Keyword "borrower" - List of latest news (91 results)

15:02 Can a loan recovery agent come to your home or office or not, what are your legal rights?

Loan Recovery Rules: Nowadays it is common to take a loan for expenses like buying homes, marriage, studies or treatment. Especially, the trend of personal loan has increased rapidly as it is easily found. However, the strict condition of the repayment with the loan, high interest rates and forced recovery are also associated with the situation of forced recovery. In this case, the role of loan re

23:00 The Russians first borrowed more money in the MFI than on credit cards

In March, the volume of issued microloans exceeded the amount of the limit on new credit cards, follows from the data “Scoring Bureau”. MFIs were less sensitive to hard measures of the Central Bank than banks, and borrowers stopped being afraid of expensive loans

12/04 China act to tank Australia’s economy

Australia’s economy could take a hit worse than the global financial crisis or Covid if the geopolitical tensions between China and the US continue.

10/04 RBA pours cold water on homeowner hopes

Reserve Bank governor Michele Bullock has poured cold water over predictions of a double interest rate cut next month insisting it’s “too early” to make hard calls on the impact of Donald Trump’s tariff chaos.

04/04 Sociologists have evaluated how many Russians borrow from "black creditors"

Black creditors were borrowed by 2% of Russians, and every fifth knows about such an experience of acquaintances, the VTIIMA survey showed. Experts associate the tolerance of citizens to illegal immigrants that they attract “outcast” borrowers

27/02 The Central Bank urged banks not to count on help for all the debts of state -owned companies

Banks underestimate the risks of lending to state -owned companies, counting on the help of the authorities, said the head of the Central Bank Elvira Nabiullina. Since October, market participants will be banned to reduce reserves on such loans, "when there is really no state support"

20/02 ‘Perfect opportunity’: BlackRock CEO calls for 30-year mortgages in Australia

The head of the world’s largest investment firm has called for the introduction of 30-year fixed-rate mortgages in Australia, saying the country’s $4.2 trillion superannuation pool could be used to create the market.

30/01 The Russians took twice as many microloans at the end of the year than loans

The Russians continue to actively borrow from the MFI against the backdrop of a decline in lending in banks - the share of microloans among the total extradition has increased to a record 70%, follows from the Skering Bureau data. MFI clients are less sensitive to the growth of bets

22/01 Real rates on credit cards in Russia jumped to almost 40%

In December, the cost of servicing credit cards rose to record levels, as calculated by the Scoring Bureau. This was influenced not only by the high key rate and the policies of banks, but also by the Central Bank’s instructions to some creditors

20/01 Interest accrued to Russians on loans exceeded ₽600 billion

As of December 1, the amount of interest accrued by banks but not paid by Russian borrowers reached 607.8 billion rubles. In 2024, the figure grew at a record pace in four years. The reason is high market rates

15/01 The Duma approved the draft “cooling period” for consumer loans

The bill provides for the introduction of a “cooling period” of four to 48 hours, depending on the amount, before issuing a loan, so that the client can evaluate his actions and refuse funds if he acted under the influence

15/01 The analyst estimated the share of “extra” preferential mortgages

Russians could take out up to 2.2 million loans for the purchase of housing in new buildings without a preferential mortgage, HSE economist Grigory Zhirnov calculated. He does not believe that only government programs provoked an increase in real estate prices

02/01 Earth-shattering interest rates call

Interest rate speculation was never ending during 2024. We were expecting rate cuts midway through the year, before having our expectations managed by the RBA.

26/12 Experts admitted that banks' profits were shrinking due to problem loans

High rates on the market in 2025 will allow banks to maintain margins, but may result in unexpected credit risks, according to ACRA. In a negative scenario, the net profit of the sector will fall by 8–12% compared to 2024

19/12 The average debt of Russians to collectors has fallen to a three-year minimum

In 2024, the average amount of a citizen’s debt to collectors fell below 200 thousand rubles, NAPCA calculated. Creditors explain this by the fact that the size of loans issued is decreasing

16/12 Bank clients reported lower credit card limits

Clients of VTB, Sberbank and Alfa Bank reported problems. Some users who had their credit limits canceled after not using them for a long time were given back access to their funds after complaints

11/12 Banks have limited the terms of cash loans and extended mortgages by six years

Due to high rates, banks have stopped “stretching” the term of loans in order to reduce payments for borrowers, data from the Scoring Bureau shows. But the average mortgage term jumped by 5.8 years due to dozens of “extraordinary” loans

