Banks: Give up cigarettes and we’ll cut loans

SMOKERS are being encouraged by banks to quit the habit.

Lenders who are approached by customers looking for lower monthly repayments on their borrowing are being told that if they reduce their monthly outgoings then the bank will work out lower re-payments.

Frank Conway, managing director of financial advisors, CredyCare.ie, said that smokers are being encouraged to cut out cigarettes by the banks in order to reduce their monthly outgoings.