Credit holidays for Russian citizens in 2022: conditions, how to get in Russian banks

On March 12, 2022, the Chairman of the Government of Russia signed Decree No. 352 on the maximum amounts of loans for which Russian citizens have the right to apply to Russian banks for the provision of "credit holidays". The decision was made as part of a set of measures to support citizens and businesses in the face of external sanctions.


The following limits are set for consumer loans:

300 thousand rubles for individuals;

350 thousand rubles for individual entrepreneurs;

100 thousand rubles on credit cards;

700 thousand rubles for car loans.


For mortgage loans:

6 million rubles for Moscow;

4 million rubles for the Moscow region, St. Petersburg and the regions of the Far Eastern Federal District;

3 million rubles for other regions of Russia.


Under the terms of the program, borrowers in Russia have the right to apply for a “loan holiday” until September 30, 2022, subject to a 30% decrease in income compared to the average income in the previous year.

A grace period for servicing a loan can be obtained for a period of one to six months. "Credit holidays" apply to loans issued before March 1, 2022.