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Banks and landlords are obliged to grant relief in the payment of obligations at the request of the debtor, be it a natural person, farmer, businessman or company, if due to the crisis caused by the pandemic, he cannot meet his obligations or has difficulties .
According to the NBS, especially unemployed people need debt relief, debtors whose average net monthly income in the last three months is below the average salary in Serbia, as well as debtors with an average net monthly income in the last three months up to 120,000 dinars, and whose net income Monthly income is 10 percent or more lower compared to income before March 15, 2020. The degree of credit indebtedness, that is, the burden of monthly income with credit and other obligations, exceeds 40 percent of that income.
Photo by Tanjug
For farmers, entrepreneurs and companies, it is estimated that a relief in the payment of liabilities should be offered especially to debtors who in 2020 had a decrease in operating income, that is, a turnover of at least 15 percent in comparison with last year or there was a business interruption of debtors in a continuous period. of at least 30 days due to the COVID19 pandemic.
Banks and landlords had the opportunity to grant relief to the debtor at the motivated request of the debtor.
The exemptions provided by the decisions refer to the rescheduling and refinancing of loans and financial lease liabilities, with the approval of a 6-month grace period and the appropriate extension of the repayment period so that the debtor’s monthly obligations do not exceed the of the amortization plan. During the grace period, the bank calculates the interest, so the debtor, in the application, decides whether to pay interest during the grace period or after its maturity.
– Other credit card products and allowed overdrafts may be covered by exemptions in accordance with this decision, approving a loan to refinance liabilities based on these products with a grace period of six months and a monthly payment agreed with a period of refund. it is extended in such a way that the monthly obligations are not greater in relation to the monthly obligations that the debtor would otherwise pay for that product – explained in the NBS.
NO BANKING COMMISSIONS
We especially emphasize that banks, that is, leasing providers cannot charge a fee for measures and activities taken in accordance with the decisions – they say in the NBS.
– Neither the costs that they may have in relation to these measures and activities, including the costs of processing the client’s request, except the costs necessary to approve the accounts receivable, which are not determined by the bank or the financial leasing providers (for example, credit bureau or real estate cadastre).
In accordance with the decisions, banks and financial leasing providers will do so no later than December 22, 2020. on their website and in their branches, publish a notice informing debtors about the possibilities of submitting a request for benefits, as well as the conditions that the debtor must meet in this regard.
All debtors who comply with the prescribed conditions can submit to the bank / financial leasing company an application for benefits electronically or by mail, as well as in business premises until April 30, 2021, with the debtors being advised to give preference to the electronic media due to the current epidemiological situation.
The bank, that is, the lessor of the financial lease, is obliged to decide on the request of the debtor and inform the debtor of that decision within 30 days from the date of receipt of the request.
The decisions taken will take effect tomorrow, December 15, 2020. From the next day, debtors can submit a request to obtain the declared exemptions, regardless of the notification of the banks / financial leasing providers.
The National Bank of Serbia, as before, will closely monitor the impact of changing circumstances on all relevant market participants and take responsible measures within its competence aimed at preserving the stability of the financial system, which is a precondition for preserve and enhance economic growth as a whole.
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