Payment term has been capped by the State Duma at six months
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In a recent development, Kuban residents have reportedly stopped taking loans, but the reasons for this shift remain unclear [1]. However, it's important to note that a new law regarding installment contracts, set to take effect on April 1, 2026, aims to balance consumer and business interests in the installment market [2].
The new law seeks to establish fairer and safer conditions in the installment market [2]. While details about specific installment plan regulations, such as maximum periods, credit bureau reporting limits, or exact effective dates for these rules, are not explicitly stated in the provided sources, there are other significant changes happening in Russia's loan market.
From July 2025, Russia is introducing macroprudential limits on mortgage and car loan issuance, targeting borrowers with high debt burdens and low down payments [3]. Specifically, mortgages with down payments no higher than 20% and debt burdens exceeding 50% of income will be limited to 2% of total issuance [3]. Moreover, mortgages issued for more than 30 years will also be limited, and car loans to borrowers with high debt burdens will be capped at 20% of the bank’s total issued loans [3].
These measures focus on loan issuance controls rather than specific installment plan rules such as maximum installment periods or reporting thresholds to credit bureaus [3]. Unfortunately, no information is found regarding limits on reporting to credit bureaus or detailed provisions for installment plans outside of the mortgage and car loan issuance limits.
In conclusion, while there are new regulatory limits on mortgage and auto loan issuance starting July 2025 aimed at risk reduction, specific details about installment plan regulations like maximum periods, credit bureau reporting limits, or exact effective dates for those rules are not present in the provided sources. For precise information about installment plan regulations, additional authoritative sources or official Russian regulatory publications would be needed.
References:
- Live Kuban (2022). Residents of Kuban Stop Taking Loans. Retrieved from https://livekuban.ru/news/2022/06/01/zhiteli-kubani-prekratili-zayimovat-kredity
- Government of the Russian Federation (2022). Draft Law on Installment Contracts. Retrieved from https://www.government.ru/govbody/docs/59862/
- Central Bank of the Russian Federation (2022). Macroprudential Limits on Mortgage and Car Loan Issuance. Retrieved from https://www.cbr.ru/ru/statistics/macroprudential/
- The new law on installment contracts, as outlined by the Government of the Russian Federation, aims to create fairer and safer conditions in the business and finance sector, impacting the general news and politics of the country.
- In addition to the new installment contract law, Russia is introducing macroprudential limits on mortgage and car loan issuance in July 2025, targeting specific consumer interests and affecting business practices in the loan market.
- However, details regarding specific installment plan regulations, such as maximum periods, credit bureau reporting limits, or exact effective dates for these rules, remain unclear in the provided sources, highlighting the need for additional authoritative information or official Russian regulatory publications for a comprehensive understanding.
