities of regional and district subordination) executive committees, and local administrations of districts within cities to include the employee in the list. Once the employee is approved on the list, they can apply to the Belarusbank Mortgage Office, territorially located at their place of employment (or service), with a package of documents.
To formalize the loan (guarantee), it will be necessary to provide an identity document (for viewing) and documents confirming the income of the applicant (guarantors).
Recalculation Conditions
If the loan recipient resigns or is dismissed from work before the period established by the decree, the interest rates for using the loan will be recalculated: plus 3 percentage points to the refinancing rate of the National Bank (taking into account its changes). However, there are exceptions to this rule. For example, recalculation is not carried out if the loan was issued to a person from a large family, or if there are parents or disabled children in their family, etc.
According to BELTA materials.