The Central Bank of Russia published an update on a statutory reduction in the cap on total interest, penalties and other charges payable on certain consumer loans and microloans, cutting the limit from 130% to 100% of the principal from 1 April 2026. The provision applies to new loans and microloans issued for up to one year by banks, microfinance organisations, pawnshops and consumer credit cooperatives, including agricultural cooperatives. Once total charges reach 100% of the principal, further accrual must stop, meaning a borrower taking a RUB 10,000 microloan would repay no more than RUB 20,000 in total. Agreements must disclose the cap on the first page before the table setting out individual terms.
Central Bank of Russia 2026-04-01
Central Bank of Russia lowers the cap on total interest and fees on short-term loans and microloans to 100% of principal
The Central Bank of Russia announced a statutory reduction in the cap on total interest, penalties and other charges on certain consumer loans and microloans from 130% to 100% of the principal from 1 April 2026. The cap applies to new loans of up to one year issued by banks, microfinance organisations, pawnshops and consumer credit cooperatives, after which further accruals must stop and the cap must be disclosed on the first page of agreements.