Macroprudential limits

Macroprudential limits (MPLs) directly influence the structure of retail lending by restricting the share of risky loans (microloans) in total disbursements.

MPLs are used to reduce the number of loans issued to borrowers with a high debt service-to-income ratio (DSTI), loans with a low down payment, and loans with very long maturities.

Loan type	Loan characteristics taken into account to set MPLs
Mortgage loan for existing housing	DSTI LTV Loan maturity
Mortgage loan for new housing under construction	DSTI Down payment Loan maturity
Mortgage loan for single-family home (individual housing) construction	DSTI Down payment Loan maturity
General-purpose consumer loan secured by residential property	DSTI LTV Loan maturity
Car loan	DSTI Loan maturity Amount of funds borrowed from an MFO
General-purpose consumer loan secured by a motor vehicle	DSTI Loan maturity Amount of funds borrowed from an MFO
Unsecured consumer loan (microloan) without a credit limit	DSTI Loan maturity Amount of funds borrowed from an MFO
Unsecured consumer loan (microloan) with a credit limit, including credit cards	DSTI Loan maturity Size of an MFO’s limit

MPLs make the lending structure more robust and facilitate a more even distribution of risks in the system. Moreover, MPLs involve no additional requirements for financial institutions’ capital.

MPLs are set in accordance with Article 45.6 of Federal Law No. 86-FZ, dated 10 July 2002, ‘On the Central Bank of the Russian Federation (Bank of Russia)’ and Bank of Russia Ordinance No. 6993-U, dated 3 February 2025. From April 2025, the Bank of Russia is authorised to set MPLs not only for unsecured consumer loans, but also for car loans and mortgages.