Borrowers did not reach the salary – Kommersant

In the payday loans segment, the actual disbursed amount is only two-thirds of the client’s request. This is the lowest since the beginning of 2022. In the segment of medium-term loans, the situation is reversed – the issuance is approaching the request and is at a maximum in two years. Medium-term loans allow you to stretch the borrower’s debt load and at the same time approve a large amount for him.

According to the results of March, the average requested amount in the segment of PDL loans (“before salary”, up to 30 thousand rubles for a period of up to 30 days) amounted to 12.7 thousand rubles. At the same time, the average amount of loans actually issued by microfinance organizations amounted to 8.4 thousand rubles, or 66.3% of the initial request, follows from the data of SRO MiR, which Kommersant has read. This is the lowest value since January 2022, when MFIs issued an average of 65% of the amount requested. Even in March-April last year, at the height of the crisis, the figure was 78-79%.

There are no consolidated data for April and early May yet. But, according to Andrey Greznev, Marketing Director of MoneyMan, in the segment of short loans in April and for the first two weeks of May, the ratio of issuance and request was 63.5%. In Eqvanta Group, the figure is at the level of 45%.

According to Roman Makarov, CEO of Zaimer, “there is a struggle for new clients, but due to the debt load of many of them, MFIs have to issue two to three times less than required.” At the end of the year, against the backdrop of a weak recovery in consumer activity, we can expect a decrease in the size of the requested loan amount within 3-5% compared to 2022, believes Igor Smirnov, CEO of Creditter MCC.

In the segment of Installment-loans (medium-term loans) the situation is reversed – the issued amount is approaching the requested one (88% in March) and is at the maximum level in two years. The difference will continue to decrease, Elena Stratieva, director of SRO MiR, is sure. Moreover, the target audience of Installment loans is closer to banking, which means that the level of delinquency among these clients is traditionally lower, adds Elman Mehdiyev, president of SRO NAPCA.

“As a rule, Installments are issued to the very best clients. These loans are also extended in time, that is, they have less impact on the client’s debt load at the moment. Therefore, it is logical that the difference between the requested amount and real disbursements is decreasing,” confirms Andrei Ponomarev, CEO of the Webbankir online financial platform.

The trend for the development of medium-term loans is taking place in the industry against the backdrop of restrictions from the regulator, said Ion Boloboshencu, Risk Director at Eqvanta Group. So, in 2023, in addition to the requirements for PIT, other regulation of the MFO market will also be tightened. The limits include the maximum level of overpayments on a loan, taking into account all interest, penalties and fines. At present, it does not exceed 1.5, and from April 1, it should not exceed 1.3 of the loan amount. In addition, from July 1, the daily rate will decrease from 1% (365% per annum) to 0.8% (292% per annum, see Kommersant of February 8).

According to the Executive Director of the financial marketplace Vyberu.ru Yaroslav Bajurak, in the first four months of 2023, the Installments category was interested in almost 35% more often than in the same period in 2022. If we talk about the prospects for the second half of the year, then, according to Nikita Kotochigov, Product Director of Migcredit, the average check will grow, since the maximum daily rate changes from July 1, and in order to maintain current revenues, companies need to increase checks.

“The popularity of annual products is growing,” adds Elena Malysheva, Commercial Director of Summit Group. According to her, the combination of a moderate request and a choice in favor of a long term “indicates a prudent attitude and an orientation towards the feasibility of a monthly payment.”

Polina Trifonova