The deputy spoke about the new restrictions on microloans in Russia
Russia is introducing a number of restrictions for microfinance organizations (MFIs) aimed at reducing the debt burden of citizens. The relevant law was adopted in December 2025, and its provisions will enter into force in stages starting in 2026. Alexey Govyrin, a State Duma deputy and member of the Committee on Small and medium-sized enterprises, told Izvestia about this.
According to him, one of the key changes will be to reduce the maximum overpayment on short-term loans.
"Starting from April 1, 2026, the maximum overpayment on short-term consumer loans is reduced from 130 to 100% of the debt amount. In practice, this means that with a loan of 10 thousand rubles, the total repayment, including interest, commissions and fines, cannot exceed 20 thousand," the deputy explained.
Starting in the fall of 2026, restrictions on the number of expensive loans will begin to apply. During the transition period, borrowers will not be able to apply for a new loan with a full value of more than 200% per annum if they already have two similar obligations.
"The audit will be conducted on all obligations of the borrower, including loans from banks and microfinance organizations. To do this, the composition of credit histories is expanding, which includes the full cost of the loan and the date of the actual termination of the obligation," he said.
In addition, a waiting period between loans will be introduced from April 1, 2027.
"MFIs will not be able to agree on a new loan with a full loan value of over 100% per annum earlier than the fourth calendar day after the full repayment of the previous one. In fact, this is a three—day pause, which should break the chain of instant re-loans," the deputy noted.
He added that the changes also affect businesses.
"The maximum amount owed by a legal entity or individual entrepreneur to an MFO has been increased from 5 million to 15 million rubles. This rule is already in effect and is aimed at expanding the opportunities for small and medium—sized businesses to attract financing," explained Govyrin.
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