Colonnade Advisors LLC’s Post

Personal loans in the U.S. have reached historic highs in terms of interest rates, balances, and the number of loans. Over 23 million Americans currently hold unsecured personal loans, at an average balance of nearly $12,000. The average personal loan interest rate rose to 12.35% in Q1 2024, nearly 3% higher than three years ago. After a dip during the early COVID-19 pandemic, personal loan debt reached over $230 billion by June 2023, a 46% increase from March 2020 and 59% higher than June 2021, which has since come down to just under $150 billion by March 2024. Sources: https://lnkd.in/gziT68sT https://lnkd.in/e9HzngVG https://lnkd.in/ejgGivn #InvestmentBanking #MiddleMarket #Finance #MergersAndAcquisitions #PrivateEquity #CapitalRaising #Automotive #AutoIndustry #Automakers #AutoProduction #ConsumerFinace #PersonalLoans #InterestRate #Prime #Subprime

Banks regained their position as the leading lender type for used vehicles in the first quarter of 2024 while captives held their highest share of new-vehicle loans and leases since 2010 amid elevated incentives. #marketshare #autofinance #autoindustry https://hubs.la/Q02z0NVJ0

Unlocking an auto loan? These three factors hold the key: Credit Score & History Income & Employment Stability Down Payment & Loan Term Understanding these factors can help you secure the best deal. #AutoLoan #Credit #Finance https://bit.ly/3Vs8uTY

Personal loans are unsecured and can be used for virtually any purpose on items other than capital equipment or vehicles. Our unsecured personal loan product is a form of borrowing that can be used for a variety of purposes, giving you greater flexibility. 𝙎𝙪𝙗𝙟𝙚𝙘𝙩 𝙩𝙤 𝙚𝙡𝙞𝙜𝙞𝙗𝙞𝙡𝙞𝙩𝙮, 𝙨𝙩𝙖𝙩𝙪𝙨, 𝙩𝙚𝙧𝙢𝙨 𝙖𝙣𝙙 𝙘𝙤𝙣𝙙𝙞𝙩𝙞𝙤𝙣𝙨, 𝙖𝙣𝙙 𝙖𝙫𝙖𝙞𝙡𝙖𝙗𝙞𝙡𝙞𝙩𝙮 #braemarfinance #personalloans #taxloans #vatloans #hirepurchase #practiceloans

Historic high auto loan rates, soaring payments, and rising consumer debt are signs that an auto loan debt crisis is looking to be imminent. Learn about what's going on and how this is gonna impact you. #autoloans #industryinsights #mortgageindustry #financeinsights #monitorbase

Personal loans are unsecured and can be used for virtually any purpose on items other than capital equipment or vehicles. Our unsecured personal loan product is a form of borrowing that can be used for a variety of purposes, giving you greater flexibility. 𝙎𝙪𝙗𝙟𝙚𝙘𝙩 𝙩𝙤 𝙚𝙡𝙞𝙜𝙞𝙗𝙞𝙡𝙞𝙩𝙮, 𝙨𝙩𝙖𝙩𝙪𝙨, 𝙩𝙚𝙧𝙢𝙨 𝙖𝙣𝙙 𝙘𝙤𝙣𝙙𝙞𝙩𝙞𝙤𝙣𝙨, 𝙖𝙣𝙙 𝙖𝙫𝙖𝙞𝙡𝙖𝙗𝙞𝙡𝙞𝙩𝙮 #braemarfinance #personalloans #taxloans #vatloans #hirepurchase #practiceloans

#PersonalFinance | #Personalloans are a way to use tomorrow's income today, and the process of getting one is simple. But you must note that the interest rates are much higher than, say, for a car loan. This is because personal loans are unsecured loans. This means that the loan is not backed by any asset. Here are some of the lowest personal loan interest rates offered by various banks.

A business will usually be able to borrow more than an individual consumer. This is normally because the loan can be secured against company assets such as commercial property, vehicles or machinery. Some lenders will also offer unsecured loans (i.e. requiring no business assets as collateral), but the borrowing business will usually have to have an excellent credit rating and be able to demonstrate their ability to repay the loan. Want to learn more? 👉 https://lnkd.in/eSRuU2RS #SecuredLoans #UnsecuredLoans #RealEstate

Unlike secured loans, which require collateral like your home or car, unsecured loans are based on your creditworthiness and income. This often means less paperwork making it a simpler borrowing option. Read more in our latest blog. https://lnkd.in/gDZ-RivM *Responsible lending checks apply. #NectarMoney #PersonalLoans #LoansNZ #PersonalFinance #LoansMadeSimple #OnlineLoans #DebtConsolidation #ManagingMoney

💁♂️ By having someone co-sign the loan, you can help show lenders that you have another responsible party in the mix who has agreed to take responsibility for the loan if payments are not made on time. Not only could this lower your interest rate, but it also helps demonstrate your trustworthiness as a borrower, making it easier to secure an auto loan regardless of your credit score. #OxcelFinance #CompetitiveFinanceSolution #FinanceSolution #OnlineLoan #CarLoanApproval #AutoLoan