Banks Tighten Conditions for Consumer Loans
4 Articles
4 Articles
Consumer credit raises its terms while the mortgage petition continues to fall. By the fourth quarter of 2026, banks forecast a tightening of supply in households and a widespread decline in demand
During the third quarter of this year, banks tightened the conditions for accessing consumer loans, those intended to finance the purchase of a car, household appliances, travel or a renovation. According to the survey of bank loans carried out by the Bank of Spain, these restrictions are linked to the increase in interest rates, which the European Central Bank (ECB) raised from 2.25% to 2.50% in September; but they have not affected mortgages f…
Forbes España
GaliciapressThe bank restricted the offer of credit in the third quarter of 2026, while maintaining stable the criteria of concession, both in the financing to companies and in loans to households for the purchase of housing, but it hardened it in the consumption and other purposes, according to the Survey of Loans [...] The entry The bank restricts the offer of credit in the third trimester and previews to "harden" the mortgage concessions aparece primero …
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