Last year, Russians began to resort more often to payday loans and targeted loans for goods. This was reported by TASS with reference to data from a study by the IDF Eurasia group in Russia and the National Bureau of Credit Histories.
According to the information provided, the number of payday loans that are issued for a period of no more than 30 days increased by 0.5 percentage points (pp) in 2021, while the share of targeted microloans for goods and services in retail outlets increased by 3 .3 p.p. Of the total lending, they amounted to 17.4% and 12.1%, respectively.
“It can be assumed that the flow of demand into the segment of PDL loans (Pay Day Loans, payday loans for up to 30 days) indicates a gradual reduction in the planning horizon of citizens - borrowers focus on life “here and now” rather than on long-term plans, - says in the study.
Experts suggested that the changes that have taken place are due to an increase in demand among Russians for gadgets for study and remote work (laptops, tablets). In addition, trainings and courses in the educational field have become popular.
Earlier it was reported that the share of long-term microloans in the Russian credit market rose to a record 55%.
bbabo.Net