The head of the Bank of Russia, Elvira Nabiullina, announced that she intends to combat various mortgage schemes.
According to the expert, such strategies “flourished” simultaneously with the end of preferential programs.
Nabiullina explained: “Clients are offered both installment plans and so-called cashback,” as reported by RIA Novosti .
The head of the regulator announced the relevant information at a meeting of the Council for the Development of the Financial Market under the Federation Council.
Expert opinion
As the head of the Bank of Russia emphasized, citizens of the Russian Federation are also offered “very preferential rates.”
However, according to Nabiullina, these seemingly attractive instruments conceal an inflated price for real estate.
The expert added: “Very often, the use of such instruments entails a subsequent increase in payments.”
According to the head of the regulator, Russian citizens must be protected from misleading financial schemes.
