Entrepreneurs of Tatarstan received a loan deferral for more than 14.5 billion rubles

Within the framework of restructuring programs, banks in the republic satisfied 2,040 applications from entrepreneurs worth more than 14.5 billion rubles. By the number of applications for restructuring received from small and medium-sized businesses, Tatarstan is among the top 10 regions in the country and takes 1st place in the Volga Federal District.

Loan restructuring has become one of the top priorities for small and medium-sized businesses. The measure is aimed at supporting borrowers who have difficulties with payments. Currently, restructuring allows you to direct funds to the development and resumption of business after the pandemic, temporarily reducing the debt burden of the entrepreneur.

In addition to government restructuring programs, the republic has intra-bank credit restructuring programs. The programs provide for changes in terms of agreement, taking into account the suspension of the borrower's fulfillment of their obligations for a period not exceeding 6 months or a decrease in the amount of payments during the grace period.

At the same time, when the borrower is granted the right to defer payment, the interest rate under the loan agreement should not increase, obtaining a loan vacation does not worsen the credit history. Entrepreneurs can also count on reducing the amount of deferred debt due to federal subsidies for banks, if the credit institution participates in the program of the Ministry of Economic Development.

An individual entrepreneur can also restructure a consumer loan and ask for a grace period, either a complete suspension of payments, or a reduction in their size to a reasonable level.