The value of loans In the Euro Area increased 2 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Private Credit Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In November of 2024, the volume of consumer loans in the Euro area was over three percent higher than in the same month of the previous year. The year-on-year change in consumer loans fluctuated significantly since January 2006. In early 2020, the growth in consumer loans decreased sharply due to the start of the global coronavirus (COVID-19) pandemic.

Key information about European Union Total Loans Growth

• European Union Total Loans Growth was reported at 3.91 % in Jan 2025
• This records an increase from the previous number of 3.10 % for Dec 2024
• European Union Total Loans Growth data is updated monthly, averaging 3.56 % from Sep 1998 to Jan 2025, with 317 observations
• The data reached an all-time high of 13.37 % in Oct 2007 and a record low of -6.36 % in Oct 2009
• European Union Total Loans Growth data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: Y-o-Y Growth: Monthly

The total value of loans and advances to households granted by banks in the European Union is expected to have a higher growth rate than business loans in 2023. Loans and advances to non-financial corporations are estimated to have reached a growth rate of *** percent in 2023, while the projected growth of household lending that year was *** percent. By 2024, loans to households in the EU are expected to reach nearly *** trillion euros.

Households Debt In the Euro Area decreased to 51.50 percent of GDP in the fourth quarter of 2024 from 51.70 percent of GDP in the third quarter of 2024. This dataset provides - Euro Area Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Credit In the Euro Area increased to 790192 EUR Million in May from 787628 EUR Million in April of 2025. This dataset provides the latest reported value for - Euro Area Consumer Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Banks are expected to keep increasing the supply of loans and advances to households in the European Union. By 2024, the value of outstanding lending to households is forecast to reach over *** trillion euros. In 2022, the total value of household credit owned by banks was **** trillion euros. Meanwhile, Greece and Denmark were some of the European countries with the lowest expected growth rates in household lending in 2022.

In 2024, Germany and France were the EU countries with the highest volume of consumer loans. The outstanding value of consumer loans to households amounted to nearly 200 billion euros in Germany and 198 billion euros in France. Italy, Spain and Poland were also among the countries with the highest overall value of consumer loans. However, when considering the volume of consumer loans per capita, Finland and Luxembourg were also quite high on the list.

Key information about European Union Household Debt

• European Union Household Debt reached 6,956.2 USD bn in Jan 2025, compared with the reported number of 6,921.4 USD bn in the previous month
• EU Household Debt: USD mn data is updated monthly, available from Jan 1999 to Jan 2025
• The data reached an all-time high of 7,744.8 USD bn in Apr 2011 and a record low of 2,500.5 USD bn in Oct 2000

• In the latest reports, European Union Household Debt accounted for 44.1 % of the country's Nominal GDP in Dec 2024
• Money Supply M2 in European Union increased 16,206.2 USD bn YoY in Jan 2025
• European Union Foreign Exchange Reserves was measured at 297.5 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 1.4 Months of Import in Dec 2024
• European Union Domestic Credit reached 25,343.8 USD bn in Nov 2024, representing an increased of 0.7 % YoY

Analysis of ‘Banks balance sheet - Growth rates of loans from euro area households and non-financial corporations’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from http://data.europa.eu/88u/dataset/bank-balance-sheet-loans-growth-rates on 10 January 2022.

--- Dataset description provided by original source is as follows ---

Monetary financial institution balance sheet statistics, growth rates of total loans to euro area households and non-financial corporations, as well as to euro area insurance corporations and pension funds and to other financial intermediaries (all currencies combined, all maturities, not seasonally adjusted, annual percentage changes).

--- Original source retains full ownership of the source dataset ---

Household credit, billion currency units in Euro area, April, 2025 The most recent value is 6727.46 billion Euro as of April 2025, an increase compared to the previous value of 6710.51 billion Euro. Historically, the average for Euro area from September 1997 to April 2025 is 4806.39 billion Euro. The minimum of 2290.04 billion Euro was recorded in September 1997, while the maximum of 6727.46 billion Euro was reached in April 2025. | TheGlobalEconomy.com

In July 2022, the overall volume of household loans in the Eurozone was 4.46 percent higher than 12 months earlier. The year-on-year change of household loans has fluctuated a lot since January 2006. However, the household lending has increased at a rather stable rate since 2016. This segment includes all lending and credit extended to households, such as mortgages, consumer loans, car financing, etc.

