Heidelberg – Young men between the ages of 18 and 29 often ask for loans. Their share of credit requests is 164 percent higher than their share of the total adult population. That’s what Verivox tariff experts found out. For the investigation, all loan requests for the Verivox installment loan settlement were evaluated from June 2016 to July 2017.

Image: Young man is working on the laptop 

Most loan requests come from younger ones

The young men account for just under a tenth of the total adult population. On the other hand, they ask Verivox more than every fifth loan. The number of younger women is also higher among women: 18 to 29 year olds most often need a loan.


Women rarely apply for a loan

Two thirds of all loans were requested by men. Women are not only less likely to apply for a loan, but also smaller amounts of credit. On average, men ask for 28 percent more money.

Not every request leads to the contract

However, lending often does not lead to a contract: some 18 to 29-year-olds do not receive any loan offer from the bank, while others do not accept the bids. For the contracts concluded, this age group is even underrepresented. Men graduate from 30 to 39 in credit. They receive one in five loans, even though they make up only 7.3 percent of the adult population.

With age, the requested sums increase

With increasing age, credit inquiries become less frequent, but the demanded credit sums rise. The 40- to 49-year-olds ask with an average of 14,285 euros the highest sums. The average of all age groups is 11,511 euros.

From 60 years, only a few loans are requested. Seniors can rely on savings rather than borrowing money for their purchases. Nevertheless, at least 6 percent of all borrowers at Verivox are between 60 and 70, two percent even over 70. With sufficient creditworthiness, banks also make senior credit offers.


Net loan amount Euro
Loan term 12 months 24 Months 36 months 48 months 60 months 72 months 84 months 96 months 108 months 120 months
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