06/12 In November, Russians took out the minimum amount of loans for 2.5 years

The decline in retail lending, covering all types of loans, continues for the second month in a row, according to Frank RG data. The Bank of Russia called this cooling of the market a return to normal levels of issuances

02/12 The Central Bank and the Ministry of Justice will limit the collection of debts of Russians bypassing the court

The authorities are discussing the introduction of new requirements for banks and collectors who collect debts from individuals using writs of execution from notaries. They want to give debtors the right to block such collection

29/11 The Central Bank described the main risks of Russians and banks at high rates

The quality of loans that banks issue to Russians has begun to fall, the Central Bank assessed. He is also concerned about business lending, but most companies have a margin of safety

27/11 The Central Bank announced the deadlines for introducing the “one loan per person” norm in microfinance organizations

The “one loan per person” rule for clients of microfinance organizations will begin to work in 2027, the Central Bank reported. The regulator also wants to abandon the term “payday loan”

26/11 The Central Bank pointed to the growth of market mortgages due to dubious schemes

Russian banks are increasing the issuance of market mortgages even in conditions of high rates, the Central Bank stated. The regulator attributes this to the spread of dubious schemes that are dangerous for borrowers

25/11 The Central Bank extended for another year the right for banks not to disclose shareholders

Russian banks were allowed to hide the structure of owners and management, as well as disclose statements with exceptions for at least another year. The Central Bank decided not to extend some of the relaxations that served an “anti-crisis role”

19/11 Business worsened assessments of lending conditions to historic lows

Estimates of lending conditions by companies fell to a minimum for the entire period of measurements, a Central Bank survey showed. But part of the business has lost sensitivity to high rates, Nabiullina said. At the same time, business price expectations have increased

11/11 The Central Bank has planned restrictions on issuing mortgages for a period exceeding 30 years

The Bank of Russia has decided on the design of direct restrictions for banks in mortgages - the new limits, when their application is approved by law, will include overly long housing loans. They make up almost 20% of the volume of mortgage issuances

06/11 Banks threatened dealers for imposing additional services on car loans

Large banks warned car dealers about severing cooperation and “blocking” partners for including non-refundable additional services in the “body” of car loans, RBC learned. Lenders did this on the recommendation of the Central Bank

04/11 The volume of debts of Russians being collected from bailiffs has increased by a third

In January-September, creditors demanded to recover more than 1.4 trillion rubles from Russians. - more than for the entire 2023, follows from the statistics of bailiffs. This is a consequence of the “credit boom” of past years, experts say

24/10 OTP Bank assessed the share of Russian borrowers with “hidden” installment plans

Up to 7% of borrowers in Russia take out installment plans, the details of which are not included in their credit histories. Although the share of such clients is small, the Central Bank considers the growth of installment payments a problem and insists on regulating the segment

10/10 The Central Bank temporarily allowed banks not to hold down mortgage rates

Until April 2025, Russian banks will be able to set mortgage rates without restrictions, the Central Bank decided. The regulator is also ready to consider the possibility of lifting the “ceiling” for the full cost of mortgage loans

25/09 The Accounts Chamber revealed the number of Russians with “serial” preferential mortgages

Over 100 thousand Russians did not limit themselves to one preferential mortgage and used other state support programs, the Accounts Chamber estimated. Some of these clients did not need loans at low rates, auditors believe

23/09 Russians increased spending on credit cards to the maximum in 2.5 years

Russian credit card holders use more than a third of their approved limit, according to Scoring Bureau estimates. Clients began to use credit cards more actively for everyday spending, postponing the transfer of savings from deposits and accounts

20/09 VTB increased the down payment on a family mortgage to 50.1%

From September 20, VTB Bank increased the size of the down payment for a family mortgage to 50.1% of the value of real estate, the decision was made taking into account the reduction of limits under this state program, ...

19/09 Russians will be given the right to a “comprehensive settlement” of loan debts

The Bank of Russia wants to legalize the practice of agreements between banks, microfinance organizations and collectors to collect debts from “common” borrowers. They will be given up to 30 days to find the optimal solution with the client.

17/09 The Central Bank recorded an increase in risks for loans to individuals

The cost of credit risk in retail in the second quarter exceeded the historical average. The Central Bank associates this with loans issued to high-risk borrowers at high rates at the end of 2023 - beginning of 2024

03/09 Banks assessed the demand for credit holidays in border regions

Banks do not note a large number of requests from affected residents of the Kursk, Belgorod and Bryansk regions for credit holidays. But their number may increase after people resolve basic issues

29/08 Banks began to deny mortgages to Russians more often in July

In July, the share of refusals on applications for mortgage loans was at its highest since the beginning of the year - 57%, NBKI calculated. Against the backdrop of the winding down of preferential government programs, market mortgages have become unaffordable for borrowers, experts say

23/08 A fifth of Russians justified non-repayment of loans

Over nine years, the share of Russians who believe that for good reasons the loan can not be repaid has almost halved. Respondents cited circumstances as the main reason—for example, an economic crisis, divorce, or illness.

