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:

More from National News

Taoiseach Micheál Martin Has Again Asked Russia To Withdraw From Ukraine

Audio

He was speaking after a massive wave of drone and missile attacks on targets across Ukraine on Thursday night.
ASTI Members Vote For Industrial Action Over Leaving Cert Reforms

Audio

They have also rejected support measures from the Department of Education in the Senior Cycle implementation proposals.
The Funeral Mass Of 56 Year Old Michael Gaine Took Place In Kenmare This Morning

Audio

There was a large attendance from those in the local community.
Fianna Fáil Pushes Back On Government Blame As 3,000 Homes Lie Vacant, Including 129 In Kildare

Figures released to Sinn Fein show nearly 3 thousand council homes are currently vacant.
Family Pay Tribute As Man Who died In Newbridge Crash Named Locally As Jerry Maloney

Jerry Maloney, 19, was a passenger in a pickup truck that crashed on the Barretstown Road in Newbridge shortly after 8pm last night.
OPW To Begin Daily Contractor Access To Castletown Via Lime Avenue From Monday

The move is expected to be met with opposition.
“Criminal Offence” To Ignore HIQA Sanctions, Says Nursing Home Advocate Amid Latest Crisis

Audio

Speaking to Kfm, Shane Scanlan, CEO of the Alliance for Supporting Nursing homes, said there also needs to be an immediate "root and branch review" into HIQA's response to the latest scandal to hit nursing homes run by Emeis Ireland.
Two Motorcyclists Injured In Serious Collision Near Athy

The road is closed for an examination, and Gardaí are appealing to anyone with information to come forward.