An important result in the loan

An important result in the loan market for the ” used car ” purpose, which after three years of second place after the restructuring of the house, returns to growth, registering 21.1% and equalizing almost the first purpose (21.3%) .

These are the latest surveys carried out by the Mrs. Observatory in February, which see furniture rank third (15.3%) in third place, followed by the demand for liquidity (12.7%). On the supply side, restructuring continues to dominate the ranking with 33.7%, so we find the used car (22.4%) and still the furnishing purpose (14.2%). In fourth place of the most widely granted loans there is still the car, this time new or zero kilometer, with 11.1% of the total sample.

Higher average amounts, but caution always prevails

The sums requested and granted by banks and credit institutions are growing, with an average amount requested in the first part of the year of 12,228 euros (it was 12,099 euros in the previous six months), and an average amount disbursed of 12,732 euros (12,280 euros the previous semester), the highest result since the second half of 2011.

For the amount classes, they continue to hold the highest ones: 15.1% of the surveyed sample regards requests between 15,000 and 20,000 euros, while 9.7% asked for sums over 25,000 euros. Applications for loans increased between 5,000 and 10,000 euros with 28.0% of the sample (27.6% last semester), confirming the most requested amount, followed by 2,500-5,000 euros with 26.7%.

The results of the disbursements saw only the highest amount of funds grow, with 9.4% of loans granted over 25,000 euros (it was 9.1%), 18.4% between 15,000 and 20,000 euros (it was 18, 0%) and 16.1% between 10,000 and 15,000 euros (it was 15.4%). The amount paid out is also growing, between € 5,000 and € 10,000, which is now set at 30.0% (29.3 last semester).

Data on loan durations

The longest demanded term, 120 months, lost 2 points and now marks 5.3% against 7.3% in the last semester. 24 months are up slightly, now at 14.6% (it was 13.7% before) and 36 months, going from 13.6% to 14.1%.

The part of the concessions is different, with the 96-month period gaining almost 3 percentage points and now marking 8.6% of the total of the sample , while the longest period of 120 months shows a stable 10.8%. The period most favored is also growing, that of 60 months, which now marks 20.5% compared to 18.9% in the last semester of last year.

Interest rates: online loans never so low

Comparing the data recorded in 2018 with online loans, we see that most of the year was characterized by the lowest rates since 2008, with an average of 6.01% in the second and third quarters. The rates for targeted loans also fell, which at the end of last year recorded 9.16% against 9.35% in the previous quarter. The only rise is in personal loans, at 10.01% against 9.92% in the previous quarter.

User profile

Who requests a loan in Italy is mainly between 36 and 45 years (33.4% of the surveyed sample), is a permanent worker (76.0%), resides in northern Italy (43.4%) and has a income between 10,000 and 20,000 euros (44.7%). In fact, banks grant loans in 41.7% of cases to consumers in northern Italy, aged between 36 and 45 (37.4%) and with an income between 20,000 and 30,000 euros (50, 5% of the sample surveyed), an important difference with the data recorded for requests. Another substantial difference concerns loans granted to subjects with permanent employment, 86.7%: more than 10 points more than the percentage recorded for the application.

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