26.12.2025, 06:23
The share of car loan approvals in Russia has dropped this fall
Source: OREANDA-NEWS
OREANDA-NEWS The share of car loan approvals in Russia in the fall of 2025 fell to 21% from 30.3% a year earlier, according to a study by the fintech service PSB Finance, which RIA Novosti has.
"Only one in five borrowers (21%) who applied to the bank was able to get a car loan in the fall of 2025. A year earlier, this figure was 30.3%. The key difficulties in the registration process were identified by customers as the need to confirm official income and the requirement of banks to purchase expensive insurance products," says the study, which surveyed 5,000 people across Russia in October-November 2025.
The study found that it has become more difficult to get a loan to buy a car over the past year. So, 18.4% of those who applied for a loan this fall noted that it was not easy to get a loan due to the requirement to officially confirm their income. To do this, it was necessary to collect documents, despite the fact that part of the borrowers' income may end up in the "gray zone".
"Only one in five borrowers (21%) who applied to the bank was able to get a car loan in the fall of 2025. A year earlier, this figure was 30.3%. The key difficulties in the registration process were identified by customers as the need to confirm official income and the requirement of banks to purchase expensive insurance products," says the study, which surveyed 5,000 people across Russia in October-November 2025.
The study found that it has become more difficult to get a loan to buy a car over the past year. So, 18.4% of those who applied for a loan this fall noted that it was not easy to get a loan due to the requirement to officially confirm their income. To do this, it was necessary to collect documents, despite the fact that part of the borrowers' income may end up in the "gray zone".
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