Slightly less than a third (30%) of borrowers have virtually no chance of getting a loan from banks due to the lowest personal or individual credit rating (PCR or ICR). They account for only 8.1% of consumer loan application approvals, according to the National Bureau of Credit Histories (NBKI) based on their data. Considering that the average value of positive decisions in 2021 was at the level of 35.1%, the chances of such people to get a consumer loan from a bank are minimal.
Also less than the average value (24.8%) is the probability of obtaining a loan from applicants with an average rating, which is also 30% of borrowers. That is, almost two-thirds of Russians have little chance of having their loan application approved.
Another 30% of applicants, according to NBKI data, have a high rating, and the share of approved applications at this level is already significantly higher – 44.9% of applications. And only 10% of Russians with the highest RCR have a good chance of getting a loan. Banks approve 63% of their applications.
Recall that from January 1 this year, all qualified credit institutions switched to a single scale for calculating the credit rating of borrowers. It is calculated on the basis of credit histories in the range from 1 to 999 points and is indicated on a color scale that reflects the different categories. Red color corresponds to a low degree of creditworthiness (1-179 points), yellow – medium (180-623 points), light green – high (624-912 points), bright green – very high (913-999 points).
Read more in the exclusive Izvestia article:
From each according to creditworthiness: a third of borrowers have almost no chance of borrowing from banks
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
