The approval rate of car loans and the average amount have increased in the Russian Federation

During the summer months of 2025, the approval rate for loan applications for new cars increased by 4%, and the average loan amount increased by 310 thousand rubles. The approval rate and loan amount for used cars also showed a slight increase. eCredit specialists (part of <url>) told Izvestia about this on September 17.

According to their data, against the background of a decrease in the average interest rate — 10.4% in summer versus 13.3% in spring — the approval rate for new car applications increased to 75%, and the average car loan amount rose to 1.75 million rubles. For comparison, in the spring of this year, in the segment of new cars, the approval rate for car loans was 71%, and the average loan amount was 1.44 million rubles.

There is also a positive trend in the segment of used cars, despite the fact that the rate remains high: in summer it was 25.8%, which is slightly lower than in spring — 26.5%, experts estimate. In March-May 2025, the approval rate for applications was 49%, and in the summer it increased by 8 percentage points (pp) to 57%. The loan amount in the spring amounted to 1.31 million rubles, and in June – August it rose to 1.35 million rubles.

Nikita Margolin, head of sales at eCredit, noted that the weakening of credit conditions in the new car market may stimulate interest in more affordable models of Russian and Chinese brands. Existing subsidy programs for car loans from manufacturers also provide support. As for used cars, against the background of a reduction in the key rate to 17%, it is expected that the average rate for used cars will continue to decrease.

"In general, the market is showing cautious optimism, but a sharp increase in car loans is not expected. The recovery in demand will be influenced by the real incomes of the population, the exchange rate and the pricing strategy of producers. Nevertheless, a gradual revival of the car market is possible, especially if the key interest rate continues to decrease," Margolin explained.

We found a balance: sales of new cars increased by 1.3%

The car market showed moderate growth in August

Earlier, on September 12, it was reported that the failure rate for car loan applications in August 2025 was 77%. This is 4.7 percentage points (pp) less than in the same period last year and 0.8 percentage points less than in July this year. The indicator has reached its lowest values since the beginning of the year and has been declining for the fifth month in a row.

Olga Boyko, director of the Financial Services Department at Rolf, also said that reducing the key rate from 18% to 17% per annum could lead to an improvement in consumer sentiment and an increase in demand for credit products in the retail sector.

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