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Personal loans beat inflation for the first time in almost 30 months

Personal loans beat inflation for the first time in almost 30 months

According to a report by First Capital Group, the personal loan line increased by a nominal 13.6% in April, against an expected inflation close to 8%

Personal loans recorded their first monthly improvement in real terms since November 2021According to a recent report published by First Capital Group.

According to the survey data, the personal loan line increased a nominal 13.6% in April, against an expected inflation close to 8%, to add a total of $2,826,982 million. Even so, compared to April 2023 the increase was 113%, well below the year-on-year inflation (around 290%).

“As can be seen, the nominal increases indicated are well below the inflation of the year, but after several months, they finally manage to clearly exceed the inflation line, consequently showing growth in real terms,” ​​he explained. Guillermo Barberopartner at First Capital Group.

The reduction in the interest rate led by the BCRA in recent months has facilitated the expansion of credit lines. Given the expectation that the rate may continue to fall in the near future, financial institutions are more likely to extend financing terms. These two factors combined, enable an increase in the capital lent to each individual,” she said.

In the same way, Credit card financing also grew above price increasessomething that had not happened since October 2023. The total amount of these operations was $7,214,875 million, a 10.6% higher than in March.

This segment was influenced, according to Barbero, by “the lowering of the rates that has been operating in recent months in both the program Simple Fee as in the rest of the financing and the appearance of interest-free installment offers on some items.” However, he warned, “some speculative buyers may be delaying their consumption while waiting for new drops in interest and nominal prices. of the articles.”

Source: Ambito

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