Military loan. “Military loan Maximum loan amount for military personnel
Today I would like to show you some more pictures from my stock.
While looking for illustrations, I often come across colorful “War Loan” posters.
State loans in the Russian Empire were not new then (the first ones were under Catherine II). But it was the “War Loan” that was the first attempt to attract funds from the “common” person. This is what explains such broad and colorful advertising of the loan.
The government paid special attention to organizing propaganda among the peasantry. Numerous circulars from various central financial institutions, as well as directly from the Minister of Finance, called on local authorities to undertake extensive propaganda work among rural residents. Active assistance was also provided by the Holy Synod, which, with a special order, made it the duty of the rural clergy and teachers of parochial schools to “contribute in every possible way to familiarize the people with the goals, importance and benefit for the population” of subscribing to the issued loan.
But attempts to attract the broad masses of the peasantry to them and to mobilize the huge monetary savings of the villages, which were deposited in the “pods”, ended in failure. Despite all the efforts of the authorities, subscriptions managed to cover only a few percent of the country's peasant population.
The practical failure to attract money from peasants and workers, however, did not prevent the collection of huge funds. Financial structures and large capital, attracted by favorable loan repayment terms and confident in the inviolability of the ruble, invested heavily. Loans from 1914-1916 gave the state seven billion rubles - a huge amount at that time. For orientation about the order of this figure, it can be mentioned that the total (external and internal) government debt of Russia increased from 6 billion rubles in 1902 to 9 billion in 1909 - due to the costly war with Japan, and long-term loans for the construction of railways . But later, until the start of the World War, it steadily decreased. In 1913, the public debt was 8 billion rubles with budget expenditures of 3 billion (France, for example, then had a public debt of 12.2 billion with a much smaller budget of 2 billion; Germany had a debt comparable to Russia: 9.5 billion rubles with a budget of 4.5 billion).
It is interesting that the “revolutionaries” also launched a large advertising campaign in the hope of receiving financial help from the “common people.” In the spring of 1917, the “provisional government” issued an internal loan to continue military operations. It was called the “Freedom Loan”, since, according to the new authorities, it was supposed to go to the defense of their already revolutionary fatherland, to “defend their young freedom.” In the editorial of the newspaper “In the Name of the Future,” one of the authors, Mikhail Chernykh, wrote: “... the matter of defending the homeland, defending freedom must be completed to the end, no matter how difficult it may be and no matter how much it costs us. (Petrograd Soviet) asks to support the loan. (...) Only the “Bolsheviks” speak out against supporting this loan, motivating the refusal by the fact that the end of the war, due to the support of the loan, will not come closer to the end, but will move away. But they are mistaken (...) we need to sacrifice everything now - life, property, and well-being. Support the Freedom Loan everyone!”
But the loan was not popular, the “kulaks” peasants who did not open their moneyboxes for the tsar, especially did not want to give their money to the noisy “Provisional Government”. The bulk of the bonds remained unsold - beautiful pieces of paper settled as dead weight. They were already used by the Bolsheviks, who also always lacked money. They acted very cleverly: by decree of the Council of People's Commissars of the RSFSR of February 12, 1918, Freedom Loan bonds were equated to ordinary money and put into circulation...
WORLD WAR I
WAR LOAN
With the help of a war loan, the Russian government tried to attract money from both big capital and workers and peasants. Loans from 1914-1916 gave the state approximately 7 billion rubles. In those days this was a huge amount!
In order to understand how much money this was, it is worth recalling that in 1913 Russian budget expenditures were about 3 billion rubles, and the national debt was less than 9 billion.
“Sign up for a 5.5% military loan.
The more money, the more shells!"
"Everything for the war! Sign up for a 5.5% war loan."
"War 5.5% loan.
Who has loved ones in the ranks of the troops,
let him help them by buying a loan."
"Buy a 5.5% military loan.
The abundance of shells is the key to victory."
"Hurry up to buy! Military 5.5% loan
to overcome all obstacles."
Poster "War 5.5% loan".
