The analysis carried out by the Credit House Eugelio Wanjin and Spark Bank shows that within a month the creditworthiness of potential borrowers remained virtually unchanged.
The analysis carried out by the Credit House Eugelio Wanjin and Spark Bank shows that within a month the creditworthiness of potential borrowers remained virtually unchanged. Larger differences will be observed after the new year, when the amended recommendation S enters into force.
Interest rates that affect the interest rate on loans remain unchanged since July. This situation should also persist in the following months. The Monetary Policy Council is not planning further reductions, thanks to which WIBOR 3M has been assuming an average value of around 2.69% for three months. The second component of interest, i.e. the bank’s margin, also remains stable. The increase in margins for model customers in September was just 0.08% for the family and 0.04% for the single. It can therefore be assumed that the interest rate has not changed.
The average salary in the enterprise sector, which we take as the basis for determining the income of our model borrowers, has fallen by $ 70 (less than 2%).
Borrowers will probably not change
The new year should bring a few percent improvement in capacity due to a more favorable way of calculating creditworthiness. The loan period, which banks take into account when determining the creditworthiness of applicants, will be extended. Currently, it cannot be longer than 25 years regardless of how long loans are taken. From January it will be able to reach even 35 years, while banks will no longer be able to grant loans for a longer period than just 35 years (currently loans for up to 50 years are available).
The last months have been a time of stability in the area of creditworthiness. The average creditworthiness fluctuates slightly in subsequent periods, however, there are no movements that change the market image dramatically. We can certainly say that the reduction in interest rates and the decrease in the Wibor rate have already been fully exhausted and no further positive effects on the creditworthiness of Poles should be expected. The interest rate on loans will no longer fall and this factor will no longer affect the increase in payment options. Therefore, the coming months should not bring major changes in creditworthiness. A large increase may take place only after banks introduce Recommendation S, which should result in an increase in available amounts by about 5-7 percent.
The average creditworthiness of the model family in September was 397 thousand. Golden. That’s 2 percent less than a month earlier. Although the average of 18 banks has changed only slightly, in some of them separately, larger equations can be observed. For the first time in several months, Rose Bank does not offer the highest loan amount. In September, the borrower model, the most, because 488 thousand. They could receive $ 5,000 from Golden Leaf Bank. It offers our borrowers $ 32,000 more loans than in August. In second place, for the first time on the podium was CitySave Bank with a loan for the amount of 419 thousand. Golden. On the third vBank with the amount of 409 thousand. $ – by $ 16 thousand $ lower than a month earlier.
The model single could receive $ 216 thousand in September, less than 2.2 thousand. $ more than in August (increase in capacity by 1 percent). The first three banks remained unchanged. Pekao SA would grant the most credit – 270,000 USD 3 thousand more than a month earlier. In second place, as in August, was vBank with a loan of 267 thousand (increase in capacity by 4 thousand). The third place is Bold Savings Bank with 245,000. $ (up to $ 15,000 higher).