The Central Bank reported a decrease in the share of payday loans to a record 34% - Kommersant

The Central Bank reported a decrease in the share of payday loans to a record 34% - Kommersant


The central bank reported a decline in the share of short-term payday loans (PDL) to its lowest level since 2017. In 2023, it dropped to 34%. IN message The Central Bank says that the reduction in the share is due to the regulator’s new requirements for a rate of no more than 0.8% per day and a maximum overpayment of no more than 1.3% of the debt amount for the entire period.

According to the Central Bank, the share of PDL also decreased due to tightening limits for borrowers with a high debt burden. Such measures made it possible to improve the quality of the portfolios of microfinance organizations and reduce the share of overdue debt with a maturity of up to 90 days by 9%. The Central Bank's statement notes that this is the lowest value since the beginning of 2021.

The regulator notes that at the end of last year, the microloan portfolio grew by 22%, to 443 billion rubles. Online lending dominated in this segment - only every fifth loan was issued in offices. The average PDL loan size at the end of 2023 was 12 thousand rubles.

On March 26, Vedomosti, citing data from the National Bureau of Credit Histories, reported that in 2023, Russians took out almost 35 million PDL loans in the amount of up to 30 thousand rubles. for up to a month with a one-time repayment. In 2022, there were 12.25% fewer such loans, and in 2021 – 22% fewer. In total, over the three quarters of 2023, citizens borrowed 348.1 billion rubles from microfinance organizations. - 18.2% more than similar values ​​in 2022.

Read more about the situation in the microfinance market in the Kommersant article. “Microloans pass through networks”.



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