You trusta financial institution specialized in granting consumer credit and project financing to individuals, granted 17.63% more loans and credits in 2022 compared to the previous year and has carried out an internal comparative study between provinces on the behavior of Spaniards regarding loans, taking into account marital status, sex, age and employment status.
The current context of crisis in which domestic economies have been affected by price rises, instability in the labor market, the threat of recession and the side effects of the war between Russia and Ukraine, has led to an increase in the financing needs of citizens.
The cases of Soria and Palencia
According to this study, 7% of requests 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.
Married man, profile type
Regarding marital status, most of the loans granted were first for married people (45%), followed by singles (39%) and, lastly, for separated people (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 was the month in which the most 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.
Castilla y León Economic
