The value of personal finance in Jan fell 9.5% after seasonal adjustment from Dec to $6.90bn, the ABS said.
The decline in personal finance comprised a 14.5% fall in revolving credit and a 4.5% fall in fixed lending.
Commercial finance fell 5.8% in seasonally adjusted terms to $30.94bn. A fall of 9.7% in revolving credit for commercial finance was accompanied by a fall of 4.0% in fixed-lending commitments. The use of commercial finance for purchasing dwellings for rent or resale fell 4.6%.
Lease finance fell by 1.3% after seasonal adjustment to $434m.