Croatian cash loans attractive to many in December, boom expected
December 13, 2021 – Croatian cash loans are attractive to many, and there has been a huge jump from the same time last year.
Like Poslovni Dnevnik Writes, the aforementioned sharp increase in Croatian cash loans argues for the growing demand of people for non-cash loans GDP growth in the last quarter of 2021.
It could also indicate an increase in consumer optimism in November of this year compared to the same month last year. Banks have decided to meet the growing demand, so there is hardly any bank that does not highlight this money lending offer in its promotional campaigns and on its website.
Part of this is an expected increase in consumption for the pre-festive period, but since the times are unusual, trends that would otherwise be typical for this time of year are being closely watched.
Nowadays, Croatian banks are really bombarding the public with advertisements for “affordable and fast cash”, with interest rates which have never been so low for this type of product, but which are still at levels which. make this product profitable for banks, even in the face of rising inflation, Novi list writing.
In addition to the fact that some people are now spending more money than they saved during the lockdown, some people are also taking out Croatian non-profit cash loans to buy anything and everything including various consumer goods. , and they probably also correct their household budgets under conditions of rising prices.
Some banks have confirmed that people, when it comes to cash loans, continue to demand the kuna and not the single currency, despite the fact that the euro is expected to be introduced in early 2023. Certainly the maturity of the loans ” cash “of course implies a shorter term than home loans, but they are granted for a term longer than one year.
It turns out that Croatian cash lending, which continues to grow at a slower pace than home loans (due to government incentives and real estate investments), is picking up markedly as the end of the year approaches. , and the banks are still waiting for their “boom” in December.
Privredna banka Zagreb (PBZ) also confirmed that during the last period there had been continued interest in Croatian cash loans and that “kuna loans still predominated”. OTP banka says that they are continuously registering positive trends when it comes to Croatian treasury loans, and in the last quarter there has been a slight increase in demand, which they say is expected for this period. of the year, and given the ongoing global coronavirus pandemic and its astonishing impact on personal consumption.
In the monetary structure, kuna loans are still the most represented, according to OTP, and the RBA saw an increase in non-consumer loans throughout 2021.
They say the demand for kuna loans is generally higher than for loans with a euro exchange clause, but in the last quarter there has been an increase in non-intended loans with a euro clause, probably in due to the fact that the country is getting closer and closer to Entry into the euro area.
Addiko Bank states that “the end of the year is all about consumption, gifts and family for consumers, and less about financing resolution and investment planning, so the demand for loans is seasonally the highest. low compared to the rest of the year “.
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