"Whoever signs up for a 5.5% military loan will
will help our heroes destroy their enemies."
"Our cities, villages and temples are waiting
liberation from enemy invasion.
Help the army in its great cause
and sign up for a 5.5% war loan."
State short-term war loan 1916
Advertisement published in Niva magazine.
Let me remind you that all loans from the tsarist government were canceled by the Soviet government on December 1, 1917, by decree of January 21, 1918.
All materials posted here are in my personal collection. The use of any materials from the site is possible only with the written permission of the author.
There are categories of borrowers for whom banks develop special (usually more favorable) lending conditions. One of these types of consumers includes military personnel who are in the army under contract.
The borrower can become a participant in the preferential state lending program for employees of the Russian Army and the Federal Security Service. Otherwise, the conditions for providing loans to this category of persons do not differ significantly from ordinary lending to citizens.
This article will be of interest to those military personnel who have decided to use the services of banks to obtain a consumer or mortgage loan.
Bank offers for consumer loans for military personnel
Consumer loans for military personnel have the following advantages compared to loans for civilians:
- lower annual interest rate;
- extended period of validity of the loan agreement;
- more flexible requirements for the package of documents for obtaining a loan.
Contract military personnel have the opportunity to take out a consumer loan in many banking institutions in the country. However, the most favorable offers for this type of loan are made by the following large Russian banks (top ten financial companies):
Sberbank provides the military with a consumer loan in the amount of 15,000 - 1,000,000 rubles at 17.5 -18.5% percent of the annual overpayment, for a period of 60 months.
VTB 24 offers to borrow an amount of up to 1 million rubles with an interest rate of 16.5% -18.5%. The term of the loan agreement is six months - seven years.
IN Gazprombank Contract servicemen have access to a loan in the amount of 30,000 - 500,000 rubles at 14.5% - 15.5%. The duration of the agreement is 36 months.
Bank "Orient Express". Here the maximum amount of a consumer loan is 500,000 rubles. The main condition is that upon presentation of a military ID, the percentage is reduced to 5%.
IN Svyaz-bank military personnel have access to a loan from 10,000 to 500,000. The rate is 18.9% per year. Loan period up to 60 months.
Bank "Zenith" provides loans to military personnel for consumer needs in the amount of 30 thousand - 1 million rubles at 16% per annum. Duration: 7 years.
PrimSotsBank. Here, the amount of money for a targeted loan can be 200,000 – 1,200,000 rubles. Without collateral (i.e. real estate collateral or) you can take 500,000 at 19%. The repayment period with interest is no more than 5 years.
OTP Bank issues consumer loans to military personnel in the amount of 15,000 - 750,000. The annual overpayment percentage is 15.9%. The loan repayment period is 5 years.
In Sovcombank you can take up to 1 million rubles. at 15.9% for a period from one year to 60 months.
Promsvyazbank issues amounts from 100 thousand to 1 million rubles at 13.9% per annum. The validity period of the loan agreement is 1-7 years.
Maximum loan amount for military personnel
The consumer loan, which is issued to military personnel under a contract, has its own limited boundaries in various Russian banks. At the same time, the maximum loan size depends on how it is issued - with or without collateral. So, from PrimSotsBank, if there is collateral or guarantors, a military contractor can borrow 1 million 200 thousand rubles. While without collateral, only 500 thousand rubles are available to him.
Basically, the maximum loan amount for officers and soldiers of the Russian army is one million in domestic currency.
Such a loan can be obtained from Sberbank, VTB 24 Bank, Sovcombank, Promsvyazbank and many other financial companies in Russia.
Mortgage loan for military personnel under contract
For contract servicemen, the housing issue is no less acute than for civilian individuals. And in order to solve it, soldiers and officers have to resort to mortgage lending services. Currently, military personnel can apply for a mortgage with preferential terms under a loan agreement in such large Russian banks as:
- Sberbank. Here, the available mortgage size for military personnel ranges from 45,000 to 2,200,000 rubles. Interest rate 10.9%, loan period up to 20 years, advance amount 20% of the cost of housing.
