Consumer loans are secured or unsecured loans given to customers for personal, family, or household purposes or for purchase of goods and services. Unsecured consumer loans (which are not backed or secured by a collateral) are typically have higher interest rates than secured loans. 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 23 April 2017
The table below shows essential details of selected consumer loans products offered to retail customers by the banks in Italy: currency, effective rate per annum and loan term in months. The consumer loans terms vary from 48 month to 4 years (48 months).The effective borrowing rates are within the range 8.48 - 9.11 %.
|Bank||Region||Loan Currency||Min Effective Rate (p.a.)||Max Effective Rate (p.a.)||Loan Term (months)|
|EUR||8.48 %||8.48 %||48||Apply for Loan|
|EUR||9.11 %||9.11 %||48||Apply for Loan|