The debt load of the population has reached a historically high level, in certain segments of the consumer lending market, you can talk about the emergence of “bubbles”. This is reported by TASS with reference to the words of the first deputy chairman of the Central Bank of Ksenia Yudaeva.
She recalled that the Bank of Russia is preparing a legislative proposal to limit the lending to individuals at floating rates. “It seems to us very important not to prohibit, but limit the risks of this kind of loans for individuals,” she said.
In addition, the Central Bank sees the need to limit the parameters of such loans. The regulator wants to set the maximum size of the floating rate, as well as register the ability to “lengthen the loan”, but for a maximum of three years. In addition, the rules of informing borrowers will be tightened, the rules of informing borrowers will be tightened.
In the explanatory note, the Central Bank previously indicated that long loans are maximally sensitive to changing parameters. For example, if the loan rate changes from 7 by 9 percent for 15 years, then the amount of monthly payment grows by 13 percent, and overpayment – by 34 percent.
According to the Central Bank, on March 1, 2021, the debt of the population on loans to banks was 20.8 trillion rubles.