- VTB 24 – maximum loan size is 2,050,000 rubles. Interest rate - 10.9% - 11% per annum. Duration: 12 years. Initial payment 15%.
- Gazprombank. In this bank, the mortgage volume is a maximum of 2.2 million rubles, the rate is 10.5%, the repayment period is no more than 25 years, the advance is 10% of the apartment price.
By decree of the Council of People's Commissars of the USSR, a new loan was issued - the State Military Loan of 1942. The value of this loan is extremely great. It serves the noblest goal - the defeat of German fascism, the liberation of millions of Soviet people groaning under the yoke of the Nazi occupiers. It is called upon to further increase the power of our state and the combat strength of our troops.
The State War Loan of 1942 is issued in the days when our Motherland is fighting tooth and nail against the fierce enemy - the Nazi invaders. The mad onslaught of Hitler's hordes crashed against the valor and strength of the Red Army. Our troops thwarted the enemy's plans, defeated the Germans, wrested the initiative from their hands and drove them back to the west. However, the enemy has not yet been defeated, much less finished off. He still has significant military equipment and will strain his last strength to achieve success, trying to inflict counterattacks on us and go on a counteroffensive.
Friendly subscription to a new loan
The announcement of the release of a new loan at the Moscow Red Banner Infantry School named after the Supreme Soviet of the RSFSR was greeted with extraordinary enthusiasm. As soon as the decree of the Soviet government was announced on the radio, rallies were held in the school’s companies. Future commanders understand that the country needs to mobilize all resources for.
Speaking at the rally, cadet Sergeant Major Orlov said:
Our rubles, loaned to the state, are new tanks, planes, guns and other weapons for the Red Army. The War Loan is another blow to German fascism. Unanimous subscription will once again demonstrate the unity of the Soviet people and their determination to achieve victory!
Immediately after the rallies, subscriptions began in the units. Its registration in the battalion, commanded by Captain Satepko, was quickly completed. The commanding staff of this battalion lent 117 percent of their monthly allowance to the state, and the cadets - 385 percent. Many commanders and cadets immediately contribute cash. For example, the unit of Senior Lieutenant Sokolov received 2,500 rubles.
By the end of the day, the entire staff at the school named after the Supreme Soviet of the RSFSR had already signed up for a new loan. Cadets and commanders signed up for an amount significantly exceeding their monthly salary.
More than 20 thousand rubles deposited in cash
WESTERN FRONT, April 13. (By phone from our special correspondent). Today in the squadrons of the fighter regiment, where the commissar comrade. Marenkov, - crowded rallies in connection with the issue of the loan.
Pilot Lieutenant Danilov stated:
The State War Loan of 1942 meets the vital interests of the Soviet people. I subscribed for 1200 rubles and paid it in cash.
Many pilots, technicians and engine mechanics signed up for amounts exceeding a month's salary and paid in cash. Among them, junior military technician Botnev, with a salary of 650 rubles, signed up for 1,200 rubles. Lieutenant Suprun, receiving 1100 rubles, subscribed for 1500 rubles and deposited this amount in cash. Captain Primuk contributed 2,200 in cash upon subscription.
The regiment's subscription ended on the first day. It covers the entire private and command staff. When subscribing, more than 20 thousand rubles were paid in cash.
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* ("Red Star", USSR)
* ("Red Star", USSR)*
* ("Red Star", USSR)**
* ("Red Star", USSR)
* ("Red Star", USSR)
The First World War certainly had a significant impact on the economic structure and
life of the participating states, including the Russian Empire. From the first days of this global military confrontation, the tsarist government worked to resolve issues of ways to raise funds for military spending and the future course of state financial policy.
