According to the Kantar Emor Consumer Credit Survey, more than half (56%) of Estonian residents believe that small loans are too frivolous. The same opinion is held by 43% of people who have taken consumer credit in the last three years.”Only 15% of people think that small credit is not being too easy. and 29% of people cannot express their opinion on this issue, ” said Kantar Emor Kaisa Esco, a Kantar Emor research expert. 18% of Estonia have taken consumer credit in the last three years, mainly these were small loans or autocredit. When comparing age groups of consumers of consumer credits were the age group 25-34 years (30% took credits), but consumer credit is also taken more often, than on the average, among individuals in the age 35-49 years (24% ). “According to the results of the research, consumer credit is mainly taken by people in age 25-49 years and representatives of other nationalities, not Estonians,” Esko concluded. According to Kaisa Esko, for
consumer loan providers the most important factors are good credit conditions and reliability. “On the other side, a determined value is also attributed to the quick and simple process of issuing credit, the importance of which, is likely varying depending on the situation of whether the credit is quick and easy or on good conditions.” “Often these qualities don’t go hand-in-hand, ” she added.
