The interest rates of most types of personal loans in the United Kingdom (UK) have increased slightly in the first quarter of 2023. However, the interest rates applied to personal loans of 10,000 or 25,000 British pounds were slightly lower than in the previous quarter. Smaller personal loans had, in general, higher interest rates than bigger loans.
Average quoted consumer credit interest rates in the United Kingdom (UK) from 1st quarter 2021 to 1st quarter 2024, by type of credit
Characteristic
Personal loan 2,500 British pounds
Personal loan 5,000 British pounds
Personal loan 10,000 British pounds
Personal loan 25,000 British pounds
Credit card*
Overdraft
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Statista. (April 29, 2024). Average quoted consumer credit interest rates in the United Kingdom (UK) from 1st quarter 2021 to 1st quarter 2024, by type of credit [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1358720/average-consumer-credit-interest-rate-in-the-uk-by-type/
Statista. "Average quoted consumer credit interest rates in the United Kingdom (UK) from 1st quarter 2021 to 1st quarter 2024, by type of credit." Chart. April 29, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1358720/average-consumer-credit-interest-rate-in-the-uk-by-type/
Statista. (2024). Average quoted consumer credit interest rates in the United Kingdom (UK) from 1st quarter 2021 to 1st quarter 2024, by type of credit. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1358720/average-consumer-credit-interest-rate-in-the-uk-by-type/
Statista. "Average Quoted Consumer Credit Interest Rates in The United Kingdom (Uk) from 1st Quarter 2021 to 1st Quarter 2024, by Type of Credit." Statista, Statista Inc., 29 Apr 2024, https://www.statista.com/statistics/1358720/average-consumer-credit-interest-rate-in-the-uk-by-type/
Statista, Average quoted consumer credit interest rates in the United Kingdom (UK) from 1st quarter 2021 to 1st quarter 2024, by type of credit Statista, https://www.statista.com/statistics/1358720/average-consumer-credit-interest-rate-in-the-uk-by-type/ (last visited July 22, 2024)
Average quoted consumer credit interest rates in the United Kingdom (UK) from 1st quarter 2021 to 1st quarter 2024, by type of credit [Graph], Statista, April 29, 2024. [Online]. Available: https://www.statista.com/statistics/1358720/average-consumer-credit-interest-rate-in-the-uk-by-type/
