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Russians are less likely to repay loans ahead of schedule
The share of early repaid loans in 2019 was the lowest in at least six years. According to the results of ten months of this year, the level of early repayments amounted to 22,7% - by 1,7 percentage points less than for the entire last year.
According to RBC, citing data from the National Bureau of Credit Histories, the share of prematurely closed loans has been declining for the second year in a row and unevenly. According to experts, this could be affected by an increase in the financial burden of borrowers and a deterioration in their financial situation.
According to the NBCH, ahead of schedule, Russians usually pay on car loans. During the ten months of this year, 30,1% of such loans were closed ahead of schedule, however, at the end of last year, this indicator was 4,9 percentage points higher. The decrease also affected the segment of unsecured loans - reduction by 3,2 percentage points, to 24,4%,
On the contrary, Russians began to close their credit debt more actively by 16,5% compared to last year's 12,1%. In the mortgage, the volume of early repayments also increased slightly - up to 13%, however, the level of early repayment lags behind the average values of previous years.