Conso credit: the production leaps at the end of the year



Consumer credit production rebounded sharply in November. According to the latest survey published by the ASF (Association of Financial Companies), all types of loans are up.

“Classic” credits up 8.6%

"Classic" credits up 8.6%

Activity jumped 12.3% in November compared to last year in the corresponding period. Or rather”rebound”: the production tended to stagnate in recent months. In terms of volumes, the sector is worth 3,405 million euros in November, against 3,031 million euros a year earlier.” The market is recovering but remains very degraded: at the end of November, the cumulative production of the last twelve months was still -14.3% lower than the point reached in September 2008,” says the ASF.

In conventional credit transactions, the numbers still remain good. The credits allocated? They are up 4.5%. Renewable credits? 3.5% increase. Personal loans? + 16%.

For memory,

  • The appropriations allocated are loans directly linked to a conso project (the execution of works for example);

  • They are different from personal loans, which do not require explanations from borrowers when they apply to their bankers;

  • As for revolving credits, they offer a reserve of money available at any time. You repay the loan only when you use all or part of the amount made available.

Do you have a conso project in mind? To benefit from the best loan conditions, we advise you to put the lending institutions in competition. Our consumer credit comparator allows you to borrow at the most favorable consumer credit rate.

LOAs continue to rise sharply

LOAs continue to rise sharply

For their part, leasing transactions with purchase option (LOA) continue to skyrocket to reach 529 million euros (+ 38.3% over one year). A boom that concerns both automotive LOA (+ 37.9%) and” other materials” such as household appliances or furniture (+ 46.2%).

As a reminder, the LOAs make it possible to rent a property and then acquire it definitively for the payment of its residual value.

Discover the best auto credit rates with our current rate barometer.

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