OREANDA-NEWS Last month, the share of approved loans in Russia dropped to 21.4 percent. This was found out by experts from the National Bureau of Credit Histories (NBKI), their conclusions were quoted by Izvestia.

It turned out that only every fourth or fifth application is approved for car loans and consumer loans. As for mortgage loans, residents of Russia face refusals in 60 percent of cases.

Commenting on such statistics, the head of the Expert analytics department "Banks.<url>" Inna Soldatenkova stated that if a client spends more than 80 percent of his income on debt servicing, then the probability of loan refusal is close to 100 percent. However, the risk of not getting approval is high, even if the debt burden is estimated at 50 percent of income.

In turn, economist Alexey Barkhota noted that the low share of approvals is explained by the high level of creditworthiness of citizens. The fact is that by the end of last year, the total amount of debts had grown to almost 37 trillion rubles.

Earlier it was reported that the number of loans issued to pay for higher education has increased in Russia.