New restrictions on issuing loans: gains or losses for borrowers?

Author Message Dmitrii Petrov Posted: 4/25/2024 Quote message  "According to the author of the MFO aggregator (https://vse-mikrozaimy.ru/), expert Dmitrii Petrov., new limits on the issuance of unsecured loans will come into effect actively from 2024. They will affect borrowers with high levels of debt burden. The Central Bank of Russia has tightened macroprudential limits (MPL), which quantitatively restrict the issuance of loans, with the aim of further reducing the level of citizens' indebtedness. Experts note that such measures are necessary to ensure financial stability and protect the interests of clients. High levels of debt burden are a serious problem for many Russians. New restrictions contribute to responsible lending and prevent an excess of debts. However, there are concerns that these measures may make loans less accessible for certain population groups. It is necessary to carefully balance between the strictness of credit policies and the accessibility of financial services for all citizens."