Key points of graduate lending were explained by the head of the legal consultation of Maloritsky district, Natalia Borisyuk

The bank decides on its own It evaluates income, work experience as the primary factor, and decides whether to approve the application or reject it. The borrower can only ask the bank to select a repayment schedule that fits their financial capabilities

What to pay attention to in the contract — grace period (favorable months) — the time at the start of repayments when interest is not charged at all or is charged at a reduced rate (according to National Bank Instruction No. 488) — order of interest payment — interest can be paid in equal installments throughout the term or on the day of final loan closure. Choose the option with clear payments

Protection against 'penalty' interest Pay attention to paragraph 10 of article 145 of the Banking Code of the Republic of Belarus: banks are PROHIBITED from establishing in the contract conditions for paying interest in an increased amount if the loan is not repaid on time