Simplifying proof of income can reduce loan rates
Photo: lime/Alex Maishev
The Federal tax service (FNS) in 2017 they finally open their databases for banks. With their help, the credit institution will be able to confirm the client’s income. This “Izvestia” said a source close to the Central Bank. In FNS and the Central Bank confirmed that the mechanism for the provision of banks of certificates in form 2-NDFL in electronic form has been worked out. A decision in principle about such access was made two years ago, but due to technical issues, its implementation was postponed.
Already this year, banks will be able to receive information about the earnings of borrowers through the system of interdepartmental electronic interaction. For this channel to him now to receive information about the income of Russians from the Pension Fund (PFR), said the interlocutor of “Izvestia”. According to him, a pilot project with FIU will be completed in 2017. While access to the database, on the banks of it, despite the agreement in principle of the Central Bank on this issue. However, according to the source, the problem will be solved during the year: banks will be able to request information on the form 2-NDFL in the same way as the data SNILS customers.
Talk about the need for banks to access the databases of the FIU and the FTS are in the autumn of 2014. This is actually a solution to the problem moved from a dead point in June 2015, when a pilot project was launched giving the banks access to pension accounts of the Russians through the portal of public services. Technically it is quite simple: the borrower submits to the Bank for a loan, from the portal of public services he receives an SMS offering to consent to the transfer of the FIU information about the state of his personal account, after which the Bank receives data from the Fund.
On the official website of the FTS, however, there is already a service to verify the certificates of the income. But it is designed exclusively for the Executive branch. Banks doesn’t have.
— TSB supports innovation, — have informed “news” in a press-service of the Bank of Russia. — It would simplify including the lives of the borrowers, as there will be no need to help yourself and carry it to the Bank in paper form. The introduction of this mechanism will reduce the cost of both the Bank and, respectively, of the borrower to disbursement of the loan.
The Central Bank expected and also reduce the level of credit fraud, because today, there are attempts to deliver to the Bank a fake certificate 2-pit. Representatives FNS, in turn, stressed that the information from the FNS will be transferred to the credit institution only with the consent of the borrowers, who will be able to give it in your personal Cabinet on the website of the tax service.
Full access to data on the income of customers will allow the banks at any time to monitor the financial condition of the borrower and to assess what portion of his income goes to loan repayment.
According to interviewed by “Izvestia” representatives of the banking community, with more accurate analysis of the financial position of the borrower interest rates on consumer loans can be reduced (they are now at the level of 15-46% per annum).
Thus, according to the Deputy Chairman of Loko-Bank Andrey Luchina, lower rates after the introduction of this measure may be 0.5–1.5 percentage points on the horizon two years.
— FTS data will help banks to correctly assess the solvency of borrowers, because they are an unbiased source of information, welcomed the senior Vice President, Director of risk analysis Department of VTB24 Andrei Guletskii.
Head of retail risks of the Bank Yaroslav Polishchuk suggested that the information of, on and FIU will allow the banks to create the individual products with a simplified package of documents without paper certificates of income.
— Opening of the banks on base, can lead to the fact that customers become more difficult to confirm their income, — the head of the legal Department Heads Consulting Diana Baclosan. The risks are that the banks can not issue loans to persons who are solvent, but I can’t technically prove your income with help. It is primarily people who receive part of their salaries “in envelope”. It turns out that borrowers with high but informal income will not be able to lower interest rates through this initiative.