The current context of crisis in which domestic economies have been affected by rising prices, instability in the labor market, the threat of recession and the side effects of the war between Russia and Ukraine, has had an impact on an increase in the financing needs of citizens.
Thus, the financial entity Cofidis has announced that the granting of credits last year increased by 17.63% more than the previous year. In addition, it has carried out an internal comparative study between provinces on the behavior of Spaniards with respect to loans, taking into account marital status, sex, age and employment situation.
Regarding the requests
According to this study, 7% of applications were from Madrid and Barcelona residents. If we take into account the variations compared to the previous year, the provinces where applications have increased the most are Soria (+30%), Palencia (+20%) and Melilla (+17%), while the provinces that have registered a lower demand are Ceuta (-5%), Las Palmas (-4%) and Santa Cruz (-4%).
By generations or age groups, behavior also varies from one to another. Thus, with 34% of applications, the age range that requested the most loans last year were Spaniards of generation X, who are between 42 and 58 years old. They are followed with 30% by millennials, whose ages are between 30 and 41 years; baby boomers, who are between 59 and 78 years old and accounted for 26% of the requests.
Regarding hiring
Regarding marital status, most of the loans granted were in the first place for married people (45%), followed by singles (39%) and, finally, for separated (15%). If we take gender into account, in general, men contracted more financing products than women. In the case of the former, those who most resorted to financial solutions were the married, while in them, it was the separated women. In both cases, the age range of the users ranges between 40 and 50 years.
Coinciding with the summer holidays, August It was the month in which more contracts were made. Most of the financial solutions granted by Cofidis were loans to pay for all purchases in installments, followed by loans for home renovations, consumer loans, and loans for car purchases, dental treatments and, lastly, trips and celebrations.
