The Central Bank decided to tighten the policy towards microfinance institutions (MFIs). At the request of the regulator, citizens will be given a maximum of 10 thousand rubles and with a maximum allowable maturity of 15 days. The decision of the Central Bank is probably dictated by the fact that last year the microcredit market grew by almost a third, and at the end of the year the Russians even broke the 10-year record for the number of microloans. Such a picture could cause concern of the Bank of Russia. At the same time, the maximum rate for fast loans was set at 1.5% per day. And already from the next year and even lower - 1%. As noted by The Bell, proceeding from the established norms of the Central Bank, the payment of interest taking into account all fines and penalties in money equivalent will not exceed three thousand rubles.

Under the current legislation, citizens can borrow up to 45 thousand rubles, and the rate on average is 2%. The maximum repayment period is approximately two months. In this scenario, only interest payments can reach 54 thousand rubles. If new requirements for MFIs are approved, this will be a painful blow for them. Because 20% of the market is made up of customers who take loans "to pay". The only reduction of the rate from 2 to 1% can leave participants of this business without half the profit from short-term loans.