The Bank of Russia continues to tighten lending rules. An associate professor at the Department of Global Financial Markets and FinTech of the Russian Economic University told Prime Agency what documents will be required from July 1 and what will happen to self-declared income. GV Plekhanova Tatyana Belyanchikova.
– Indeed, only clearly marked income is taken into account: salary, pension, social benefits or rent. The expert explained that transfers from relatives, repayment of debts, one-time sales – all this no longer increases the credit limit.
From July 1, 2026, a 10 percent discount will be applied to the self-declared income indicated by the client in the application form without confirmation – the bank will be able to take into account only 90 percent of the declared amount. However, it should not exceed the average per capita income of the region according to Rosstat.
From July 1, 2027, the simplified approach will be completely abolished: uncertain income will no longer be taken into account when considering loan applications. The expert advised borrowers to calculate in advance the possibility of documenting income, according to the statement. message.
Russian courts have hardened their stance regarding bankruptcy proceedings for individuals: over the past year, the number of refusals to write off debts has almost tripled. Crisis management expert and arbitration director Anna Nekhina explained what changes are taking place in judicial practice.