Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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In Russia, the issuance of car loans decreased

In Russia, the issuance of car loans decreased
Photo: pixabay.com

In Russia, began to give less car loans. In April, their number decreased by 80% compared to last month. Banks issued customers only 13,3 loans.

According to the Joint Credit Bureau, car loans were hit harder by the crisis than other market segments. This is due to both a decrease in the availability of car dealerships and a tightening of banks' requirements for borrowers.

Experts believe that the demand for this type of loans will recover more slowly than for other loans. Car prices are rising monthly, since their production is significantly dependent on the exchange rate of foreign currencies. Some borrowers may prefer not to buy new, but used cars.

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