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7 Jul 2025 13:56
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  •   Home > News > Business

    The number of people wanting to borrow money is expected to keep falling

    The number of people wanting to borrow money is expected to keep falling


    Centrix data shows lending demand in June was lower for the commercial and business sectors.

    At the same time as the drop in lending, financial hardship and missed home loan payments are also down.

    Managing Director Keith McLaughlin says it's the start of a tightening of the economy.

    He says if economic indicators continue the way they are -- we could see three to six months of increased arrears and low lending.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     07 Jul: Tweaks to the Family Boost scheme from this month - aiming to help combat high living costs, and cover people missing out
     07 Jul: The Government's expanding the its FamilyBoost scheme, with changes taking effect retrospectively from the start of this month
     06 Jul: Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland
     05 Jul: The Toyota's RAV4's held it's top spot as the favourite passenger car - in a standout month for vehicle sales
     05 Jul: A surge in new car sales - on the back of a tough couple of years for the market
     05 Jul: An independent report on the Northland Expressway, is sowing doubt over the project's future
     05 Jul: AI could soon be worth billions of dollars a year to New Zealand
     Top Stories

    RUGBY RUGBY
    The All Blacks are confident Rieko Ioane will find his footing with his return to the wing ahead of the second test against France in Wellington More...


    BUSINESS BUSINESS
    Tweaks to the Family Boost scheme from this month - aiming to help combat high living costs, and cover people missing out More...



     Today's News

    Business:
    Tweaks to the Family Boost scheme from this month - aiming to help combat high living costs, and cover people missing out 13:47

    Soccer:
    Striker Logan Rogerson has signed a two-year contract extension with A-League football club Auckland FC 13:47

    Entertainment:
    Connie Francis has been hospitalised for "extreme pain" after suffering a pelvic fracture 13:36

    Rugby:
    The All Blacks are confident Rieko Ioane will find his footing with his return to the wing ahead of the second test against France in Wellington 13:27

    Accident and Emergency:
    A man who died hunting at Stewart Island - was reportedly shot 13:07

    Entertainment:
    Katie Thurston admitted she has no idea "how much time I have left" amid her stage four cancer battle 13:06

    Entertainment:
    Michael Madsen has died 12:36

    Golf:
    Golfer Daniel Hillier will feature at The Open Championship major next week at the Royal Portrush course in Northern Ireland, courtesy of his European Tour ranking 12:27

    Motoring:
    Shane van Gisbergen's secured another victory at a disrupted Nascar street race in Chicago, matching his feat on debut in 2023 12:07

    Entertainment:
    Yungblud says pansexual is "the label that allows me to be who I am" 12:06


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