While businesses have little appetite for bank loans these days, consumers are filing into branches for low-interest credit, triggering a surge in the installment loan business at many banks in the Northeast.

Bankers welcome the influx, saying it will boost their bottom lines, shift their loan mix toward more profitable consumer businesses and away from commercial credits, and build cross-selling opportunities with new customers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.