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Valery Polkhovsky about the simplification of loan services in Belarus

Income certificates are not necessary for getting a loan in Belarus from now on. The National Bank of the Republic of Belarus doesn’t necessitate them. The regulator suggests that commercial banks should themselves

determine the list of the necessary documents in order to see how able to pay the person is who wants to get a loan.

Valery Polkhovsky, financial analyst:
Banks are not used to trusting people; they will be developing a serious list of standards to simplify the process of getting a loan.

To make it as simple as possible, in order to be competitive in terms of other banks.

Nevertheless, the quality of credit rating will be their premium.

According to experts, absence of paper chase together with interest rate decline on credits will whip up the demand of Belarusians on costly goods.

Valery Polkhovsky about the simplification of loan services in Belarus