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LOAN APPLICATIONS OF 60% RUSSIANS WERE REJECTED IN 2020

... three-year anti-record was cut. As noted by RBC, this is due to the tightening of the banks' policies, while the most tangible increase in refusals was observed in the field of car loans. If in 2019 almost 57% of applications were rejected, then in 2020 their number was already 62%. The number of unsecured loans and credit cards also declined - banks approved only 31% of applications. However, in mortgages, the situation is the opposite - more applications were approved than in the last four years, 71.3% of Russians received loans. The National Bureau of Credit Histories notes that the increase in the number of approved mortgages is associated ...

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