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Personal loans fall 3.1% in February

analysing2_small.jpgThe value of new personal loans has fallen 3.1 per cent to $6.62 billion.

Commercial loans, which include investor housing finance, surged 5.6 per cent to $42.86 billion in February, while lease finance slumped 3.3 per cent to $600 million, compared with January.

Housing finance for owner occupiers rose 1.7 per cent to $20.9 billion, according to seasonally adjusted numbers from the Australian Bureau of Statistics.

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