Personal finance down 0.9% in March

Official data show personal finance loans have fallen 0.9 per cent in March.

The value of new personal loans dropped 0.9 per cent in March.

Personal finance commitments were worth $8.7 billion in March, according to seasonally adjusted numbers from the Australian Bureau of Statistics.

Commercial loans, which include investor housing finance, rose 0.4 per cent to $43.851 billion, while lease finance rose three per cent per cent to $439 million.

Housing finance for owner occupiers rose 1.6 per cent to $18.7 billion.