Personal loan statistics

An overview of key loans stats, updated monthly

Last updated:

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Brits have been taking out personal loans for decades – to go on a well deserved holiday, to refurbish their houses, to buy their first car. But how many people are doing it exactly? And is it more expensive now than it was 15 years ago?

Personal loans are a type of unsecured loan, i.e. loans granted based on factors such as a person’s income and credit score, rather than being backed by anything concrete. In our report below you’ll find exact figures from the Bank of England relating to these loans, spanning over the past 25 years. The charts and tables below contain the most recent available data, as at the start of each month.

Quick overview

  • The average APR for a personal loan of £5,000 is 8.04% and 3.79% for a loan of £10,000.
  • While an overdraft has an average APR rate of 19.72%.
  • By postcode area, Northampton (NN) has the highest level of personal loan debt per capita in the UK at £753.
  • This is closely followed by Salisbury (SP) which has a per capita personal loan debt of £750.

Monthly amount lent via unsecured loans, 1993-2018

Month Total unsecured lending
Apr 1993 £4.50 billion
May 1993 £4.10 billion
Jun 1993 £4.70 billion
Jul 1993 £4.57 billion
Aug 1993 £4.97 billion
Sep 1993 £4.81 billion
Oct 1993 £4.29 billion
Nov 1993 £4.69 billion
Dec 1993 £4.97 billion
Jan 1994 £4.28 billion
Feb 1994 £4.13 billion
Mar 1994 £5.06 billion
Apr 1994 £4.56 billion
May 1994 £4.88 billion
Jun 1994 £5.20 billion
Jul 1994 £4.93 billion
Aug 1994 £5.76 billion
Sep 1994 £5.22 billion
Oct 1994 £4.91 billion
Nov 1994 £5.29 billion
Dec 1994 £5.64 billion
Jan 1995 £5.04 billion
Feb 1995 £4.78 billion
Mar 1995 £5.74 billion
Apr 1995 £5.33 billion
May 1995 £5.95 billion
Jun 1995 £5.94 billion
Jul 1995 £5.85 billion
Aug 1995 £6.36 billion
Sep 1995 £5.79 billion
Oct 1995 £6.00 billion
Nov 1995 £6.02 billion
Dec 1995 £6.11 billion
Jan 1996 £6.01 billion
Feb 1996 £5.67 billion
Mar 1996 £6.09 billion
Apr 1996 £6.61 billion
May 1996 £6.85 billion
Jun 1996 £6.29 billion
Jul 1996 £7.36 billion
Aug 1996 £7.03 billion
Sep 1996 £6.67 billion
Oct 1996 £7.13 billion
Nov 1996 £6.66 billion
Dec 1996 £7.39 billion
Jan 1997 £6.59 billion
Feb 1997 £6.27 billion
Mar 1997 £6.47 billion
Apr 1997 £7.54 billion
May 1997 £7.17 billion
Jun 1997 £7.59 billion
Jul 1997 £8.05 billion
Aug 1997 £7.63 billion
Sep 1997 £7.65 billion
Oct 1997 £8.07 billion
Nov 1997 £7.50 billion
Dec 1997 £8.91 billion
Jan 1998 £7.64 billion
Feb 1998 £7.44 billion
Mar 1998 £8.49 billion
Apr 1998 £8.31 billion
May 1998 £8.36 billion
Jun 1998 £9.13 billion
Jul 1998 £9.27 billion
Aug 1998 £8.74 billion
Sep 1998 £9.40 billion
Oct 1998 £8.88 billion
Nov 1998 £9.08 billion
Dec 1998 £9.63 billion
Jan 1999 £8.26 billion
Feb 1999 £8.35 billion
Mar 1999 £9.81 billion
Apr 1999 £8.99 billion
May 1999 £8.67 billion
Jun 1999 £10.05 billion
Jul 1999 £10.03 billion
Aug 1999 £10.01 billion
Sep 1999 £10.19 billion
Oct 1999 £9.64 billion
Nov 1999 £10.79 billion
Dec 1999 £10.66 billion
Jan 2000 £9.72 billion
Feb 2000 £10.22 billion
Mar 2000 £11.07 billion
Apr 2000 £9.52 billion
May 2000 £11.36 billion
Jun 2000 £11.02 billion
Jul 2000 £10.99 billion
Aug 2000 £11.12 billion
Sep 2000 £10.13 billion
Oct 2000 £11.09 billion
Nov 2000 £11.13 billion
Dec 2000 £10.96 billion
Jan 2001 £11.41 billion
Feb 2001 £10.25 billion
Mar 2001 £11.37 billion
Apr 2001 £11.46 billion
May 2001 £12.18 billion
Jun 2001 £12.04 billion
Jul 2001 £13.21 billion
Aug 2001 £12.60 billion
Sep 2001 £11.60 billion
Oct 2001 £13.55 billion
Nov 2001 £13.12 billion
Dec 2001 £12.94 billion
Jan 2002 £13.01 billion
Feb 2002 £12.19 billion
Mar 2002 £12.96 billion
Apr 2002 £14.28 billion
May 2002 £14.38 billion
