Self-banВ onВ loans andВ microloans: consumer profile
Nearly 92% of individuals who set a self-ban over the first month after the option became available preferred a complete self-ban, including on raising loans and microloans from banks and microfinance organisations (MFOs) both in-person and online. This information has been received by the Bank of Russia based on credit history bureaus’ data.
Among the individuals who set a self-ban, 44% have no effective loan or microloan agreements. Moreover, 26% of these individuals have never concluded such agreements before.
People who only have outstanding microloans from MFOs accounted for less than 1% of those who set a self-ban.
The largest number of self-bans were set by residents of Moscow and the Moscow Region (over 19% of the individuals who used this option in Russia), Saint Petersburg (more than 5%), the Rostov and Sverdlovsk Regions, the Republic of Bashkortostan and the Krasnodar Territory (over 3% in each of the constituent territories).
Over the first month after its launch, the new instrument was used by more than 8.1 million people. This is evidence that the new anti-fraud mechanism is highly demanded.
A detailed profile of an individual who set a self-ban over the first month is available on the Bank of Russia website.