It is noted that this is a record quarterly figure for the Russian market.
As Smirnova added, mortgages are “traditionally long loans,” so people are reinsured.
“Despite the fact that there are certain options such as credit vacations, mortgage vacations, people are reinsured to make it easier for them further, and, accordingly, they reduce the loan or generally try to fully repay the mortgage ahead of schedule.
This is the first thing.
The second is that people may simply not know that if they have any difficulties, then we have a program of credit holidays, which the Bank of Russia recommended to extend, despite the fact that November 1 has already ended.
And second, people may not know that there is a mortgage vacation that we have had since 2019.
Therefore, when free funds appear, people begin to pay off their debts so that they can breathe easier, ”the specialist explained.
According to her, people who receive free funds, if they have any obligations, can choose between early repayment and investment somewhere.
But, as the expert noted, in the current situation, people are likely to choose not too risky tools.
She stated that if we talk about where people get money to pay off their mortgages, then some of these sources are, for example, maternity capital, the accumulation of salaries and bonuses, the regular difference between income and expenses on a monthly basis, since, as Smirnova emphasized, not everyone has a zero difference.
Earlier, RBC, citing data from the Bank of Russia, reported that in the third quarter the volume of early repaid loans reached 524.8 billion rubles.
Moody's analyst Maria Malyukova admitted that borrowers could also partially repay mortgage loans from savings that were previously kept in accounts and deposits.