Loan consumer is money that can be spent on a number of different expenses. September 3 on the X platform Pekao Bank SA published an analysis of newly granted consumer loans in Poland. It shows that July saw an exceptional record.
Bank Pekao SA publishes data on consumer credit. “A record was broken”
“In July, a record value of new consumer loans was broken – PLN 9.1 billion. This is a lot, but after correction for the prices of goods and services (core CPI) we land below the peaks from 2019. Nevertheless, at this level of interest rates, this is an impressive result,” he informed. bank Pekao SA. Below is a graph of newly granted consumer loans over the last eleven years.
The bank also presented an analysis of newly granted housing loans. “In turn, PLN 6.5 billion of new housing loans is… a completely normal value for this segment, equivalent to PLN 3 billion / month a decade ago,” it was reported on the X platform.
Consumer credit – what is it and who can get it?
The money from a consumer loan can be used for broadly understood consumer purposes. This can be, for example, home renovation, purchase car or financing holidays. Consumer credit funds may only be used for private life purposes.
Such a loan is granted by banks and is repaid in installments. The decision to grant a loan is made by the bank based on the credit risk assessment. The maximum amount is not set and depends on creditworthiness. When assessing, the bank takes into account the borrower's costs and income, and also verifies the credit history.
Consumer credit is an offer only for consumers. According to the Civil Code, a consumer is a natural person who performs a legal act unrelated to their business or professional activity.