The study conducted by Mister Credit, the CRIF area that deals with the development of educational solutions and tools for consumers, shows that almost 4 out of 10 Italians, more precisely 39.4% of the total of the adult population residing in Italy, at least one active installment credit agreement is in progress (+ 8.0% compared to a year ago) while installments are repaid monthly for an amount equal to 344 dollar (-1.5%).
The average residual debt is equal to 33,084 dollars (down -1.8% compared to the corresponding 2018 survey). Mortgage contracts weigh heavily on the Italian portfolio.
Most common forms of financing
Consumer loans rank first among the most common forms of financing, with a percentage of total loans equal to 45.5%. Second position for personal loans which account for 32.8%. Finally, third position for real estate mortgages (21.7%).
Regional distribution of credit agreements
Tuscany is the region with the highest share of the adult population with at least one active credit ratio, which turned out to be Tuscany (44.2%). Followed by Sardinia (with 43.2%), Friuli-Venezia Giulia (with 42.9%), Lazio (with 42.3%) and Valle d’Aosta (with 41.8% of the population). Last position for Trentino Alto Adige, a region in which only 20.2% of the population has at least one active credit agreement, penultimate position for Basilicata (with 32.1%, third-last for Molise (with 33, 8%).
The distribution of mortgages by region
As regards mortgages, the highest incidence was found to be that of Friuli Venezia Giulia, with 30.8% of the total, followed by Emilia Romagna (with 26.2%) and Lombardy (with 25, 9%). Calabria, Sardinia and Campania are in the last positions, respectively with 13.6%, 15.4% and 15.8% of the total.
Regional distribution of personal loan contracts
With regard to the technical form of personal loans, however, the highest incidence is found in Molise, with 37.2%, ahead of Basilicata, with 36.6%, while Tuscany and Lombardy close the national ranking with 29.9% and 30.3%.
Regional distribution of targeted loans
Finally, as regards consumer loans, Calabrian and Campania citizens are the ones with the highest incidence, respectively with 53.5% and 49.9% of the total.
The average amount of installments repaid each month
The highest monthly average installment is paid in Trentino-Alto Adige, with 430 dollars, followed by Veneto (with 390 dollars) and Lombardy (with 387 dollars). Fourth place for Emilia-Romagna and Tuscany, respectively with 370 and 364 dollars.
These data must be interpreted taking into account the fact that the incidence of mortgages is high as well as greater income availability cannot be ignored.
In contrast, in the South and in the Islands we find the lightest monthly average installments, especially in Sardinia (285 dollars), in Calabria (290 dollars) and in Sicily (301 dollars). In these regions, the greatest impact is due to targeted loans which generally have lower installments.
Regional ranking of the remaining amounts of the contracts
Also as regards the residual amount of the debt, we find Trentino-Alto Adige at the top of the national ranking, with 43,289 dollar per capita still to be paid off. Lombardy follows in second place, with 41,189 dollars, while the residual exposure of Emilia Romagna and Veneto is around 38,000 dollars.
The lowest residual exposure is that of Calabria, with only 21,848 dollars. Together with Sicily and Molise, they are the only regions where the value still to be reimbursed is less than 25,000 dollars.