Content |
The main articles are:
Interest rates on car loans
{{# CentroBank: statAutoCredit 'Weighted average interest rates on car loans in Russia}}
2025
Increase in the number of car loans issued to 758 thousand.
In 2025, banks in Russia issued 758 thousand loans for the purchase of new cars. This is stated in a joint study by Frank RG and Autostat in January 2026. In monetary terms, the market volume amounted to 1.12 trillion rubles, + 1% compared to 2024. The average size of a car loan is 1.44 million rubles (-2.7[1]
The volume of car loans issued in Russia for the year decreased by 25% to 1.7 trillion rubles
In 2025, the total volume of car loans issued in Russia amounted to 1.7 trillion rubles. This figure is 25% lower than the results of 2024. This is evidenced by the data of VTB analysts, published on January 15, 2026.
The VTB press service said that the maximum amount of lending in 2025 was recorded in October. This month, banks issued 27% more car loans than in October 2024. The main demand during the year was formed for Russian and Chinese-made cars, which retained their leading positions in the market.
Analysts Kommersant highlight key factors that put pressure on the car loan market. The first factor is the increase in the cost of cars. The price was affected by difficulties with logistics, an increase in customs payments and recycling fees. Higher prices have directly reduced the availability of purchases for potential borrowers.
The second factor is the introduction of mandatory income confirmation for obtaining a loan from October 2025. This requirement affects most customers, since the average car loan in the country is 1.2 million rubles.
The third factor is the new powers of the Central Bank. Since April 2025, the regulator has received the right to set limits on the issuance of car loans. The Central Bank can determine the maximum amount of lending depending on the debt burden of the borrower and impose restrictions on the issuance of long-term loans.
VTB's forecast for January 2026 assumes an increase in the issuance of car loans to 116 billion rubles. This figure will exceed the result of January 2025 by 36%. The bank's specialists attribute the expected rise to two factors: traditional seasonal discounts from official dealers and the effect of buying cars of the previous model year at a more attractive price.
Despite the projected growth in early 2026, VTB experts expect that the total volume of the car loan market throughout 2026 will remain at a level comparable to 2025. The market is showing adaptation to new conditions after a significant decline in activity in the past year.[2][3]
In Russia, for the first time began to conduct fully electronic transactions for the sale of new cars
Sberbank and the car brand Changan conducted the first car loan transaction in Russia without using paper documents. The process of buying a new car took no more than 15 minutes. The technology became available to all bank customers when buying new cars of any brand. This became known on December 4, 2025. Read more here.
2023
Russians took a record volume of car loans - 1.3 trillion rubles
In 2023, Russians issued car loans for a record amount of 1.3 trillion rubles, which was a significant increase compared to 2022. This is stated in the data of the Scoring Bureau, which became known in June 2024.
According to Izvestia, for the period from January to December 2023, 932.1 thousand car loan agreements were concluded, which is 70% more than in 2022. According to the Scoring Bureau, the total volume of car loans has doubled, reaching a record 1.3 trillion rubles. The average loan amount for the purchase of a car in December 2023 amounted to 1.4 million rubles, which is 20% more compared to 2022. The average loan term approached 70 months, which is almost six years.
In
According to Igor Lisyansky from Scoring Bureau, one of the reasons for this growth was the low base of 2022. The largest banks confirmed that the issuance of car loans in 2023 reached record levels. Aleksei Volkov from the National Bureau of Credit Histories (NBCH) added that the increase in the number of transactions was influenced by the resumption of state programs of preferential car loans and the offer of new cars.
The increase in car loan volumes is also explained by an increase in the average check. According to representatives of the credit bureau, prices for the most popular car models have increased significantly. This contributed to an increase in the total volume of car loan issues.
 | Now we can say that the car loan segment has relatively recovered after external shocks, which, of course, indicates positive dynamics even against the background of all structural changes in the market, - said Igor Lisyansky. |  |
In his opinion, the resumption of state programs of preferential car loans played a key role in stimulating demand for car loans. This allowed many Russians to take advantage of favorable conditions for the purchase of cars. According to the newspaper, the car loan market demonstrates steady growth and adaptation to new economic conditions.[4]
The issuance of car loans remains at the maximum - 57 billion rubles a month
At the end of December, the issuance of car loans in Russia remained at its maximum - from August to December 2023, a net increase of 57 billion per month compared to 31 billion in January-July 2023 and 19 billion rubles in 2021. The growth may be associated with deferred demand, the implementation of discount programs at dealers at the end of the year and expectations of an increase in car prices due to devaluation.
Allocation of 17.3 billion rubles of state funds for preferential car loans
On November 15, 2023, the State Duma approved the draft federal budget with increased funding for demand support programs for cars and other equipment. Concessional lending provides for 17.3 billion rubles. This amount of funds was allocated only once - in 2020 against the background of the COVID-19 coronavirus pandemic.
Initially, the draft budget for the upcoming three-year period provided for 50.1 billion rubles for preferential car loans - 12.3 billion rubles in 2024, 18.07 billion in 2025 and 19.7 billion in 2026. The adopted amendments to the budget imply an increase in the amount of funding for preferential car loan programs by an additional 5 billion rubles for each year of the next three years. For preferential leasing programs, an increase of an additional 7 billion rubles is expected, also annually. Thus, in 2024, the planned amount of financing of preferential car loans increased to 17.3 billion rubles, preferential leasing - to 9 billion rubles.
