Experts analyzed data from the register of the Federal Notary Chamber, which lists the collateral with which Russians apply for loans. Details were reported today, September 16, by RBC.
In addition to cars and real estate, which are often used as collateral, Russians also applied for loans secured by expensive products from adult stores, video cards and designer items.
Interestingly, during the period from January to August, 2.3 million new entries appeared in the register, 35% more than in the same period in 2023. In total, there are currently 20.3 million secured loans on the list, half of which are secured by vehicles.
Russians also used video cards, jewelry, watches and paintings, hot tubs, even deer and sleighs, boilers, machine tools and seeders, pigs and sheep, cows and bulls as collateral needed to mine cryptocurrency. The latter, by the way, have become leaders in the “animal” category of collateral motives.