19/08 Business worsened assessments of lending conditions to an anti-record since 2022

Assessments of lending conditions by Russian companies have deteriorated sharply, a Central Bank study showed. This happened after the key rate was raised from 16 to 18%. But it's not just about high stakes, experts say

15/08 Banks appreciated the interest of Russians in mortgages at extra-high rates

Despite the protective rates on market mortgages, the share of such loans in banks' issuances jumped above 50% in July. This is a temporary surge, but Russians are ready to take out a mortgage even in tough conditions, experts say

13/08 The Central Bank announced the right of residents of the Kursk region to a deferment on loans

The deferment will be given to evacuated residents of the Kursk, Belgorod and Bryansk regions whose mortgage loan does not exceed 15 million rubles, and whose car loan does not exceed 1.6 million rubles. If the amount exceeded the limit, the Central Bank recommended meeting the borrowers halfway

18/07 Banks began to raise rates on “extra” preferential mortgages

Some borrowers who have taken out more than one preferential mortgage risk facing an increase in the rate on the last loan received—banks are already applying such measures, RBC has learned. Lenders claim that these are not widespread cases

17/07 Ozon decided to engage in business lending outside the marketplace

Ozone Bank plans to intensify the development of credit products for citizens and companies from 2025. First, he will focus on serving marketplace sellers, and then scale the service to companies unrelated to the marketplace

30/06 The preferential mortgage program at 8% has stopped working in Russia

The authorities ended the preferential mortgage program, which had been in effect for more than 4 years. During this time, more than 1.5 million loans were issued. It increased housing affordability at the beginning, but then led to an increase in prices, the Ministry of Finance and the Central Bank admitted

25/06 Russians took out a record volume of microloans for a year and a half

In May, microfinance organizations approved loans worth ₽81.4 billion to Russians, according to Scoring Bureau statistics. The maximum issuances for 1.5 years are also seen in NBKI. Experts attribute this to the activity of borrowers, including those whose salaries have risen sharply

28/05 The State Duma adopted a law on the sale of mortgaged property

The Central Bank emphasized that the new law ensures a balance between the interests of lenders and borrowers. Previously, when such problems arose, banks preferred to sell the pledged property themselves.

20/05 Russians have reduced early mortgage repayments to a minimum from 2022

In the first three months of 2024, borrowers closed mortgages worth RUB 397.4 billion ahead of schedule. — it was less only in the sanctioned year of 2022. It is more profitable for citizens to save money on deposits with high rates than to pay off loans

15/05 Banks have sharply reduced issuance of car loans with low down payments

In 2024, banks began to more actively demand from clients a more substantial down payment on car loans, according to Scoring Bureau calculations. This is how market participants are trying to improve the quality of new loans amid a boom in car lending.

26/04 The Ministry of Finance will discuss the exclusion of high-income families from preferential mortgages

The authorities have begun to discuss the issue of excluding borrowers with high salaries from the family mortgage program, Deputy Finance Minister Ivan Chebeskov told the RBC TV channel. Such families can take out a loan at market rates, he admitted.

26/04 The Central Bank for the first time tightened the requirements for issuing car loans

From July 1, Russian banks will be required to apply increased risk ratios for car loans issued to borrowers with medium and high debt loads. Car lending in Russia is growing too quickly, says the Central Bank

24/04 Preferential mortgages extended for Donbass residents and special operation participants

Residents of the Belgorod region who lost their homes, as well as participants in the military operation and officials from the new territories will be able to take out a preferential mortgage on a secondary property with a rate of 2%, the program will be valid for a year

23/04 Fears interest rates could be hiked in 2024

There are fears that interest rates could be hiked again as employment holds strong and inflation remains difficult to contain, despite desperate homeowners – including over a million experiencing mortgage stress – waiting for the cost of living relief.

19/04 Issues of microloans to over-leveraged Russians have fallen sharply

14% of microloans are now received by the most heavily leveraged MFO clients, the Central Bank reported. In 2023, this share has decreased threefold. The Bank of Russia attributes this to success in regulation and the fact that “the market agreed to the rules of the game”

02/04 The number of Russians with loans has reached 50 million

The number of citizens who use credit products has reached 50 million, the Central Bank reported. In general, the debt of Russians in 2023 increased by 6.4 trillion rubles.