Bulgaria was at the top of this ranking of ** European countries sorted by the growth rate of their volume of loans to households in 2023. Loans to households in the European Union and the European Economic Area are expected to grow on average by over ***** percent in 2024. Meanwhile, the loans and advances market in Germany is expected to increase by *** percent in 2024. Overall, the total value of the household loans market in the EU as a whole is expected to keep growing during that timeline.

Please refer to: https://data.imf.org/en/news/accessing%20international%20financial%20statistics

Please refer to: https://data.imf.org/en/news/accessing%20international%20financial%20statistics

Clean Energy Home Equity Loan Market Outlook

According to our latest research, the global Clean Energy Home Equity Loan market size reached USD 13.2 billion in 2024, with a robust compound annual growth rate (CAGR) of 14.7% from 2025 to 2033. The market is forecasted to attain a value of USD 43.6 billion by 2033, driven by increasing consumer demand for sustainable home improvements, favorable government policies, and advances in clean energy technologies. This growth trajectory underscores the accelerating shift toward energy-efficient living and the rising importance of accessible financing solutions for homeowners and businesses alike.

The surge in the Clean Energy Home Equity Loan market is propelled by several pivotal growth factors. Chief among them is the global emphasis on decarbonization and the transition to renewable energy sources. Governments worldwide are introducing incentives, rebates, and regulatory frameworks that encourage the adoption of energy-efficient upgrades, such as solar panels and advanced HVAC systems. These policies not only boost consumer confidence but also reduce the financial burden of upfront investments in clean energy solutions. As a result, homeowners are increasingly leveraging their home equity to finance these upgrades, recognizing the long-term savings and environmental benefits. The interplay between public sector support and private sector innovation is fostering a robust ecosystem for clean energy financing, making home equity loans a preferred choice for many.

Another significant driver is the rising consumer awareness of climate change and the tangible benefits of energy-efficient homes. Homeowners are becoming more conscious of their carbon footprint and are actively seeking ways to reduce energy consumption and utility costs. The availability of home equity loans tailored for clean energy projects has made it easier for individuals to embark on comprehensive energy retrofits without depleting their savings. Furthermore, advancements in clean energy technologies—such as more efficient solar panels, smart home energy management systems, and high-performance insulation materials—have expanded the range of eligible upgrades, thereby broadening the market’s appeal. This synergy between technological innovation and accessible financing is accelerating market penetration and fostering sustainable home improvement practices.

Financial institutions are increasingly recognizing the potential of the Clean Energy Home Equity Loan market as a strategic growth area. Banks, credit unions, and online lenders are developing specialized loan products that cater to the unique needs of clean energy borrowers. These products often feature competitive interest rates, flexible repayment terms, and streamlined approval processes, making them attractive alternatives to traditional financing. The entry of fintech companies and digital platforms has further democratized access to clean energy loans, enabling faster disbursement and improved customer experiences. As competition intensifies, lenders are investing in educational campaigns and digital tools to raise awareness and simplify the loan application journey, thereby driving higher adoption rates across diverse borrower segments.

Regionally, North America dominates the Clean Energy Home Equity Loan market, accounting for the largest share in 2024, followed closely by Europe and Asia Pacific. The United States, in particular, benefits from a mature home equity lending ecosystem, robust clean energy policies, and a tech-savvy consumer base. Europe’s growth is underpinned by stringent energy efficiency regulations and ambitious carbon neutrality goals, while the Asia Pacific region is emerging as a high-growth market due to rapid urbanization, rising disposable incomes, and increasing investments in renewable energy infrastructure. Latin America and the Middle East & Africa are gradually catching up, spurred by policy reforms and growing environmental awareness. This global expansion reflects the universal appeal of clean energy financing and its critical role in achieving sustainable development objectives.

In December 2023, France stood out as the European Union country with the highest volume of loans to households and non-financial organizations as a share of its gross domestic product (GDP). Meanwhile, the volume of loans in Germany amounted to approximately ** percent of its GDP. On the other side of the spectrum, Poland and Romania were the countries with the lowest levels of indebtedness. Denmark was the EU country with the highest household debt to gross disposable income ratio.

Snapshot img

Alternative Finance Market Size 2024-2028

The alternative finance market size is estimated to increase by USD 64.3 billion at a CAGR of 7.44% between 2023 and 2028. The key factor driving the market forward is the potential for higher returns for investors. Alternative finance channels offer significantly greater returns compared to traditional investment options like fixed deposits (FDs) or government bonds from conventional financial institutions. Another important contributor to market growth is the rapid expansion in the APAC region and the increasing focus on structured finance. Alternative finance platforms, such as P2P lending, crowdfunding, and invoice trading, are gaining traction in APAC, driven by the presence of numerous small and medium-sized enterprises (SMEs).

