Installment payments from 60 thousand rubles will be taken into account in credit history

It has been decided to start regulating installment payments from Br60,000, Anatoly Aksakov, head of the State Duma Committee on Financial Markets, told Izvestia. Information on the issuance of free installments above this amount will be transferred to the BCI and taken into account in the credit history of citizens. It is also planned to introduce regulations and requirements of the Central Bank to such products.

Credit freeze: does the banks' data tell us that inflation is declining

The first signs of the effect of high interest rate and macroprudential constraints are present, but it is difficult to draw conclusions yet

The current version of the bill suggests that operators of services will be obliged to transfer information on the issuance of installments to credit bureaus if the purchase amount exceeds 15 thousand rubles. BNPL services (Buy Now Pay Later), which allow you to pay for a purchase in installments, will be subject to regulation.

Installment is actually lending, so it's important to regulate this market, added the deputy. According to him, it has now been decided to start with 60 thousand - that is, the threshold has been revised. However, then it will be gradually reduced, and quite quickly. As a result, the figure will still be reduced to Br15 thousand, but taking into account inflation.

These requirements may make it more difficult to obtain loans if a person has already bought several goods through BNPL services, because it will affect his credit history, explained Maxim Kolyadov, head of work with individuals at the company "Insurance broker AMsec24". Many executed installments can even become a barrier to obtaining a mortgage, added Elman Mehdiyev, founder of the Kredchek service.

Read more in the exclusive material "Izvestia":

According to the sense of debt: installments from 60 thousand will be taken into account in credit history