The Central Bank noted that the share of people taking out russia telegram data consumer loans to pay the down payment is also growing. Does this cause concern for the regulator, and will you do anything about it?
— Yes, we have been analyzing such practices for quite some time based on credit bureau data. We look at large loans from 100 thousand rubles that people took out three months before the mortgage. In the second quarter of 2022, the share of such mortgage loans was 3.5%, and as of October 1, 2023, it was already 6.4%.
We have already started conducting supervisory
work with banks that provide such loans; we want to make sure that they adequately assess the risks. After all, the point of the down payment is to demonstrate that the borrower is able to using sms marketing campaigns for effective product promotions accumulate funds and will service their obligations in a timely manner. If a person uses borrowed money, and not savings, then doubts arise about their reliability.
— The Central Bank data also show that the number of borrowers with three or more loans and microloans is growing. Why is this happening, despite the measures taken?
Unfortunately, the BKI (credit history bureau) data
really show that the share of borrowers with three or more loans is growing; they already account for almost half of the debt on bank loans. This trend is alarming. If previously a mortgage borrower more often did not have an unsecured loan than did have one, now this is typical for eight out of 10 citizens taking out a mortgage.
We expect that our measures – strict mortgage ao lists surcharges and a significant tightening of the minimum mortgage rate from October 1 – will limit further growth in the population’s indebtedness.
