A loan secured by a car is no longer a rarity, as for some, a loan on the same system. Microcredits are gaining momentum year after year, their number is growing, the quality and range of services that are provided in this sector are improving. Loans that are granted on the security of cars, also grow in all respects.
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One popular in the microfinance sector, ABC Bank, in the first six months of this year, issued more than 6.5 thousand loans against the security of a car. And the total amount of these contracts exceeded 1.5 billion rubles. For comparison, in the first half of last year less than 5 thousand loans were issued totaling just over 1 billion rubles. Thus, only in this company, the increase in the total number of loans secured by auto grew by almost 40%.
Strangely enough, but the average loan amount is fixed most of all not in Moscow and not in St. Petersburg, but in Kaliningrad (a little more than 400 thousand rubles). Tver is in second place (slightly less than 390 thousand rubles), Barnaul is third (350 thousand rubles). If you take the average check in Russia, it amounted to almost 245 thousand rubles.
If we talk about statistics during the year, loans secured by auto “behave” in the same way as other types of microloans. The peak is in December and May, although August of this year showed very similar data to these months.
A loan secured by a car is convenient, as is a similar loan, in that the borrower does not need to try hard to prove his solvency. The Payday Loan reduces its risks and knows for certain that, in which case, it will not remain without money issued and expected profits. But even if you want to take a loan on the usual terms – without any collateral, having a car in your house will definitely increase the chances of getting the desired amount.