01/04 Experts predicted tightening conditions for lending to small businesses

In 2024, Russian banks will begin to evaluate borrowers from small and medium-sized businesses more harshly, Expert RA believes. Although the portfolio of such loans is still of high quality, banks expect risks to increase

30/03 Sberbank sharply reduced its share in the preferential mortgage market

In March, Sber's share in the preferential mortgage market fell to 33% compared to 56% in January, Dom.RF estimated. This was influenced by the introduction of commissions for developers by banks. Now Sber refuses them and intends to regain leadership

21/03 Banks proposed changes to the loan write-off scheme for disabled military personnel

Banks want to share with insurers the possible losses that they may incur if SVO participants with group 2 disabilities are allowed not to repay loans. The corresponding bill is currently being considered in the Duma

13/03 The Central Bank and the Prosecutor General's Office will develop measures to combat debtors

The Central Bank, together with the Prosecutor General's Office, is discussing measures to protect Russians from “debtor debtors” - unscrupulous consultants offering to solve debt problems. One way is to ban advertising of such services on the Internet, banks say

01/03 The Central Bank announced new risky schemes when buying a home

Russians began to be offered contracts with the placement of part of the funds on a letter of credit, the Central Bank reported. But unlike escrow accounts, it is not insured by the state, and the borrower may lose money if the bank’s license is revoked

29/02 Russia has tightened the rules for issuing mortgages for primary and secondary housing

The Bank of Russia has introduced premiums to mortgage risk ratios. They now apply to both primary and secondary housing. Supplements are related to the level of the borrower's debt load and the size of the down payment

15/02 The Duma approved the Central Bank's new powers to limit mortgages

Deputies adopted in the first reading a bill that will open up the opportunity for the Central Bank to introduce direct bans on issuing mortgages with certain parameters. The Bank of Russia asked for such powers in order to prevent a “bubble” in this market

13/02 Banks sharply increased the percentage of refusals on consumer loans

In Russia, unsecured loans have become less frequent; experts cite strengthening regulations by the Central Bank as one of the reasons. Experts also noted: on average, debtors spent 59.6% of their income on loans by the end of the year

05/02 Far Eastern mortgages will be extended to participants in military operations

For participants in military operations in Ukraine, age restrictions will be lifted when receiving preferential mortgages. Putin also ordered to raise the loan limit under the program from 6 million to 9 million rubles.

03/02 Sberbank stopped accepting applications for IT mortgages

Sberbank, following PSB Bank, MTS Bank and Bank of St. Petersburg, has stopped accepting applications for IT mortgages. As the press service of Sdelka.rf clarified to TASS, the reason is that the limits on it have been exhausted

01/02 Why You’re Better Off Not Borrowing

The less debt you carry, the happier you’ll be.

01/02 The share of Russians with five or more loans has almost doubled in two years

Over a quarter of borrowers have more than three loans, 8.6% have at least five loans, according to the Scoring Bureau. The debt load is growing, but so far this has not led to a surge in delinquency. This is largely due to the spread of credit cards

23/01 Banks have increased the issuance of consumer loans secured by cars

Against the backdrop of Central Bank restrictions, by the end of 2023, banks increased issuing cash loans to Russians secured by a car. According to NBKI, the share of such loans has increased from the usual 4% to 7%. The Central Bank is monitoring the situation, but does not see any risks yet

16/01 The Central Bank proposed to give the right to limit the issuance of mortgages to banks

The Central Bank proposed to grant the right to limit banks from issuing mortgages secured by collateral in the form of land plots, residential and non-residential premises. The authors of the document believe that the measure will help reduce the number of borrowers with a high debt load

14/01 Albo steps out for Yum Cha amid horror poll

The Albanese government’s midterm malaise looks to have taken hold as voters continue to shun its handling of the continued cost of living crunch, new polling shows.

11/01 Banks are limiting the issuance of preferential mortgages. What is important to know

Large Russian banks are trying to return to the practice of receiving commissions from developers for issuing preferential mortgages. Developers are against it and warn about rising housing prices. What does this mean for apartment buyers - in the RBC material

11/01 Issuance of consumer loans in December was at a five-year minimum

In December 2023, Russian banks approved 2.36 million cash loans to individuals worth 429.9 billion rubles, according to statistics from the analytical company Frank RG, received by RBC. Volume ...

