More Loans Being Borrowed And At Higher Value, According To New Figures

The Banking and Payments Federation of Ireland released their new report for the third quarter of 2024.

People are borrowing more loans now than they were a year ago, with the value of loans also seeing an increase. 

New figures release from the Banking and Payments Federation of Ireland show a rise in car and home improvement loans taken out in the final quarter of 2024. 

The value of personal loans also saw a surge, reaching €670m across all categories, and green loan values reached their highest point to date at over €24,000. 

Head of Lending at North Midlands Credit Union, Collette O'Connell, says recently things have tapered off slightly but are overall holding strong:

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