The State Duma adopted a law to tighten the rules for issuing microloans to citizens

On December 16, the State Duma in the second and third readings adopted a law that gradually tightens the rules for issuing consumer loans to citizens. This was announced by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial market, in his Telegram channel.

According to the document, starting from April 1 next year, the amount of overpayment for such loans will be reduced from 130% to 100% per annum.

In addition, starting in October 2026, Russians will be able to have no more than two loan agreements with a full value of more than 200% per annum each. And starting in April 2027, lenders will be prohibited from issuing more than one loan per person with a full value of over 100% per annum.

It is noted that these changes are aimed at protecting the rights of consumers of financial services and reducing the debt burden of citizens. As Aksakov explained, now borrowers will not be able to overpay more than two bodies of debt, including interest, fees and penalties.

Interest rates under pressure: the microloan market is facing tough changes

Parliament will consider one of the most high-profile bills in the field of consumer lending in recent years

On October 7, the State Duma adopted in the first reading a bill to tighten the conditions for issuing microloans. It includes a ban on microfinance organizations (MFOs) from issuing more than one loan to a citizen at a rate of over 100% per annum and limits the maximum overpayment on consumer loans.

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