Experts note that at the moment the detailed principles of making decisions about whether or not to approve consumer loans are defined by each specific bank individually. Usually, the maximum possible monthly loan payment is determined on the basis of the assessed net disposable income which is estimated as follows: the income shown in personal income tax form No. 2 less the average monthly bills and expenses such as utility bills or child support payments.
Ratio of Net Disposable Income to Loan Payments Should Be at Least 3 to 1
"Taking into account the fact that consumer loans are not secured with any collateral, the most prudent course of action would be to demand that the ratio of the net disposable income to the monthly loan payments be at least 3 to 1," Analytical Center expert Daniil Nametkin commented on the situation for a Rossiyskaya Gazeta correspondent. An additional parameter could be a threshold value for the borrower's income below which no unsecured loans can be issued regardless of the disposable income, the analyst believes.
"This threshold income must depend on the average per capital income in each specific Russian region. Thus for Moscow, the Nenets Autonomous District, the Yamalo-Nenets Autonomous District, the Chukotka Autonomous District and the Magadan Region, where per capita income exceeds 50 thousand rubles a month, the minimal disposable income for potential borrowers must be at least 25 thousand rubles while for the other regions this threshold value can be reduced to 15 thousand rubles," Mr. Nametkin said.