11/01 Russians accumulated loans worth ₽16.8 trillion in 2023

In 2023, loan issuance in Russia increased by more than 1.5 times - banks approved loans to the population for 16.8 trillion rubles, Frank RG calculated. Almost half of new loans were mortgages, despite rising rates

09/01 Russian borrowers will begin to be warned about a critical increase in debts

From 2024, Russians wishing to take out a loan may face new notifications from banks and microfinance organizations - overly over-leveraged clients will begin to be warned about “increased risks”

01/01 New restrictions on issuing loans have come into force in Russia

From January 1, banks will be able to issue only a quarter of the quarterly volume of consumer loans to customers with a relatively high debt load (from 50 to 80%). The decision on new parameters for the second quarter will be made in February

27/12 The Central Bank will tighten the requirements for banks to issue mortgages

Pointing to the risks of citizens' excessive debt burden, the Central Bank announced an additional increase in risk premiums for some mortgage loans. The new rules will come into force on March 1, 2024

16/12 Russia increased its external debt to India in 2022

Russia's debt to India increased from $610.1 million to $777.4 million at the end of this year. The debt to two other creditors - France and South Korea - has decreased

15/12 Real rates on consumer loans returned to the peak of spring 2022

In November, the cost of servicing consumer loans reached almost 30% per annum, as calculated by the Scoring Bureau. Banks included in the rates on such loans not only key growth, but also stricter regulation by the Central Bank

06/12 Gref called talk of a mortgage bubble an exaggeration

There is no bubble in the mortgage market, says Sberbank head German Gref. Only in 0.15% of cases do bank clients take out loans for a down payment

05/12 The Ministry of Finance has developed restrictions for preferential mortgages

Tightening the conditions for issuing preferential mortgages is being considered against the backdrop of rapid lending growth and rising housing prices

03/12 The number of loan defaulters in China has reached its highest level in several years.

One in every hundred Chinese adults was unable to pay their loans and ended up on a blacklist with many restrictions. Economists see China's structural problems in the situation and foretell a worsening crisis

30/11 OKB assessed the number of potential bankrupts in Russia

The United Credit Bureau estimated the number of potential bankrupts in Russia at 9.79 million people, their total debt is 6.33 trillion rubles. A year earlier, there were 8.81 million such borrowers with a total debt of 5.68 trillion rubles.

29/11 “Odnushki” in Russia have risen in price by more than one and a half times in four years

The rise in housing prices is fueled by mortgage lending programs on preferential terms, Frank RG analysts note. By the end of 2023, the market will set another record for mortgage issuance

21/11 Banks have reduced the average limit on approved credit cards

In October, the average receipt for credit cards fell by 4%, to 104.4 thousand rubles, according to the Scoring Bureau. Banks are reducing limits for borrowers to fit into the Central Bank’s new restrictions on the permissible debt load of clients

17/11 The Central Bank proposed obliging debt collectors to communicate with debtors before trial

The Bank of Russia advocated a mandatory pre-trial procedure for the interaction of creditors with borrowers. Almost a quarter of professional debt collectors have no contact with clients at all, according to the FSSP

27/10 Big 4 tip interest rates to rise again

In dire news for Australians struggling with the cost of living crisis, economists from all of the big four banks are all tipping interest rates will rise again in November.

01/08 RBA holds, but interest rate pain has only begun

As widely expected, the Reserve Bank of Australia (RBA) on Tuesday decided to keep the official cash rate (OCR) on hold at 4.10 per cent for the second consecutive month.

28/06 Aussie suburbs where homes are selling at a loss

More Aussie homeowners are selling their properties at a loss in a bid to avoid rising mortgage repayments.

05/06 Another close call expected for homeowners

An average borrower could soon be paying close to 50 per cent more on their home loan should the Reserve Bank decide to lift interest rates.

14/03 Aussie company cashing in on bank collapse

An Australian fintech unicorn – which is valued at $A7.91 billion ($US5.5 billion) – could cash in on the catastrophic collapse of Silicon Valley Bank as companies scramble to open US accounts to receive funds caught up in the bank’s demise.

08/02 ‘Last resort’: Hidden $300,000 mortgage cost

As soaring interest rates force the average Aussie to front up an extra $12,000 a year in mortgage repayments, a slew of banks have begun to roll out super-long-term mortgages, claiming they will help to alleviate some of the pressure.

20/01 Dire forecast for thousands of Aussie buyers

In recent months there has been a great deal of debate surrounding the “fixed rate mortgage cliff” and its impact on the housing market and the broader economy.

09/01 Aussie house prices record largest fall ever

Australian house prices have experienced their largest fall on record according to a leading analyst, with home values nationwide plummeting by almost 10 per cent in just a few months.