LETTER OF THE CENTRAL BANK OF RUSSIA

of May 5, 2008 No. 52-T

About "The instruction sheet of the borrower on consumer loan"

The Bank of Russia within work on law enforcement in the field of consumer crediting and to increase in financial literacy of the population prepared "The instruction sheet of the borrower on consumer loan" (further - "The instruction sheet of the borrower"). In "The instruction sheet of the borrower" the most essential information which can help the borrower (the potential borrower) in case of decision making about receipt of consumer loan is stated.

Territorial offices of the Bank of Russia are offered to carry out with credit institutions the extra work directed to the most complete disclosure before borrowers of information on conditions of consumer crediting including placement of "The instruction sheet of the borrower" so that borrowers had opportunity to get acquainted with it (for example, in places of customer service).

This letter of the Bank of Russia is subject to publication in "the Bulletin of the Bank of Russia".

Appendix

to the letter of the Central Bank of Russia of May 5, 2008 No. 52-T

It is prepared by the Bank of Russia

The instruction sheet of the borrower on consumer loan

I. Decision on obtaining consumer creditaotvetstvenny decision

The consumer loan is the loan granted by bank on purchase of goods (works, services) for personal, domestic and other non-productive needs.

Receipt of the credit assumes to return obligation to the terms established by the credit agreement the main amount of debt (the amount which was received from bank), and also to pay interests on credit.

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