What will be the Size of the Alternative Finance Market During the Forecast Period?

To learn more about this alternative finance market report, Download Report Sample

Alternative Finance Market Segmentation

The alternative finance market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD Billion' for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

Type Outlook 

  P2P lending
  Crowdfunding
  Invoice trading





End-User Outlook

  Individual
  Organization





Region Outlook

  North America

    The U.S.
    Canada





  Europe

    The U.K.
    Germany
    France
    Rest of Europe





  APAC

    China
    India


  South America

    Chile
    Argentina
    Brazil





  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa

By Type

The alternative financing market share growth in the segment of P2P lending will be significant during the forecast period. The P2P consumer lending sub-segment holds a major share of the P2P lending segment due to the growth in the number of online consumer lending platforms and the increasing use of technology in financial transactions. Some popular P2P lending platforms include LendingClub, Zopa, Bondora Capital, Prosper Marketplace, and Upstart Network. However, P2P lending is associated with a high risk of defaults as the loans are unsecured. Therefore, large investors usually maintain a spread portfolio of their investments. P2P lending is also associated with challenges such as platform failures, the risk of fraud, hacking, and data theft. These factors are expected to augment the demand of the P2P lending segment hence driving the growth of the market in focus during the forecast period.

Get a glance at the market contribution of various segments. Request PDF Sample

The P2P lending segment was valued at USD 123.70 billion in 2018. In this segment, P2P lending is similar to credit obtained from financial institutions. However, the funds are raised from one or more independent investors. P2P borrowers must make weekly or monthly repayments of the principal amount with interest. P2P lending is usually carried out through online platforms. Investors directly select businesses to fund, or the lending platforms provide the terms of credit. Some variations in the model allow investors to bid on loan amounts and interest rates through an online auction. P2P lending is popular among individual borrowers and SMEs, as small to medium-scale loans can be obtained easily. Several individuals opt for P2P loans for debt consolidation, which allows them to pay debts accrued from credit cards or loans from financial institutions.

By Region

For more insights on the market share of various regions, Request PDF Sample now!

North America is estimated to contribute 70% to the global alternative financing market during the forecast period. Technavio's analysts have elaborately explained the regional market growth and trends that shape the market during the forecast period. The growth of P2P lending and crowdfunding has increased significantly in North America. The increasing number of students, growing awareness about clearing personal debt, rising Internet penetration, technological advances, the rise of online trading platforms and finance platforms, and the presence of prominent companies are the major factors driving the market in North America. The number of SMEs has grown significantly in North America. Therefore, a growing number of SMEs in this region are boosting the growth in North America.

Alternative Finance Market Dynamics

The market is reshaping the landscape traditionally dominated by conventional big banks and regulated banks. Instead of relying solely on traditional finance systems, entrepreneurs and investors are increasingly turning to alternative lenders and innovative financial services solutions. Online lenders offer streamlined access to capital, while reward-based crowdfunding and equity-based crowdfunding present opp

The Monetary Intermediation industry has experienced a significant change in recent years. It previously contended with the ultra-low interest rate environment following the financial crisis of 2008 and is now benefitting from aggressive rate rises in the face of spiralling inflation. Industry revenue is expected to grow at a compound annual rate of 12.2% over the five years through 2024 to €392.4 billion, including an estimated growth of 3.7% in 2024, while the average industry profit margin is anticipated to be 34.3%. The rising base rate environment allowed lenders to raise the interest charged on their loans, ratcheting up interest income in the two years through 2023 and supporting revenue growth. This was particularly beneficial to retail investors who earn a large chunk of their revenue from lending. However, banks must also contend with rising deposit costs, as customers put pressure to pass on greater savings rates in the rising base rate environment, threatening profitability. Revenue is expected to grow at a compound annual rate of 1.2% over the five years through 2029 to €415.5 billion, while the average industry profit margin is forecast to reach 36.3%. Challenger banks are set to chip away at demand for traditional lenders as they emphasise the customer experience and personalised services. Profitability will also be hit by intensifying deposit competition in the coming years.

Households Debt in the United Kingdom decreased to 76.30 percent of GDP in the fourth quarter of 2024 from 77.20 percent of GDP in the third quarter of 2024. This dataset provides - United Kingdom Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.