The State Duma assessed the consequences of the new rules for microloans

Reducing the maximum overpayment on microloans from 130 to 100% will have a positive impact on borrowers and the market. Alexey Govyrin, a member of the State Duma Committee on Small and medium-sized enterprises, told Izvestia on March 24.

"For borrowers with low incomes, the innovation primarily increases the quality availability of microfinance products," he said.

According to the parliamentarian, from April 1, 2026, the norm comes into force, according to which the maximum cumulative overpayment on loans for up to one year is limited to 100% of the initial amount. This means that with a loan of 10 thousand rubles, the repayment amount cannot exceed 20 thousand rubles, including all charges.

Govyrin stressed that the measure is aimed at reducing the debt burden of citizens and making the cost of loans more transparent. According to him, borrowers understand in advance the limit of their obligations, while the opportunity to receive money for urgent needs remains.

Nothing personal: a quarter of MFOs may close due to biometrics loans.

Soon, Russians will not be able to get a micro-loan online without checking through a single system.

"As for the market itself, reducing the marginal overpayment does not look like a threat to stable players. According to the Bank of Russia, the sector has already significantly consolidated, and the 10 largest companies provided 67% of the volume of disbursements in 2025 against 59% a year earlier," the deputy said.

Govyrin added that in the long term, the changes will help strengthen citizens' trust in the financial sector. According to him, measures are being introduced at the same time to limit the debt burden and strengthen fraud protection, which creates a more stable and transparent microfinance system.

Restrictions for microloans are introduced in Russia: new conditions of receipt and repayment are named

Borrowers will be limited in the number of expensive microloans and a cooling-off period will be introduced.

Olga Chirikova, senior lecturer at the Department of Civil Law Sciences at Plekhanov Russian University of Economics, said on February 23 that from March 1, 2026, quick loans without biometric identification will become illegal, and there will be no more "loans in five minutes." It was clarified that the mandatory identification applies to microfinance organizations, whereas for microcredit companies the rule will become effective only from March 1, 2027.

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