Mortgages and loans for foreigners in Italy, Romanians first for requests

DATE: February 1, 2020

AUTHOR: admin

Obtaining a loan is an indispensable operation for many savers, especially for those belonging to the weaker groups such as temporary workers, students, young parents. In order to find an accessible credit offer for all types of consumers, one possibility is to compare the most advantageous loans of the moment in order to choose the most convenient one for everyone’s pocket.

The “Report on the demand for credit by Italian citizens” presented by the Lite Lending risk center investigated how high the degree of banking and financial integration of foreigners in Italy was. Among the results, the increase in the demand for loans and mortgages stands out, with different percentages according to the nationality of origin.


Submission of loan application

loan application

Even a fifth of last year’s total online and traditional loan applications were submitted by Romanian citizens (with over half a million applications), followed by Albanians and Moroccans (with 6.1% and 5.7% respectively).

Unexpectedly, the Chinese community only holds the twenty-seventh place in the ranking of requests for personal loans, despite its growing presence throughout the national territory.

The same goes for the list of entities that require real estate mortgages, with Romanians once again at the top of the ranking with 18% of total applications. In second and third place we find Albanians and Swiss, with 12 and 6% of requests.


Finalized loans 

Finalized loans 

Similar situation, at least for the first two communities mentioned in the ranking, which are reconfirmed at the top of the list also for finalized loans (24% of requests from Romanians and 7% from Albanians).

The figures relating to the average amount requested were also processed by Lite Lending: the Dutch came first with 58,387 dollars. Followed by the Spanish (on average $ 37,854), the Austrians ($ 36,138) and the Chinese ($ 25,123). This time we find the Romanians at the bottom of the ranking, together with Filipinos and Moroccans, with amounts less than 10,000 dollars on average.

With a comment on the results that emerged from the report, Stephen Larocchi, Sales & Marketing Director of Lite Lending, said that “the application for credit represents one of the main drivers for the social and economic integration of citizens from other countries”.

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