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The record for the issuance of car loans was recorded in March in the Russian Federation

The record for the issuance of car loans was recorded in March in the Russian Federation
Photo: pixabay.com

Car loan issuances in Russia rose record-breaking in March. The growth amounted to 27% - to almost 78 billion rubles.

As the RIA News" with reference to a study by the credit bureau Equifax, the number of loans issued for cars increased to 78 thousand units. Thus, the portfolio of Russian credit institutions in March amounted to more than 915 billion rubles (an increase of 1,6%).

However, the overdue debt on car loans increased slightly - up to 56,6 billion rubles. Last year rush demand on auto loans happened in Russia in July. The situation was affected by the lifting of restrictive measures on coronavirus and the fear that there will be an increase in car prices.

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