Central Bank Proposes Doubling MFO Cash Loan Limits
The directive project increases the cash issuance limit for microfinance organizations to 100,000 rubles and for pawnshops to 200,000 rubles per loan agreement.
Consensus
- The Central Bank of Russia proposed increasing the maximum cash loan limit per contract for microfinance organizations (MFOs) to 100,000 rubels.
- The Central Bank proposed increasing the maximum cash loan limit per contract for pawnshops to 200,000 rubels.
- The daily limit for cash loan operations for MFOs and pawnshops would increase from 1 million to 2 million rubels.
- The Central Bank proposed increasing the maximum cash loan per contract for consumer credit cooperatives (KPK) and agricultural KPKs to 1 million rubels.
- The daily limit for cash loans for KPKs and agricultural KPKs would increase from 2 million to 4 million rubels.
- The public comment period for the proposal ends on September 11, 2026.
- The proposal was published on August 28, 2026.
Points of divergence
- The Central Bank proposed increasing the limit for pawnshops by four times, from 50,000 to 200,000 roubles. — kommersant
- The Central Bank is also working to reduce over-indebtedness by limiting the number of expensive loans one person can hold simultaneously, starting October 1. — fontanka
- The average real interest rate on short-term loans reached 247% per year in the second quarter of 2026. — fontanka
- The Russian microfinance market has been shrinking due to regulatory restrictions, with a 0.7% quarterly decline in the portfolio and a 5.4% drop in the offline segment. — vedomosti
Coverage (6 sources)
- Central Bank proposed doubling the cash disbursement limit for microloans — Фонтанка
- Central Bank proposed to allow increasing cash issuance limits at pawnshops and microfinance organizations — Дождь
- Central Bank proposed to allow increasing cash disbursement limits at pawnshops and microfinance organizations — Дождь (Telegram)
- Central Bank proposed doubling the limit for loans at MFIs and pawnshops — Коммерсантъ
- Central Bank proposed doubling the cash loan limit for MFIs — Ведомости
- Central Bank of Russia proposed doubling the cash loan limit for MFIs — Интерфакс