The limit on payment in installments was proposed to be raised to 100 thousand.
In Russia, they propose to raise the threshold for purchases through BNPL services (buy now, pay later) to 100 thousand rubles without transferring data to credit bureaus. Such a letter was sent to the State Duma by the Public Consumer Initiative (Izvestia has it). In the current version of the bill, this amount is 15 thousand, and loans over will be more difficult to obtain.
The letter notes that setting a limit on the installment amount of 15 thousand rubles will deprive Russians of the opportunity to use a convenient payment tool for goods and services. Above this amount, installment payment services must request personal data from the client and transfer it, along with other information about the agreement, to the Credit History Bureau (BCI). As a result, operations above this threshold will be more difficult to approve.
The OPI believes that the amount of 15 thousand rubles can cover only food, clothing, shoes and small electronics. Large household appliances, furniture, building materials, auto parts, medical, travel and other goods and services remain outside the limit, the document says. As a result, citizens will have to take out loans from banks, which are now reluctant to approve loans due to the high requirements of the Central Bank and market rates, or MFIs. In the latter, interest rates can reach up to 292% per year, which further contributes to an increase in the debt burden of the population, the letter says.
The bill, which gives the Central Bank the right to regulate BNPL services, passed its first reading in the spring of 2025. In particular, the document provides for the introduction of a limit of 15 thousand rubles for the purchase of goods with payment in installments without entering information in the credit history.
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