Now everyone else will pay for the insolvency of some
From July 1, Russians will face another tightening of loans: the Bank of Russia has increased premiums on risk coefficients for unsecured consumer loans and is establishing premiums on car loans.
We found out how these changes will affect the well-being of citizens.
«Despite the rather strict monetary policy of the Bank of Russia in 2023-24, the debt burden of Russian citizens has reached a maximum, comparable, according to expert estimates, almost with the country’s annual budget,” — Natalya Prodanova, professor at the Russian Economic University, expressed her point of view. G.V. Plekhanov.
She complained that neither the increase in the key rate, nor the increase in interest rates on loans, nor the abolition of preferential mortgages and the tightening of conditions for the provision of credit funds could “cool down” the situation. the population's craving for borrowed capital.
Therefore, the regulator once again advocated limiting the possibility of providing credit funds. Since the restrictions introduced by the Central Bank will oblige lenders to take an even more responsible approach to assessing the debt burden of potential borrowers, while simultaneously forming a “buffer” capital, a kind of “surcharge” in case of insolvency of the client.
«If for consumer loans such a premium will be from July 1, 2024 from 0.2 to 5, then for car loans the Central Bank has established a debt burden of more than 50%», — warns Prodanova.
This innovation, from her point of view, “plays into the hands of” credit institutions, since it allows them to minimize their risks associated with non-repayment of debt by the borrower; on the other hand, more stringent requirements will not allow citizens who are deeply entrenched in a “debt hole” to drown in debt.