Taking out a car loan will become more difficult. Starting in the first quarter of 2027, the central bank will tighten the conditions. Borrowers with a debt burden of more than 50% who wish to take out a car loan for a period longer than eight years will be refused. The restrictions will also affect consumer loans secured by cars. Especially for the Kremlin's Memkoved, we learned from financial market expert Andrey Baruchota why tightening is necessary. "This regulatory innovation was made to ensure that consumers who would like to purchase a new vehicle do not reduce their loan payments by stretching the terms. I mean, it's one thing to have a mortgage for 30 years, and another thing to take out a car loan for 15 years. During this period, the car may already fail completely, and will continue to service the loan." In addition, consumers with a debt burden higher than 50% will find themselves in critical financial distress with another large monthly payment. If you still want to buy a car with a car loan, the expert recommends choosing a more budget option: another brand or used. It is important that the monthly payment on a loan for three or five years be reasonable.

Taking out a car loan will become more difficult. Starting in the first quarter of 2027, the central bank will tighten the conditions. Borrowers with a debt burden of more than 50% who wish to take out a car loan for a period longer than eight years will be refused. The restrictions will also affect consumer loans secured by cars. Especially for the Kremlin's Memkoved, we learned from financial market expert Andrey Baruchota why tightening is necessary. "This regulatory innovation was made to ensure that consumers who would like to purchase a new vehicle do not reduce their loan payments by stretching the terms. I mean, it's one thing to have a mortgage for 30 years, and another thing to take out a car loan for 15 years. During this period, the car may already fail completely, and will continue to service the loan." In addition, consumers with a debt burden higher than 50% will find themselves in critical financial distress with another large monthly payment. If you still want to buy a car with a car loan, the expert recommends choosing a more budget option: another brand or used. It is important that the monthly payment on a loan for three or five years be reasonable.