A third part of Russians cannot pay on the loans because of the unemployment
If in 2019, non-payments were explained by 18% of unemployment, then, in April 2020, its' number increased to 30%, follows from the data of the National Association of Collection Agencies (NACA).
40% of Russians explain that the general decline in incomes is a reason of the inability to repay the loans - this figure increased by 10 percentage points compared to 2019, RBC reports.
“Despite the fact that the debtors themselves directly refer to the coronavirus, in fact only in singular cases - no more than 1% - we understand that the pandemic has really become a powerful factor that negatively affected the debtors”, - says NACA President Elman Mehdiyev.
He added that the self-isolation regime had an effect on those customers who had previously not allowed delays in payments.
A number of large banks have confirmed a deterioration in customer payment discipline. According to a representative of Sberbank, a large number of customers really associate a violation in the payment of loans with a deterioration in financial condition amid a pandemic. Up to 50% of VTB clients who miss regular loan payments refer to their lack of work. In Promsvyazbank they said that every seventh borrower from those who had already missed the delay, referred to the decline in income due to the coronavirus epidemic.
At the same time, the credit holidays for which the debtors affected by the pandemic were counting did not live up to expectations. Firstly, the delay was not free, secondly, the authorities limited the amount of loans, and thirdly, only those who lost official earnings were able to get credit holidays.
Note that the total amount of requests for restructuring loans to Russians, according to the Central Bank, amounted to 760 billion rubles.
At the same time, since the beginning of 2020, banks have approved about 308.7 thousand mortgage transactions, which is 8.5% more than a year earlier. The average size of one mortgage loan in March amounted to about 2.5 million rubles. The delay in mortgage loans grew by 3.3% - up to 74.9 billion rubles.