Cash loans increased after the key rate cut

The volume of cash loans increased by 13% in June to 252 billion rubles, according to data from the United Credit Bureau, which was studied by Izvestia. This is the maximum since October 2024 - the market has been under pressure for six months due to the record high key interest rate of 21%. The trend reversal occurred after the Central Bank lowered it to 20% following a meeting on June 6.

Convenient debts: why the popularity of non-targeted loans secured by property has grown

The volume of disbursements has reached its maximum since 2023

"Banks have started to lower retail loan rates slightly following deposit rates and in anticipation of monetary policy easing. This could stimulate lending activity," said Mikhail Doronkin, Managing Director of the NKR rating agency.

The Savings Bank confirmed the growth in demand for loans, where loans jumped by 35% in a month and exceeded 113 billion rubles, the organization's press service said. In the future, the market will continue to react to possible rate changes.

At the same time, real loan rates are still at a barrier level. According to the National Bureau of Credit Histories (NBKI), they dropped to only 34% in June. Although after the Central Bank meeting at the beginning of the month, less than half of the market players changed the loan conditions.

Read more in the exclusive Izvestia article:

Loan work: Loan disbursements jumped after key rate cut