The financiers calculated the average interest rate on a non-earmarked loan without a guarantor and collateral. Officially, on February 5, it reached 23.09% per annum.In comparison with the previous indicator, the new rose by 0.22%. The figure may not seem significant, but this growth occurred in just one calendar month.
Loan became more expensive due to changes in conditions
The average non-target loan became more expensive due to changes in conditions in several major banks of our country. So, for example, SberBank raised interest on similar loans, which it had reduced before, launching interesting stocks for the population. The percentage for using the service from VTB 24 and several others has increased.
A similar situation occurs on the credit card side. The average rate on them, although not by much, but also rose. On the same date it was 30.85% per annum.
To calculate these statistics, financial experts studied several loan products that may fit the definition of “non-target credit” in 30 major banks. Special loans that are issued to one or another customers on favorable terms were not taken into account.
What is an inappropriate loan?
Based on the name of the service, you can understand its main criterion. A non-earmarked loan is a loan that a client can receive without specifying what he needs money for. Conditions for such a loan add risk to the lender. And when the creditor observes the threat of non-return of money given out, he either refuses the client or raises the interest.
It can also be obtained by providing a smaller package of documents
In many ways, this service is similar to a microloan. It can also be obtained by providing a smaller package of documents and spending less time on the execution of the contract. The figure may not seem significant, but this growth occurred in just one calendar month.