Russians’ payments on loans seen limited at 50% of family income
MOSCOW, Sep 11 (PRIME) -- The State Duma’s committee for the financial market is preparing amendments to the legislation that would prohibit banks and microfinance organizations from providing loans to citizens if payments on them exceed 50% of the family income, Izvestia daily reported Tuesday.
The committee plans to complete developing the draft bill by December, the committee’s chairman Anatoly Aksakov said.
According to credit bureau Equifax, Russians currently spend an average of 40% of income on loan payments.
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11.09.2018 11:41