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Friday, October 28, 2016

Consumer credits are issued only to proven borrowers

The market cash loans is experiencing a rebirth. On the one hand, the death of this segment is suspended: banks cut rates and resume the program.

On the other cash loans have become a privilege of the few customers that are closely interrelated with the Bank, payroll or similar reliability ties.

photo: Mikhail Kovalev

The credit illusion

In mid-may, the country’s largest Bank announced decrease in interest rates on consumer loaning programs to the level of the end of 2014 or beginning of 2015. A big drop: from one to four percentage points. But as it turned out, most bankers are cash loans with great caution, considering, for example, in-store POS-loans less risky. Once the most affordable Bank loan product has become a privilege. Unknown borrowers are now easier to apply to MFIs, where the loans much more expensive, but the chances of them getting much higher.

According to NBCH, as of may 1, the average size of outstanding consumer credit increased by 25.5% and amounted to 155,2 thousand rubles. Good news— banks began to issue larger amounts. But, as practice shows, the money basically be “elite” categories of borrowers: payroll customers successfully repay a Bank loan “physicists”, employees of state corporations and strategic companies, preferential categories of the population. “Banks have a more conservative risk policies and for the most part, concentrated in 2015 and first half 2016 on high-quality work with an existing portfolio by lending to proven clients with positive credit history and projected risks”, — says Vice-President of Bank “Opening” Olga Ovchinnikova.

Among their own

In the framework of special action employees of state-owned companies and the public sector are now able to market the loan at a rate of 19% per annum, said the head of consumer lending, MKB Alexander Zanegina. Chairman of the Board, Rosgosstrakh Bank Alexander Falev notes that global banks can provide cheaper resources, the question of their repayment. “Internal clients the risk, of course, too, but he is incomparably lower. The level of interest rates depends on the funding sources of each specific Bank and lending strategy, and the difference between the rates “for the” and “external” is usually an average of 4 to 7%,” — said the banker.

The Deputy Director of Department of retail business development Svyaz-Bank Andrey Chiseled notes that for new customers interest rate on cash loan is 19.5 and 26.5% per annum, employees of partner companies and budget organizations can count on 21%, zarplatniki by 18.5%. Among the lucky ones who are available are reasonable rates, include special populations, which include, for example, the military.

A number of banks have launched credit products for seniors. “Pensioners are the most responsible borrowers, who tend to be very disciplined to fulfil their obligations”, — noted the Director of Department of retail credit products Natalia konyahina.

Found out some interesting things. Thus, it appears that commodity loans are now considered safe from the viewpoint of payment discipline of borrowers. And despite the fact that scoring on such loans is configured as democratic as possible. “Clients “from the street” can only be POS-loan, as this species belongs to the low-risk loans because of the relatively small average amounts of a quick turnaround and intended use,” stunned “EV” in the press service of the Bank “home Credit”. As a rule, non-earmarked cash loans are available only to so-called core clients, which in addition to a sufficient income a good credit history and a low level of credit exposure with other banks.

An expensive alternative

What do the homeless “street” customers? Variants a little: or to borrow from friends or go to microfinance institutions (MFIs). Last year the volume of issued “physics” of the MFI loans grew by 11.7%, with half of this growth was in the most expensive types of short-term loans “to pay”, the amount of which does not exceed 45 thousand rubles.

Obviously, the cost of resources in the MFI population will cost much more than the banks (sometimes on order), but the banking “refuseniks” to come more for the money nowhere. Assessment Deputy General Director of MFO “Migkredit” Dinara Yunusova, about 20% of customers can obtain a Bank loan, but prefer to apply to MFIs that give out loans fast, with one instrument not demand inquiries on incomes, guarantees of third parties. “in 2015, a growing number of clients in MFIs after they were refused in the banks”, — said Yunusov.

But the future of the segment bankers say very vaguely. “We are seeing stable demand on a seasonally adjusted basis for cash loans, but overall don’t expect big growth. The limiting factor is still the decrease in the real income of the population and the fall in consumption,” — said Alexander Zanegina. “We can make a cautious forecast of a slight increase in the volume of loans in cash — no more than 10% by 2015”, — says Alexander Falev.

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