This is stated on the website of the lower house of parliament.

It is noted that vacations are provided for both consumer and mortgage loans.

“Borrowers will be able to apply to the lender for credit breaks on mortgages and consumer loans for up to six months if the income of such a borrower for the previous month decreased by 30 percent or more compared to the average monthly income for the previous year,” the statement emphasizes.

The website of the State Duma says that you must call the bank to apply. A credit institution will be entitled to demand documents confirming the fact of a decrease in income. However, the borrower will not be able to provide them immediately, but within 90 days from the date of application.

Earlier, Sberbank said that the basis for obtaining a credit vacation could be quarantine after arriving from abroad or on vacation without saving a salary, as well as job loss due to an outbreak of coronavirus infection COVID-19. It is noted that credit holidays can be provided for up to six months with an increase in the loan term to 12 months.

At the same time, penalties for failure to fulfill loan obligations will be canceled.

On March 25, Russian President Vladimir Putin, while addressing citizens, proposed introducing credit vacations for Russians who were in a difficult life situation due to the influence of coronavirus on the economy.