Payday Loan in Novosibirsk 2018

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In the third largest city in Russia, demand for loans rose sharply last year. Judging by the data of a study conducted by the BRT Bank (contracts signed during the first six months of 2018 were investigated), Payday Loans in Novosibirsk and in the region have become very popular. According to the analyzed data, in this period the demand for such kind of lending increased throughout the country.


Growth of Payday Loans in Novosibirsk

According to experts, Russia has more Payday Loans by about a quarter, while the number of loans online has increased by as much as 80%. The total amount of funds issued under such contracts amounted to over 40 billion rubles. Of these, a little more than 10 billion were given precisely in Novosibirsk and the Novosibirsk Region.

There are also partial data at the end of September of the past year. It is estimated that Payday Loans in Novosibirsk over this period are overtaking all regions of Siberia combined. So, for example, in Krasnoyarsk, 15 times fewer loan agreements were signed. In total, by the beginning of October, almost 12.5 billion rubles had been issued in the capital of Siberia. This is almost two times more than in the same period in 2017. In addition, another 14.5 billion rubles were issued in the region.

Growth of Payday Loans in Novosibirsk

In terms of the number of Payday Loans issued, Novosibirsk also overtook itself in 2018 twice. More than 4 million contracts were issued, almost all of them are issued to individuals. Only the average loan amount remained almost unchanged, it rose by one hundred rubles.

It is worth paying attention to the fact that the main growth is still due to online loans. The fact is that the calculation took into account the data of large microcredit companies that are registered in the Novosibirsk region, and gave out Payday Loans to all Russians who apply for lending via the Internet. Therefore, it is difficult to say that Payday Loans grew precisely in Novosibirsk.

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