Definition: Consumer credit

Category: ESA 1995

Consumer credit are loans granted to households, which in the case of these transactions are acting for purposes outside their business and profession. Mortgage loans for financing house building or buying (amongst others bridging loans) are excluded. It is the intention that consumer credit relates exclusively to credits used for buying goods and/or services which are consumed by the households individually. http://ec.europa.eu/eurostat/product?code=CA-15-96-001&mode=view