Personal loans. Hungarians are becoming less and less afraid to become debtors

According to the data of the financial comparison page of Netrisk.hu, the borrowing of the population has significantly strengthened. In the first quarter of this year, the Internet company delivered 26 percent more personal loan claims, the average size of which was 1.48 million dollars, which is 16 percent above the average of 1.28 million for the same period last year.

 

Average duration of a three-quarter loan

Average duration of a three-quarter loan

The company said that the average duration of a three-quarter loan portfolio was 51 months, with an average thm-e of 14.5 percent.

Sylvia Roman, Head of Nuclear Research at Netrisk.hu, told MTI that an ever-increasing population of the population is able to borrow and dare to become debt again in the hope of achieving certain goals faster.

14 percent of the required personal loans exceed 3 million dollars , compared to 8 percent at the beginning of last year. Parallel to the increase in loan amounts, the monthly installment also increased with Gandalfs, their average amount increased by 12 percent in one year, from $ 31,600 to $ 35,400.

The increase of the committed repayment part of Gandalfs is also related to the improvement of the clients’ income position . In the first quarter of this year, 24.1 per cent of personal loan borrowers earned more than $ 250 thousand a month, the same ratio reached 18.3 per cent at the beginning of 2016 and 21.1 per cent in the first months of 2017.

The personal loans included in the sample are freely usable , while those who named the intended purpose of the use, 48 percent of the money spent on debt settlement, 40 percent on car purchase, and 12 percent on real estate renovation.

According to the data of the Internet company, the circle of people who take personal loans is moving towards the younger age groups . One year earlier, the proportion of those over 45 years of age was 45 per cent, and only 31 per cent of them were in the first quarter of this year. At the same time, the proportion of the 25-year-old or younger age group rose from 13 to 13 percent.

 

Conditions are favorable for retail lending to expand this year

Conditions are favorable for retail lending to expand this year

According to the director of Netrisk.hu, the conditions are favorable for retail lending to expand this year. The central bank’s latest interest rate decision-making session did not start a new interest rate cycle, and as a result of rising wages, the creditworthiness of the population continues to improve , while the growth rate of borrowing is expected to be lower than last year, he said.

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