Microloans for up to 30 days account for 17.4% of the total volume of applications, the share of POS microloans is 12.1%. The share of IL-loans, which are issued for a period of 30 days in the amount of up to 30,000 rubles, decreased from 63 to 59.7%, the study notes.
“The share of IL loans in excess of 30,000 rubles. remained virtually unchanged and amounted to 2% (+0.1 p.p.). The share of other microloans decreased by 0.4 percentage points to 8.8%,” TASS quotes excerpts from the study.
In January 2022, the share of PDL loans (Pay Day Loans, payday loans for up to 30 days) was 19.7%, POS loans – 13.3%, IL loans in the amount of up to 30,000 rubles. – 58.4%, IL-loans in excess of 30,000 rubles. – 1.7%, other loans – 6.9%.
“It can be assumed that the flow of demand into the PDL-loans segment indicates a gradual reduction in the planning horizon of citizens – borrowers are focusing on life “here and now” rather than long-term plans,” experts from the NBKI and IDF Eurasia explained.
The share of overdue payday loans in Russia in the first six months of 2021 amounted to 55–57%, Ilya Kochetkov, director of the Bank of Russia’s microfinance market department, said in November last year. “The average delay in the microfinance market is now about 28%, but at the same time, this delay varies greatly depending on the type of loan,” the representative of the Central Bank noted.
The share of long-term microloans (exceeding 30,000 rubles and issued for more than 30 days) in the portfolio of Russian microfinance organizations reached a historically record 55% in the third quarter of last year, according to the Central Bank’s “Overview of Key Indicators of Microfinance Institutions”. At the same time, the total volume of microloans reached RUB 305 billion, up 6% qoq and 35% yoy. At the same time, the share of short-term loans decreased to 36%.