‘The so-called holiday loans naturally become much more popular in the summer, as the customers need to pay for their vacations, get ready for these trips and pack as well as make sure they have a certain sum of money on them when they go somewhere,’ says URSA Bank’s Ural branch’s Mass Lending Director Tatiana Sosnovskikh. She believes express loans enjoy the greatest demand, as it only takes a little time to get such a loan, while the amount will be quite sufficient for covering holiday expenses.

‘Most of our customers prefer to use credit cards instead of having to carry cash around,’ Tatiana Sosnovskikh adds.