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Business / Finance

A gray beard, a demon loan

Banki.ru: themes of the day 22.08.2018 at 21:00

Banking and financial news on the website Banki.ru

Russian pensioners in the first half took loans worth 212,75 billion — 45% more than in 2017. Why are banks more willing to approve loans to retirees than working citizens?

Credit 60+

In the first half of 2018, Russian banks issued to borrowers older than 60 years of 1.91 million loans totaling 212,75 billion. Such data are cited by the joint credit Bureau (OKB). The number of new loans pensioners increased by 11%, and the amount of loans increased by 45% compared to the same period last year. However, the proportion of pensioners among all new borrowers over the past year has declined slightly from 11.4% to 10.9%. But the level of approval of loans to older borrowers, on the contrary, increased. If in the first half of 2017 was approved by 62.5% of loan applications from people aged over 60 years, in January — June 2018 — 69%. For comparison: among citizens younger than 60 years, the level of approval of credit applications in 2018, while 46.8%.

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by 1 July 2018 open loans had to 8.28 million Russian retirees, and their total debt to banks amounted to 885,99 billion. 59% of borrowers over 60 years old have one open loan, 22% — two public credit, 10% three, 5% four open credit, and 4% five or more open credit. On average, each borrower over 60 years old have Bank 106 thousand rubles. Among citizens under the age of 60 years, the average debt to banks is much higher and amounts to 273 thousand rubles.

75 the borrower berry again

In the Bank "Russian Standard" has confirmed the interest of Mature age borrowers to credit products. "However, after 68 years of applications to the Bank practically does not arrive. In this regard, the upper age limit for the loan at most major banks — 70 years", — told in the press service of the credit institution.

a Slight increase in lending to borrowers over the age of 50 (not 60) years of age see in the Bank "East". "We do see growth — though small — in lending to people in the age group over 50 in the first half of 2018, compared with the first half of 2017. We are talking about the growth of demand for loans and credit cards. The growth of applications for credit products from people in this age group was 7%," — said Vice-President of Bank "the East" Ekaterina Tuton.

the Bank is ready to provide loans to the borrowers up to 75 years depending on the product, says Vice President, Director of risk management Bank "Renaissance Credit" Gregory Shabashkevich. "For credit cards, the maximum age is 65 years for cash loans — 70 years, for non-earmarked loans was 75 years. Pensioners equally sought-after cash loans and loans for the purchase of goods in points of sale," he says.

According to Catherine Tuton, the most popular segments for spending on credit cards are supermarkets and grocery stores, pharmacies, and medical services and housing services. Consumer loans elderly people are more likely to take on the repair of apartments, houses, villas, home appliances, and medical treatment. The "Russian Standard" point out that most borrowers in the age apply for loans for repair or construction and expensive gifts for loved ones.

Customers-pensioners are in the category of good borrowers, so the banks are happy to give them credit, say representatives of the credit organizations. At the same time, retirees are not willing to settle for the necessities and apply for loans.

"Thus the Bank's clients trust, because older people are at "good" borrowers: they are responsible and careful in fulfilling their credit obligations, have a stable source of income. A significant proportion of these customers has a positive credit history, which is one of the most important factors when issuing a new loan. But older people are increasingly interested in banking services, perhaps with the retirement they do not want to settle for just that is necessary," — says Ekaterina Tuton.

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"Traditionally, older people are more responsible in planning a family budget and maintenance loans. Borrowers retirement age every year becoming more active and advanced users. They are responsible approach to their decision-making and if you undertake, do it very consciously," adds Gregory Shabashkevich.

raising the retirement age? Bankers for

once will increase the retirement age, banks will be even more willing to lend to older people.

"raising the retirement age gives banks a signal to the revision of credit policies for borrowers over 60 years old. I think in favor of such borrowers, change credit limits and interest rates, — says Vice-President of holding "Russian Standard" Eldar bikmayev. After raising the retirement age we are considering the launch of new credit products for clients 60+ with low interest rate. Today there is a steady trend among doctors and teachers who continue to work, being already in a very Mature age. Statistics show that employed people are reliable borrowers with a high payment discipline. After 60 years people don't change jobs, so they will be offered more favorable terms, taking into account the data".

According to leading analyst on Bank ratings "Expert RA" Catherine Soriginal, the growth of loans to pensioners linked with the General trends in the consumer credit market: realization of postponed demand in fairly comfortable at the moment lending rates.

Another factor is the aging of the population. The proportion of older people is growing.

"most Likely, the described trend is also associated with the aging of the population: according to the Rosstat forecast, in 2030 the proportion of the population aged 65 years and over will increase to 18% in the optimistic scenario, and pessimistic when it will be even higher with 19.4%. That is, the pensioners will represent a significant proportion of the client base of credit institutions. And win their loyalty, and learn to work with them it is necessary already today", — said General Director of IFC "Mani Fanny" Alexander Shustov.

"Because of plans to raise the retirement age, banks may raise the minimum age, and maybe some of the players have already started to tailor its requirements under the new retirement age," suggests Catherine Shurigina.

Anna PONOMAREVA, Banki.ru