“From October 1, 2019, microfinance and microcredit companies, when deciding on the provision of a consumer loan of 10 thousand rubles or more, will be required to calculate the personal income value for each borrower to include in the calculation of the standard of adequacy of own funds,” the regulator said in a statement.
Such actions of the Central Bank are aimed at ensuring greater stability of the consumer lending market.
The leverage ratio is calculated from the ratio of the monthly loan payment to the borrower's salary.
Earlier it became known that qualified credit history bureaus (BIC) can access the data on the income of Russians in order to calculate personal income tax.