Leading collaterals used for taking loans by households Philippines Q4 2024

Published by
Christy Balita,
Jan 15, 2025

According to a survey on consumer expectations in the fourth quarter of 2024, about four percent of surveyed households in the Philippines who took out a loan pawned their ATM account as a collateral. In addition, about one percent used their farm animal as a collateral. However, about 81 percent of the households surveyed took loans without collateral.

Most popular collateral used to take loans among households in the Philippines during 4th quarter 2024

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Release date

December 2024

Region

Philippines

Survey time period

October 4 to 16, 2024

Number of respondents

5,350 households

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