Despite high rates, there is no point in completely abandoning loans in 2024, says financier Andrei Ponomarev. In a conversation with socialbites.ca, he advised Russians to carefully evaluate their financial capabilities when contacting a bank.
According to the expert, at the beginning of the year, consumer loan rates of the largest banks exceeded 24%. The reason for this is the decisions taken by the Central Bank to combat inflation.
As Ponomarev notes, many banks when issuing loans act according to the “forty percent rule” – the share of loan payments from monthly income should not exceed 40%.
“At current rates, a person with an income of 100 thousand rubles can count on a loan of 400 thousand rubles a year. And if he already owes 20 thousand rubles a month, the next loan will be a maximum of 190-200 thousand,” explained the expert.
In his opinion, MFOs evaluate debtors more faithfully. They focus on your credit history. But the amount of the first loan is usually small – up to 5 thousand rubles. It can only be increased if previous debts are properly repaid.
The day before it became known what kind of loans are in Russia started more willing to give.
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