Liquidity loans fell slightly on the mix in favor of restructuring loans, also given the recent extensions of bonuses linked to this purpose. The latest PrestitiOnline.it observatory provides an in-depth analysis on the three most requested purposes of personal loans: liquidity, used car and renovation.
Liquidity loans are in first place, still accounting for almost 30% of requests (despite the slight decline in the current quarter): 1 in 3 liquidity loans is under 3 years in duration, 1 in 2 is for small amounts (under 5,000 €) and is mostly required by intermediate age groups, i.e. between 36 and 55 years.
The used car purpose represents 18% of requests and has very different characteristics from liquidity loans: 41% of applicants for a used car are under the age of 35 and 59.7% request amounts of less than 10 thousand euros.
As regards the restructuring, which corresponds to 13.8% of requests in the current quarter, the duration of one loan in four is over 8 years and one in five applicants needs more than 20 thousand euros.