Surge in borrowing to buy electric cars, while green loans for home improvements also up

Banks approved a record €552m in just three months

Sums borrowed were the highest since records began. Photo: Getty

Charlie Weston

There has been a huge increase in the value of car loans, figures from lenders have shown.

Households are also taking out more “green loans” as well as borrowing for home improvements, holidays and special occasions such as weddings.