Main reasons for taking out personal loans in the United Kingdom (UK) 2016

Published by
Fernando de Querol Cumbrera,
Feb 8, 2023
This statistic presents the Distribution of consumers who take out personal loans in the United Kingdom (UK) as of 2016, by reason. Among respondents, 25 percent of respondents stated that they take out loans to help fund vehicle purchase or improvements and 24 percent use loans for house and home improvements. Only 3 percent of those surveyed take out loans to finance holidays.

Distribution of consumers who take out personal loans in the United Kingdom (UK) as of 2016, by reason

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Sources

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Release date

April 2017

Region

United Kingdom

Survey time period

2016

Supplementary notes

The source does not specify the exact date of survey, nor the age range or number of respondents.

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Statistics on " Consumer lending in the United Kingdom (UK) "

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Outstanding loans

5

New loans

4

Interest rates

5

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3

Largest lenders in the UK

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Consumer lending in the UKCredit cards in the United StatesPersonal savings in the United StatesMortgage industry in the U.S.Personal debt in the U.S.
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