Instruction to subjects of SMB: what to do if the bank unilaterally changed conditions of the credit agreement

We remind that according to conditions of the credit agreement the bank has the right unilaterally to change the size of a rate of interests on credit, including, but not exclusively, in case of change during period of validity of the contract any of the following indicators: rates of refinancing of the Central bank of the Russian Federation; standards of obligatory reserves (reserve requirements) of the Central bank of the Russian Federation; costs of the attracted resources of bank.

In case you aren't able to extinguish arrears, it is expedient to specify in the credit organization, what programs of restructuring they can offer you, choose suitable and file in the credit organization the corresponding petition for receiving restructuring.

Restructuring of the credit is a change of conditions of the credit agreement on the basis of the additional agreement to it as a result of which the borrower acquires the right to fulfill obligations in more favorable mode.

For support of subjects of small and average business of the Republic of Tatarstan in case of change by the credit organization unilaterally of the conditions of the credit agreement which are negatively influencing economic activity of businessmen in the Republic of Tatarstan a number of measures is realized. 

So, NO "Guarantee fund of the Republic of Tatarstan" (Guarantee fund) negotiations with a number of banks concerning minimization of consequences of change by the credit organizations of conditions of credit agreements regarding increase in an interest rate for subjects of small and average business (SSAB) are held.

The interaction format meaning lower interest rate for SSAB, and also opportunity for them to minimize increase of an interest rate for the existing credit agreements in case of involvement of Guarantee fund as the guarantor is offered to banks.

All necessary information on the terms of providing the guarantee of Guarantee fund can be received by the address: Kazan, Chernyshevsky St., 33, оf. 15, phones: 223-06-79, 223-06-82, 223-06-83, and also on the official site of http://garfondrt .ru/.

Also in the Republic of Tatarstan the Non-profit organization "Fund of Support of Business of the Republic of Tatarstan" providing microloans works.

Microfinancing can be provided on any expenses proved by the businessman. Priority branches of microfinancing, such as agriculture, construction, production and processing (including the providing import substitution), innovations and the activity aimed at the development of science and equipment are provided.

Conditions of granting microloans assume delivery of loans to subjects of small and average business of the Republic of Tatarstan in the sum from 100 thousand rubles to 1 million rubles for up to 3 years with a rate no more than 10% per annum. Early repayment of a loan, and also a delay of return of the main sum of a loan for 12 months are allowed.