The Federal Reserve Board has released its October 2025 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS), offering insight into commercial banks’ lending standards and credit demand. The survey included questions about banks’ willingness to make nonresidential consumer installment loans during the third quarter of 2025 compared to the previous quarter.
According to the report, most lenders—86.2 percent—said their willingness to issue consumer installment loans remained unchanged. These loans include non-mortgage products such as auto loans, student loans, and personal loans. A greater share of banks (10.3 percent) indicated increased willingness to provide these loans than those reporting less willingness (3.4 percent). This results in a net margin of 6.9 percentage points, marking the third consecutive quarterly increase and reaching its highest level since early 2022.
The American Financial Services Association plans to provide further analysis of the SLOOS findings in next week’s edition of its Economy Matters newsletter.