16 Chart 12: Banks have approved payment deferrals on a range of credit products Number of approved payment deferrals  Number 700,000 600,000 500,000 400,000 300,000 200,000 100,000  HELOCs*  Personal lines of credit  Personal loans  Auto loans  Credit cards  Mortgages  0  Note: Deferrals include data from the six largest Canadian banks as well as from select smaller banks.
Numbers are subject to revision as reporting methodologies continue to evolve. Source: Financial Consumer Agency of Canada * home equity lines of credit  Second, shifts in household spending have also played an important role in limiting the need for additional borrowing. As discretionary spending has declined, so has the demand for credit typically used to make such purchases.