We took out more €780m worth of personal loans in just three months last year.
A report from the Banking and Payments Federation shows 73, 620 loans were drawn down between July and September – The highest quarterly level since 2020.
Car loans are up over 22% year on year, while green loans saw the highest growth of over 31%.
Despite the rise in borrowing overall, the average loan value fell slightly.
Anthony O’Brien, Head of research at the BPFI explains what is driving high borrowing…
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