The average loan amount requested by Russians in 2024 decreased by 10%
Russians reduced the requested loan amount by 10% last year. If in 2023 on average they wanted to borrow from banks in the form of an unsecured loan of 632.5 thousand rubles, in 2024 - already 574.7 thousand, reported "Izvestia" in the marketplace "Finuservices" (service "Mosbirzhi"). In January, the process continued - on average, citizens asked for 523.7 thousand, that is minus about 10%.
They also said that the average approved rate on cash loans in 2023 was 14.9%, in 2024 - 22.4%. The significant rise in borrowing costs has led to higher monthly repayments, hence the increased debt burden.
"In 2024, when making a loan application, borrowers began to look not only at the declared terms of the product and the rate, but pay more attention to the terms of servicing obligations, their debt load and families in general. In other words, nowadays the consumer, realizing the cost of the loan and the probability of its approval, takes not as much as he wants, but as much as is necessary, will be issued and he will be able to service. And for the shortest possible and at the same time feasible term", - explained the head of the project "People's Front" "For the rights of borrowers" Evgenia Lazareva.
This year, most experts expect further increases in loan rates due to the Central Bank moratorium on limiting the full value of the loan, the risk of default on the part of borrowers who took expensive loans during the period of expensive borrowing and so on.
Read more in the exclusive material of Izvestia:
Not more, but less: Russians have tempered their credit appetites
