From July, banks will start calculating the uncertain income of potential borrowers according to a fixed formula, rather than in an arbitrary way. Candidate of Economic Sciences and Head of the Department of Global Financial Markets and Financial Technology at the Russian Economic University named after AGV Plekhanova Svetlana Frumina.
“From July 1, 2026, when calculating the average monthly income of the borrower, banks will take into account only 90 percent of the declared amount of uncertain income (with restrictions at the regional level of Rosstat),” Frumina explained.
The main goal of these changes is to increase the reliability of the debt burden assessment. Previously, banks could estimate income based on customer expenses, but as of April 1, the central bank stopped accepting such models for verification.
For individual entrepreneurs, as of April 1, you cannot use documents issued to yourself; You can confirm your income through tax returns or a ledger. The new formula will make the calculation more conservative and reduce the risk of not recovering the money. For borrowers with fully verified income, the changes don’t make much of a difference. It has been reported that self-employed people, individual entrepreneurs and workers without a formal salary may face a reduction in the loan amount or rejection RIA Novosti.
Banks have the right to refuse to open an account for a customer. According to Evgenia Veselova, an expert at the Financial Markets Comparison website, this can happen if the organization has doubts about the identity of the client, the source of funds or the transaction itself.