Russian warned about possible mass review of loan conditions

In 2026, banks may mass review the terms of existing loans for Russians if the economic situation worsens. This forecast was made by financial analyst and lecturer at the Institute of International Economic Relations, Yuliana Sorokina. According to ‘Izvestia’ newspaper, Russian banks have started to covertly review the terms of existing loans. In some cases, clients are unknowingly updated on the repayment schedule, extending the contract period, leading to an increased final overpayment. In others, the interest rate on the loan is changed without additional notification. ‘Loan conditions are influenced by the economic situation, inflation, exchange rate, the Central Bank’s key rate, and new regulations. In a competitive environment, banks may change conditions to attract clients. In case of economic problems, changes in loan conditions in Russia may become widespread. However, significant transformations will require approval from regulatory authorities and will be transparent to clients. Most likely, changes will be minor, and no significant shifts are expected,’ noted Sorokina.