Personal finance up 3.4% in January

Official data show personal finance loans have risen 3.4 per cent in January.

The value of new personal loans rose 3.4 per cent in January.

Personal finance commitments were worth $8.707 billion in January, according to seasonally adjusted numbers from the Australian Bureau of Statistics.

Commercial loans, which include investor housing finance, rose 13.7 per cent to $43.766 billion, while lease finance rose 13.1 per cent to $394 million.

Housing finance for owner occupiers fell 1.0 per cent to $17.712 billion.