Since the advent of the Internet, the users of banking services are becoming more educated and demanding because the necessary information is at their fingertips. Changed user preferences have led to the emergence of new credit products, participants and means of providing services. The existing Directive 2008/48/EC of the European Parliament and the Council of the European Union from 2008, which lays down rules at EU level concerning consumer credit agreements, has become obsolete. Therefore, a decision was made to revise the aforementioned Directive. The aim of this paper is to provide a complete overview of consumer lending in the Republic of Croatia, to acknowledge differences brought with the revision of Directive/2008/48/EC, analyse the information for chosen consumer loans and compare their affordability for debtors. The revision of Directive/2008/48/EC has led to the exclusion of certain credit products from the application of the directive because the framework of the Directive is not adapted to them. Some of them are partially exempted because they are considered to be lower risk. The revision of Directive/2008/48/EC has also led to clearer provision of information to consumers, increased legal certainty and clarifications on assessment creditworthiness so that consumers are more informed and protected when making decisions about taking out a loan. Based on the research on the offer of consumer loans in the Republic of Croatia, no deviation from the provisions of the new Directive of the European Parliament and the Council of the European Union on consumer loans as well as from the Law on consumer lending was found. The following types of credit products were examined: overdraft, cash credit, revolving credit and purchase in instalments, and also compared in terms of their favorability for the debtor. In the given scenario where the person decides to renovate an apartment, the most favorable option turned out to be an installment purchase because no interest is paid on that product, while overdrafts were most expensive with an average effective interest rate of 7.09%.