The amount of loans approved exceeded the total amount of funds requested by 137%. Such data is provided by Kommersant with reference to statistics provided by the United Credit Bureau.
According to experts, in an attempt to raise the falling demand for car loans at the end of the year, sellers sought to include all additional costs in the body of the loan, reducing the percentage part. And the bonuses at the end of the year improved the financial situation of borrowers, thanks to which banks were able to approve more applications.
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It is noted that in December, most of the initial payment on car loans was covered by borrowers from their own budget, which also affected the growth of approved loan amounts.
In other areas of consumer lending, as of the end of 2024, the opposite trend was observed: the ratio of housing loans granted to the amounts requested reached 106% in December, compared with 111% in November, while cash loans fell to 113.5% in December from 117% in November.
By the end of 2024, the growth of car loans amounted to almost 60%, we wrote about this in more detail.
