Central Bank of Russia: the share of overdue payments on loans “to payday” is more than half “, Stated in the Central Bank (CB). The share of overdue payments in the first half of 2021 is more than half, said Ilya Kochetkov, Director of the Microfinance Market Department of the Central Bank. His words are quoted by RIA Novosti.
However, he noted that recently the share of overdue debts has decreased, as earlier the figure was about 60 percent. Payday loans, also known as PDL (payday loans), are a segment of consumer loans, which are provided for a period not exceeding 30 days and for an amount of up to 30 thousand rubles. “Our average delay in the microfinance market is now about 28 percent, but at the same time this delay varies greatly by type of loan, for example, according to the PDL, we have a delay of about 55-57 percent today,” Kochetkov said.
At the same time, Russians began to take out more payday loans. According to the results of the first quarter, their number amounted to six million units. This is 27.3 percent more than in the same period last year. The largest number of microloans was issued in Moscow, the Moscow Region and the Krasnodar Territory, the National Bureau of Credit Histories (NBCH) emphasized.
Moreover, clients of Russian microfinance organizations (MFOs) began to apply more often for large microloans – 30 thousand rubles and above. In July this year, the share of such applications was 15.5 percent, a year earlier – 13.1 percent. As a result, every sixth person asks for a large microcredit. MFOs explained the situation by the fact that money is increasingly needed by small businesses and individual entrepreneurs, including to close the cash gap.
Representatives of trade and services most often apply for microloans (22 and 17 percent, respectively). Also, among the main borrowers named production workers with a share of 16 percent of the total number of applications approved by the company. In fourth place are civil servants and construction workers (eight percent each). The least likely loans are taken by specialists employed in agriculture (two percent), as well as IT workers (1.5 percent), marketing and consulting (one percent).