Banks have raised real interest rates on loans despite a decrease in the key

The largest banks have increased real rates on consumer loans, despite a decrease in the main indicator of the Central Bank, according to data from the websites of credit institutions. As Izvestia found out, six of the ten leading market players had an increase in the total cost of a loan — by an average of 1 percentage point. Now new loans are issued at an average of 35% per annum.

Loan work: Loan disbursements jumped after key rate cut

Why loans are not becoming more affordable, although the profitability of deposits is falling

At the same time, the lower limit of the CPI decreased to 26.4% for half of the banks. However, the upper limit of the UCS, which is assigned to more risky borrowers, on the contrary, increased by almost 2.5 percentage points and reached 43%.

This is due to the fact that banks are tightening their policy of choosing borrowers. Since March, only 22-24% of consumer loan applications have been approved, while the rest have been rejected. This means that banks choose the most reliable clients — those with a good credit history, stable income, and no delinquencies on old loans. Most often, salary clients receive more favorable conditions.

UC is not only the interest on the loan, but also all related expenses: insurance, maintenance fees, account management, card issuance and other services. This indicator reflects the real cost of the loan for the borrower.