Cars are very expensive and there are categories of the population who cannot afford to buy for their own money, businesses also need to update their fleets, so they cannot do without state support for the market, says auto expert Vladimir Bespalov. According to him, the main thing is that the support is correctly structured, and its beneficiaries among manufacturers are those companies that really increase the localization of their products. It is also important that, in general, the volume of production of vehicles to the country grows, he added in a conversation with Vedomosti.
Sergey Udalov from Avtostat believes that the car loan market in 2024 is likely to remain at the level of 2023 or slightly decrease. At the same time, the program of preferential car loans will continue to be in demand, since it makes it possible to purchase a car more profitable than on credit without state support, he said.[5]
2022: Launch of preferential car loans
In mid-July 2022, the Ministry of Industry and Trade announced the resumption of programs to stimulate demand for Russian-made cars - including through preferential car loans and leasing - with a total budget of 20.7 billion rubles. Read more here.
2021: The volume of car loans issued in Russia reached 1.1 trillion rubles
The volume of issuance of bank loans for the purchase of cars in 2021 reached a record 1.1 trillion rubles, an increase of almost 1.5 times compared to 2020. Such data on January 13, 2022 led to VTB.
We are talking about the entire car loan market. VTB itself in 2021 concluded more than 86 thousand such transactions in the amount of 101 billion rubles (+ 27% by 2020). The share of online loan applications amounted to 29%.
According to VTB Vice President Vladimir Vysotsky, the dynamics of the car loan market in 2021 was influenced by pent-up demand due to the COVID-19 coronavirus pandemic, a state support program and favorable lending rates. In 2022, against the background of a slowdown in price growth, customer demand for car loans will remain high, and their issuance will reach 1.2-1.3 trillion rubles, the bank predicts.
Marketing Director of the NBCH Aleksei Volkov, in a conversation with RBC, noted that the record of car loans for Russians in 2021 should not be recorded in the "category of serious victories," since it was the result of a failed 2020. According to the bureau, in 2020, when loan rates fell, Russian banks issued car loans worth 769.8 billion rubles (this is the previous record), which is only slightly more than in pre-crisis 2019 (749.7 billion rubles). Data for 2021 in the NBCH by January 13, 2022 do not lead.
| | The COVID-19 pandemic and its consequences have affected the automotive market around the world. This is the semiconductor crisis, which entailed a shortage in the market for new cars, and the interruptions in the supply of other materials and elements predicted by experts in 2022, as well as other factors, - said Ivan Zhigarev, head of VTB's Car Credit Department. | |
The lack of supply in the market and the rise in prices ensured an increase in the average check of car loans. According to Frank RG, the average loan for the purchase of a car in Russia in 2021 grew by about a third.[6]
According to the NBCH, in 2021 the largest volume of issued car loans in the regions of the Russian Federation was noted in Moscow (138.6 billion rubles), the Moscow region (88.6 billion rubles), St. Petersburg (77.4 billion rubles), as well as in the Krasnodar Territory (57.0 billion rubles) and the Republic of Tatarstan (43.7 billion rubles). At the same time, the largest volume of issued car loans in 2021 (among the 30 leading regions in terms of the number of issued car loans) compared to 2020 increased in the Krasnodar Territory (+ 82.1%) and Stavropol (+ 69.0%) regions , Irkutsk Region (+ 68.1%), Krasnoyarsk Territory (+ 64.7%), as well as in the Moscow Region (+ 61.5 %). In Moscow and St. Petersburg, the volume of loans issued for the purchase of cars in 2021 increased by 57.4% and 46.6%, respectively. More information about the data on the regions of the Russian Federation can be found in the table compiled by the NBCH.
2016: Overdue debt 102.4 billion rubles (+ 6.7 %)
According to 4000 creditors submitting information to the National Bureau of Credit Histories (NBCH), in 2016 overdue debt over 30 days on car loans increased by 6.7% (or 6.5 billion rubles) and as of 01.01.2017 reached 102.4 billion rubles. (as of 01.01.2016. - 95.9 billion rubles). At the same time, the total volume of existing car loans as of January 1, 2017 amounted to 1.02 trillion rubles, having decreased over the year by 6.5% (or 70 billion rubles) (as of 01/01/2016 - 1.09 trillion rubles)
Thus, the share of delinquency in this segment of retail lending to the total volume of the car loan portfolio at the beginning of this year amounted to 10.1%, an increase of 1.3 percentage points over the year (as of 01.01.2016. – 8,8%)
The highest dynamics of growth in the share of overdue debt to the total volume of existing car loans was noted in the Altai Republic (+ 7.8 pp), Nenets Autonomous Okrug (+ 7.6 pp) and the Tver Region (+ 6.1 pp). At the same time, in a number of regions, the share of delinquency in the portfolio of car loans has decreased. The most serious decline was demonstrated by the Chechen Republic (-7.4 pp), the Republic of Ingushetia (-3.4 pp) and the Republic of Adygea (-1.7 pp)
Notes
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |