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Net lending to consumers rose by £0.9bn in July, in line with the £1.0bn average over the past 12 months, according to the Bank of England.
The figure, however, was below the £1.5bn average from January 2016 to June 2018.
Mortgage market activity remained stable, notwithstanding some strengthening in key indicators.
Net mortgage borrowing by households picked up in July, rising to £4.6bn.
'While this was the strongest since March 2016, it reflected a fall in repayments rather than an increase in new lending,' the BoE said.
The annual growth rate remained at 3.2%, close to the level seen since 2016.
Mortgage approvals for house purchase -- an indicator for future lending -- increased in July to 67,300.
'This was the strongest since July 2017, but remains within the very narrow range seen over the past two years,' the BoE said.