Photo: Ramil Sitdikov / RIA Novosti
Russian banks last spring to tighten conditions for granting loans for purchase of housing, returned to “docolomansky” the level of approval of mortgage applications. About it RIA Novosti said the General Director of credit Bureau “Equifax” Oleg Lagutkin.
With the abolition of restrictions related to the spread of coronavirus infection, the credit facility was again simplified, and the proportion of mortgage applications approved reached the level at 78-80 percent, the expert said. “Banks has temporarily adjusted its credit policy, and after the abolition of imposed government restrictions began to recover their credit policy to pre-crisis level”, — he explained.
According to Lagutkina, the volume of mortgages has already started to regain the spring decline: by the end of June were issued to housing loans 116,2 billion rubles (plus 0.9 percent of the index for the same period of 2019). However “darowizny” level has not been reached yet: in March, the volume of issuance amounted to 197,9 billion.
Earlier it was reported that 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. Among the ten largest Russian banks in terms of mortgage portfolio four — Raiffeisenbank, Alfa-Bank, FK “Opening” and Promsvyazbank has raised the minimum contribution of 5-10 percentage points.
Video, photo All from Russia.