Russia: 12.5% Of Borrowers Direct Half Of Monthly Income to Loan Repayments

UrBC, Moscow, August 29, 2018. Approximately every one in ten Russian loan-takers (12.5%) have to direct 50% or more of their monthly income to repay their loans as of January-June 2018, Izvestia reports.

Three years previously (January-June 2015) their share was actually 15.14%.

According to the Bank of Russia, the decrease in the number of heavily debt-burdened borrowers has to do with the fact that quite a few mortgage-takers have recently gone for the refinancing schemes available to them.

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