The upward trend in rates has not yet reversed for personal loans, but she slowed down.
The increase in the average rate of new personal loans and other consumer credits was limited to 6 basis points (pdb) in the 2nd quarter of 2024 compared to the previous quarter (6,23 %, after +53 bps in the 1st quarter).The average duration of personal loans is five years, for an average amount of 16,500 euros. The average rate of home loans increased by 31 bps and stood at 3,93 %. It is now within the average of rates observed in Overseas Territories, but above the national average rate. The average duration of home loans reaches 21 years, for an average loan amount of 125,820 euros. Finally, the average overdraft rate is slightly increasing, at 16,41 %.