Along with increased taxation and the issue of paper money, government loans became one of the main methods of mobilizing government revenues. This is a system of monetary relations that arise in connection with the state’s involvement on a voluntary basis for the temporary use of free funds of legal entities and individuals on the terms of repayment and payment. In the Russian Empire, during the First World War, the tsarist government implemented six internal government loans aimed at financing military needs for a total of 8 billion rubles. nominal value. Two of them were 5%, with a subscription price of 94 per 100, for only 1 billion rubles; one - 5.5% at 99 at 100 - per 1 billion rubles. and three - 5.5% at 95 per 100 - for 6 billion rubles. The first two loans were issued for 49 years, the third for 81 years, the fourth, fifth and sixth for 10 years.
The first loan was made in October 1914. It was primarily aimed at attracting funds from joint-stock commercial banks. In general, its implementation can be considered successful - the treasury received 466 million rubles. However, the authorities failed to use this loan to reduce the volume of paper money in circulation.
The increase in war expenses prompted the tsarist government to issue a second war loan in February 1915. Although it was similar in terms of issue volume, interest rate and repayment terms to the previous one, certain difficulties arose with its implementation. Loan coverage began to depend more and more on the results of direct subscription to bonds rather than on the working capital of commercial banks.
The third government loan was issued in April 1915. The issue amount was increased to 1 billion rubles, and the interest rate was increased to 5.5% per annum. Officially, the loan was designed for 81 years, but the government guaranteed the repayment of all bonds declared for payment in May 1921. Thus, they tried to make the loan “attractive” for large entrepreneurs.
A feature of the fourth war loan (October 1915) was to attract wide sections of the population to subscribe to the bonds. For the first time, savings banks and small loan institutions took part in the implementation of the loan. There was also a fairly active propaganda campaign. Despite these measures, the government failed to achieve its goal. The loan was not fully implemented within the established time frame.
Issue of the fifth loan for 2 billion rubles. in February 1916, which received the semi-official name “Victory Loan”, was preceded by a massive campaign to popularize it among the population, especially among the peasantry. The Holy Synod and the liberal intelligentsia actively participated in propaganda and agitation.
The last loan to the tsarist government of the Russian Empire was 3 billion rubles. was implemented in October 1916. It became the most widespread during the entire period of the war. Only through savings banks 358 thousand people subscribed to the bonds. However, despite the expansion of the social circle of signatories, the share of large entrepreneurs in it has decreased. As a result, actual loan proceeds were significantly less than expected. In addition, the implementation of loans in 1916 was constantly influenced by the deteriorating economic situation in the country. All this led to the fact that in February 1917 the capacity of the money market in relation to government loans was completely exhausted.
The terms of all war loans were virtually the same, with the exception of the interest rate, the face value of the bonds and their maturity. Thus, bonds were issued to bearer and registered. The rules for the transfer of the latter from one person to another, as well as the exchange for bearer and vice versa, were determined by the Minister of Finance. Profits from the loan were forever exempt from taxation. Payment of interest on bonds is provided twice a year. Bondholders are given the right to use these securities as collateral to fulfill government contracts and supplies and ensure excise and customs payments. In terms of loan repayment periods, there is a tendency to move from long-term to short-term (10 years). In addition, when issuing the first three loans, the government provided for the right to conversion, that is, a change in the initial conditions of the government loan.
All loans were sold through public subscription to bonds in the offices and branches of the State Bank, the Treasury and other credit institutions determined by the Ministry of Finance. In particular, starting with the fourth loan, savings banks, city public banks, mutual credit societies, and other small credit institutions joined this process.
The list of commercial banks and private banking institutions that had the right to place bonds, in fact, during 1914-1916. Remained constant. It included from 24 to 30 banks and 5-7 banking offices. Among them there were only three institutions founded in Ukrainian provinces - the Kiev private commercial bank (loans 1914-1916), the Odessa accounting bank and the banking office "M. Ashkenazi" in Odessa (loan 1916).
In general, despite the fact that in fact the tsarist government received only 7,529 million rubles from military internal loans, the rest were beneficial to it. Firstly, they reduced the negative consequences of the issue of credit notes and to a certain extent contributed to the stabilization of the money market, and secondly, they were a source of cash.
