Long-term car lending faces tighter limits in Q1 2027
Long-term car loans face new Bank of Russia macroprudential limits in Q1 2027 to prevent understated borrower debt burdens. Other lending limits, capital add-ons and the national countercyclical buffer remain unchanged.
Closing the maturity loophole
For Q1 2027, the Bank of Russia capped new car loans exceeding seven years at 20 percent of originations, including a zero limit above eight years.
Their actual shares were 26 percent and 6 percent in Q2 2026.
Auto equity loans exceeding five years face a 1 percent cap, against 47 percent in Q3 2026.
Car loans exceeding seven years represented 8 percent of originations in Q2 2022.
Longer terms lower scheduled payments and reported debt service-to-income ratios (DSTI), allowing banks to bypass restrictions on over-indebted borrowers.
They also increase borrower and collateral risks.
Auto equity loans accounted for 4 percent of new cash loans in Q3 2026.
Existing high-DSTI limits and capital add-ons remain unchanged.
Other credit curbs hold
Mortgage limits remain unchanged for apartment purchases, single-family homes and home equity loans, reflecting loan performance and lending standards.
Mortgage and unsecured consumer capital buffers stood at 1.1 percent and 7.2 percent, respectively.
Unsecured lending limits also remain unchanged; non-performing loans were 13.1 percent.
The 100 percent add-on for growing exposures to highly leveraged large companies remains, backed by ₽105 billion.
Corporate foreign-currency add-ons stay unchanged as the currency share fell 1.5 percentage points to 12.2 percent.
Capital increases already scheduled
The countercyclical buffer remains 0.5 percentage points, effective since July 1, 2025.
Sector capital adequacy reached 13.7 percent on October 1, 2026, against 13.2 percent at the year's start.
Scheduled buffer increases from January 1, 2027 are 0.75 percentage points for systemically important banks and 0.5 for other banks.