The effective interest rates of overdraft lending in the United Kingdom (UK) reached 21 percent in March 2024. Meanwhile, outstanding fixed-rate secured loans had some of the lowest interest rates for household lending. Secured loans had, in general, lower interest rates than non-secured lending. In the first quarter of 2024, the average interest rates of personal loans in the UK remained relatively stable.
Average effective interest rates of household lending in the United Kingdom (UK) in March 2024, by type of credit and rate
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Bank of England. (April 30, 2024). Average effective interest rates of household lending in the United Kingdom (UK) in March 2024, by type of credit and rate [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1358771/effective-interest-rates-of-household-lending-uk-by-type/
Bank of England. "Average effective interest rates of household lending in the United Kingdom (UK) in March 2024, by type of credit and rate." Chart. April 30, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1358771/effective-interest-rates-of-household-lending-uk-by-type/
Bank of England. (2024). Average effective interest rates of household lending in the United Kingdom (UK) in March 2024, by type of credit and rate. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1358771/effective-interest-rates-of-household-lending-uk-by-type/
Bank of England. "Average Effective Interest Rates of Household Lending in The United Kingdom (Uk) in March 2024, by Type of Credit and Rate." Statista, Statista Inc., 30 Apr 2024, https://www.statista.com/statistics/1358771/effective-interest-rates-of-household-lending-uk-by-type/
Bank of England, Average effective interest rates of household lending in the United Kingdom (UK) in March 2024, by type of credit and rate Statista, https://www.statista.com/statistics/1358771/effective-interest-rates-of-household-lending-uk-by-type/ (last visited November 21, 2024)
Average effective interest rates of household lending in the United Kingdom (UK) in March 2024, by type of credit and rate [Graph], Bank of England, April 30, 2024. [Online]. Available: https://www.statista.com/statistics/1358771/effective-interest-rates-of-household-lending-uk-by-type/
