Personal loan drawdowns hit record highs in second quarter

Green loans — which are used to pay for home environmental improvements, energy efficiency upgrades, or even for electric cars — saw the largest increase of any category from a relatively small base

During the second quarter, there were just under 71,000 personal loans drawn down with the combined value reaching €754m

The value of personal loans issued by banks between April and June hit a record high of €754m, driven by a 23.5% increase in loans for specific purposes such as education or special occasions, the latest data from the Banking and Payments Federation, Ireland (BPFI) shows.

During the quarter, there were just under 71,000 personal loans drawn down, with the combined value reaching €754m, an increase of 16.9% in volume and a 17.6% increase in value compared to the same period in 2024.