- 288,412 personal loans were drawn down in the twelve months ending June 2026, the highest 12-month volume since the data series began, with value exceeding €3.1 billion.
- Sharp increase in green loan with volumes up by 61.5% year on year to 2,641 in Q2 2026, valued at €59.8 million, the highest quarterly volume and value since the green loan data series began.
- Home improvement lending also reached record quarterly levels, with 19,852 loans valued at €262 million, up 11.9% and 15.1% in volume and value respectively year on year.
Friday 6th November 2026 – A record 288,412 personal loans, including car, home improvement and green loans, were drawn down in the twelve months to the end of June 2026, according to the latest figures from Banking & Payments Federation Ireland (BPFI). This was the highest twelve-month volume since the data series began in 2020 with the value of drawdowns over the same period reaching over €3.1 billion. The BPFI Personal Loan Report for Q2 2026, which is issued on a quarterly basis, details the volume, values and uses of personal loans drawn down from participating BPFI member banks. The following are the key figures from the report:
Total loans
- Personal loan drawdown volumes rose by 9.3% year on year in Q2 2026, while values increased by 13.7% to €857 million, the highest quarterly value since the data series began in Q1 2020.
- The average personal loan value rose by €426 year on year to €11,047.
- In annualised terms, there were 288,412 personal loans drawn down in the twelve months ending June 2026, with the annualised value exceeding €3.1 billion.
Car loans
- The number of car or auto finance loans rose by 9.7% year on year to 22,091 in Q2 2026, while the value of loans increased by 13.1% to €294 million.
- The average car loan in Q2 2026 was €13,305, up from €12,905 a year earlier.
- Annualised figures show that there were 83,750 car or auto finance loans valued at almost €1.1 billion in the twelve months ending June 2026.
Home improvement loans
- There were 19,852 home improvement loans in Q2 2026, up by 11.9% year on year. These were valued at €262 million, 15.1% higher than in Q2 2025.
- The average home improvement loan value in Q2 2026 was €13,189 compared with €12,823 in Q2 2025, an increase of €366.
- There were 72,825 home improvement loans drawn down on an annualised basis valued at €933 million.
Other loans – including education, holidays and special occasions such as weddings
- A total of 35,613 loans for other purposes were drawn down in Q2 2026, a rise of 7.6% in volume year on year, with values rising by 13% to €301 million over the same period.
- The average value for other loans in Q2 2026 was €8,451, up by €403 year on year.
- Annualised figures show that there were 131,837 other loans valued at almost €1.1 billion in the twelve months ending June 2026.
Green loans
- The number of green personal loans rose by 61.5% year on year to 2,641 in Q2 2026, with a total value of €59.8 million.
- The average green loan value fell to €22,655, the lowest level since Q1 2024, but remained more than twice the average of €11,047 for all personal loans.
- In annualised terms, there were 7,873 green loans, valued at €180.8 million, in the twelve months ending June 2026.
Commenting on today’s report, Brian Hayes, Chief Executive, BPFI said:
“Our latest figures show solid growth in personal lending in Q2 2026, with loan volumes up 9.3% year on year to almost 78,000 and values increasing by 13.7% to €857 million, the highest quarterly value since the data series began in 2020. While there was increased activity across all loan categories, home improvement lending reached record quarterly levels, with almost 20,000 loans valued at €262 million. Meanwhile, there were over 22,000 car loans valued at €294 million, up 9.7% in volume and 13.1% in value respectively, while loans for other purposes, including education, holidays and weddings, increased by 13% in value to €301 million.”
Focusing on green loans, Mr Hayes continued:
“There was a sharp increase in green loan activity in Q2 2026, with volumes up 61.5% year on year to 2,641, more than double the number in Q2 2024 and valued at €59.8 million. These were the highest quarterly volumes and values since the green loan data series began in 2022. The average green loan fell to €22,655, its lowest level since Q1 2024, although it remained more than twice the average for personal loans overall. Green loans include lending for both electric vehicles and home energy improvements, and growth in this segment comes against a backdrop of expanded home energy upgrade supports, including new measures launched last month.”
Reflecting on broader trends, Mr Hayes concluded:
“Over the twelve months ending June 2026, 288,412 personal loans were drawn down, the highest annualised volume since the data series began in 2020, with a total value exceeding €3.1 billion, pointing to continued consumer confidence.”
The BPFI Personal Loans Report Q2 2026 can be downloaded here.
