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Citu: the installments for banks can be suspended at the request of the debitor for a period of up to nine months, but not longer than 31.12 .2020
The ministry of finances Florin Citu announced, after the government meeting, that the bank installments can be suspended at the request of the debtor – natural person or judicial person- for a period of up to nine months, but no longer than 31.12 2020. Citu mentioned that it is about companies or people who were affected by the measures taken in the context of the COVID-19 pandemics.
The minister of finances announced the adoption of the ordnance regarding the suspension of the payment of the banking installments, the document regarding this possibility can benefit natural persons or judicial persons whose activity was affected by pandemics Covid-19.
The delay of the installments can be required until the end of the emergency state, electronically or by phone, without being necessary to have additional documents.
The methodological norms regarding the implementation of the ordnance to be approved on their basis will have a very large’ area’ regarding the beneficiaries of the provisions of this ordnance. The minister said that this legal provision will benefit the people who do not have debts at the moment of the request.
As regards the interests after the suspension period, Florin Citu said that the interests are capitalized at the balance of the existing loan and are re-established during the duration of the loan. Exception makes the real estate loans for which the interest will be paid during a period of maximum five years, explained the minister.
The best solution was the subsidy of interests for those who cannot pay the installments in the banks, otherwise they will grow by 15-20% for real estate loans, stated on Friday the economic analyst Iancu Guda.
Another issue presented by the economist is that the measure is applied during a limited period, and those with real estate loan must pay the interest during the grace period, and the plus of interest will make the installments grow by 15-20$% for the real estate loans during the respective period.
The third aspect which Iancu Guda mentioned is the fact that the bank does not lose anything. On the contrary, it will win in interest.
But the minister of finances Florin Citu showed that, for the whole period, the commissions will be supported by the banks, which, at the same time, will have to be financed from the market, with the respective costs.
‘An accusation I keep hearing, that the banks do not lose anything. This is what the people say, who have never worked in the financial-banking system. The ordnance says nothing about commissions. The commissions are not supported by the financial-banking system. The fact that the banks do not get these installments during the whole period means that they have to get financed from the market with interest, and this interest is supported by the banks. There is nothing in the ordnance about such costs’ Ciltu said in a video message on Facebook.