Over €480 million Given Out Personal Loans In The First Quarter Of 2023

Friday, 4 August 2023 11:35

By Oisin Coyne

The number of loans for cars rose by 27%, while the amount of home improvement loans increased by 28%.

Over €480 million has been given out for nearly 50,000 personal loans in the first quarter of this year, a 25% increase year-on-year.

That's according to figures from the Banking and Payments Federation Ireland’s Personal Loan Report.

The number of loans for cars rose by 27%, while the amount of home improvement loans increased by 28%.

John Lowe of MoneyDoctors.ie says it is getting easier to get a loan:

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