Consumer loans are secured or unsecured loans provided to retail customers for personal, family, or household purposes or for purchase of goods and services. Consumer loans can be secured or unsecured (backed or non-backed by a collateral). In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term).
Last updated 24 April 2017
The table below shows essential details of selected installment consumer loans offered to retail customers by the banks in different European countries: effective rate per annum and loan term in months.
|Country||Min Effective Rate||Max Effective Rate|
|Austria||3.75 % (12 months)||13.71 % (120 months)||View Products|
|France||0.95 % (1 months)||6.60 % (120 months)||View Products|
|Germany||1.95 % (6 months)||10.99 % (120 months)||View Products|
|Italy||8.48 % (48 months)||9.11 % (48 months)||View Products|
|Netherlands||5.30 % (6 months)||7.90 % (120 months)||View Products|
|Poland||5.12 % (3 months)||5.12 % (120 months)||View Products|
|Spain||7.88 % (1 months)||24.51 % (60 months)||View Products|
|Switzerland||5.90 % (6 months)||9.95 % (84 months)||View Products|