Refinancing: the loan holding rate is stable in 2016
According to the Household Credit Observatory (CMO), the loan holding rate is 46.6% in France . A stable figure which attests to the improvement in their morale vis-à-vis their financial situation. 62.5% think that their situation has improved in 2016.
“The purchase of a property or land is the first reason (for 16% of French people) behind a request for credit, just before the purchase of a durable good, such as a vehicle (13% ) ”, Reveals the Bank in France in a bimonthly bulletin.
Low rates boost demand for mortgage loans
Due to the exceptional mortgage loan conditions in 2016, the holding rate for this type of loan was 30.7%. Or a slight increase compared to 2015 (30.2%), says the CMO. An increase mainly driven by access to property, which recorded “23.3% (against 22.6% in 2015), thus returning to one of the highest levels observed since the beginning of the 2000s. ”
Conversely, consumer loans are down: 25.5% in 2016 compared to 26% in 2015. In 2016, “89.8% of consumer loans are used to finance the implementation of equipment projects (car, motorcycle, household equipment, housing improvement work). “
Consolidate all its loans by carrying out a credit buy-back
Have you taken out several loans (mortgage, consumer loans, etc.) and wish to buy back a loan? Several reasons can push you, too much debt, too high monthly payments, an accident in life, etc. You can simulate your credit buyout online.
Did you know ?
The Bank in France has just launched a site to help individuals manage their finances . The site: Mes questions argent.fr. A lot of information is available to see more clearly in your financial management.
French remain cautious about investments
The French are cautious in terms of investments , according to the study ” Will you dig into your savings ?” “Lenders Bank. Although they are more profitable than the savings accounts that 69% of respondents favor, the French shun other investment products. Indeed, they consider stocks to be a dangerous investment (54%). ” A shared feeling for alternative investments such as crowdfunding: 40% consider it a risky investment, even very risky,” said the study.
In view of the level of borrowing rates , demand for mortgage loans is expected to increase in 2017. Subscription intentions are increasing ” to reach a high level of 5.4% in 2016, approaching pre-crisis levels 2008/2009 ”, concludes the CMO.