Photo: Yury Martyanov / Kommersant
In the first half of 2020, many Russian banks have tightened the conditions for granting loans to buy housing. In particular, they increased the minimum down payment on mortgages. About this “Vedomosti”, citing data from the monitoring of the marketing Agency Mags.
According to analysts, among the ten largest Russian banks in terms of mortgage portfolio four — Raiffeisenbank, Alfa-Bank, FK “Opening” and PSB increased the minimum contribution of 5-10 percentage points, thus limiting the credit available to many Russians. In addition, the PSB refused mortgage programs with zero down payment, which existed until the start of the pandemic coronavirus.
The tightening has not touched a reduced mortgage at 6.5 percent per annum, the newspaper notes, on the contrary, in June the Ministry of Finance has proposed to reduce the size of the down payment on it from 20 to 15 percent. The relevant document passes the coordination in the government.
Currently, mortgage with low — no more than 10 percent of the purchase price — an initial payment offer only a few large banks. And often, according to “Vedomosti”, it is issued only to special categories of citizens — the privileged borrowers, not the people “from the street”. In fact, a typical borrower to get a loan with a 10 percent contribution is possible in only two major credit institutions — VTB and “House.of the Russian Federation”. Also, such a mortgage issue, a number of regional banks.
Earlier in July it became known that in Russia decreased the share of approved applications for credit cards. During the year it decreased by 8 percent and amounted to 31 percent. To keep risks at an acceptable level, credit institutions have tightened the conditions for issuing cards. In addition, decreased demand Russians on loans.
Video, photo All from Russia.