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Banks decided to refuse to issue loans in stores
Almost all large banks have refused to lend in stores over the past three years. Now bets are placed on credit cards - this product is more difficult for the consumer to understand and allows you to earn on commissions and high interest rates.
As they say "News", in 2019, only three of the top 30 banks issued POS loans - Tinkoff, Pochta Bank and Home Credit. Over the past three years, Alfa-Bank, Sberbank and Rosbank have abandoned this type of business, the remaining largest banks have either never given such loans, or they removed this type of product from the line earlier.
Now banks are seizing customers with credit cards in order to subsequently increase commission income, since conditions and interest are not always clear to citizens. Moreover, the rate on cards is higher than with a cash loan.
At the Central Bank, POS loans are considered the least risky, since the share of delinquencies in them for the nine months of 2019 amounted to 4,2%, while for credit cards - 9,4%. POS loans for the three quarters of last year amounted to 3,2% of the total debt on unsecured consumer loans - less than 200 billion rubles.