Jun 2002 £12.38 billion
Jul 2002 £15.07 billion
Aug 2002 £13.54 billion
Sep 2002 £13.32 billion
Oct 2002 £13.85 billion
Nov 2002 £13.27 billion
Dec 2002 £14.33 billion
Jan 2003 £13.95 billion
Feb 2003 £12.60 billion
Mar 2003 £13.70 billion
Apr 2003 £13.80 billion
May 2003 £14.11 billion
Jun 2003 £14.84 billion
Jul 2003 £16.06 billion
Aug 2003 £14.07 billion
Sep 2003 £15.42 billion
Oct 2003 £15.34 billion
Nov 2003 £14.18 billion
Dec 2003 £15.72 billion
Jan 2004 £14.25 billion
Feb 2004 £14.00 billion
Mar 2004 £16.31 billion
Apr 2004 £14.64 billion
May 2004 £14.49 billion
Jun 2004 £16.20 billion
Jul 2004 £16.01 billion
Aug 2004 £15.67 billion
Sep 2004 £15.60 billion
Oct 2004 £14.91 billion
Nov 2004 £16.26 billion
Dec 2004 £15.49 billion
Jan 2005 £14.56 billion
Feb 2005 £13.97 billion
Mar 2005 £15.35 billion
Apr 2005 £14.46 billion
May 2005 £15.31 billion
Jun 2005 £15.48 billion
Jul 2005 £14.72 billion
Aug 2005 £16.08 billion
Sep 2005 £15.04 billion
Oct 2005 £14.99 billion
Nov 2005 £15.40 billion
Dec 2005 £15.06 billion
Jan 2006 £14.88 billion
Feb 2006 £13.35 billion
Mar 2006 £14.70 billion
Apr 2006 £13.13 billion
May 2006 £15.21 billion
Jun 2006 £14.38 billion
Jul 2006 £14.25 billion
Aug 2006 £14.46 billion
Sep 2006 £13.80 billion
Oct 2006 £14.78 billion
Nov 2006 £14.37 billion
Dec 2006 £13.80 billion
Jan 2007 £14.39 billion
Feb 2007 £12.36 billion
Mar 2007 £13.97 billion
Apr 2007 £13.28 billion
May 2007 £14.33 billion
Jun 2007 £13.68 billion
Jul 2007 £14.80 billion
Aug 2007 £14.24 billion
Sep 2007 £13.00 billion
Oct 2007 £14.74 billion
Nov 2007 £14.57 billion
Dec 2007 £14.25 billion
Jan 2008 £13.83 billion
Feb 2008 £13.14 billion
Mar 2008 £13.00 billion
Apr 2008 £13.24 billion
May 2008 £13.21 billion
Jun 2008 £13.17 billion
Jul 2008 £13.73 billion
Aug 2008 £12.25 billion
Sep 2008 £13.30 billion
Oct 2008 £12.80 billion
Nov 2008 £11.71 billion
Dec 2008 £13.22 billion
Jan 2009 £11.44 billion
Feb 2009 £10.48 billion
Mar 2009 £12.18 billion
Apr 2009 £11.31 billion
May 2009 £11.02 billion
Jun 2009 £12.08 billion
Jul 2009 £12.11 billion
Aug 2009 £10.87 billion
Sep 2009 £11.51 billion
Oct 2009 £10.95 billion
Nov 2009 £11.27 billion
Dec 2009 £11.86 billion
Jan 2010 £10.44 billion
Feb 2010 £10.77 billion
Mar 2010 £12.61 billion
Apr 2010 £11.59 billion
May 2010 £11.35 billion
Jun 2010 £12.52 billion
Jul 2010 £12.21 billion
Aug 2010 £12.32 billion
Sep 2010 £12.23 billion
Oct 2010 £11.51 billion
Nov 2010 £12.93 billion
Dec 2010 £12.28 billion
Jan 2011 £11.36 billion
Feb 2011 £10.73 billion
Mar 2011 £12.29 billion
Apr 2011 £11.21 billion
May 2011 £12.34 billion
Jun 2011 £12.15 billion
Jul 2011 £11.97 billion
Aug 2011 £12.73 billion
Sep 2011 £12.08 billion
Oct 2011 £11.89 billion
Nov 2011 £12.25 billion
Dec 2011 £12.38 billion
Jan 2012 £11.92 billion
Feb 2012 £11.11 billion
Mar 2012 £12.13 billion
Apr 2012 £11.63 billion
May 2012 £12.35 billion
Jun 2012 £11.56 billion
Jul 2012 £12.57 billion
Aug 2012 £12.33 billion
Sep 2012 £11.66 billion
Oct 2012 £13.02 billion
Nov 2012 £12.63 billion
Dec 2012 £12.74 billion
Jan 2013 £11.67 billion
Feb 2013 £10.89 billion
Mar 2013 £11.78 billion
Apr 2013 £12.55 billion
May 2013 £12.72 billion
Jun 2013 £12.04 billion
Jul 2013 £13.84 billion
Aug 2013 £12.80 billion
Sep 2013 £13.02 billion
Oct 2013 £12.95 billion
Nov 2013 £12.74 billion
Dec 2013 £13.26 billion
Jan 2014 £12.96 billion
Feb 2014 £11.88 billion
Mar 2014 £13.38 billion
Apr 2014 £12.92 billion
May 2014 £13.18 billion
Jun 2014 £13.39 billion
Jul 2014 £13.74 billion
Aug 2014 £12.80 billion
Sep 2014 £14.02 billion
Oct 2014 £14.67 billion
Nov 2014 £13.76 billion
Dec 2014 £15.51 billion
Jan 2015 £13.97 billion
Feb 2015 £13.20 billion
Mar 2015 £15.53 billion
Apr 2015 £14.24 billion
May 2015 £14.20 billion
Jun 2015 £15.55 billion
Jul 2015 £15.43 billion
Aug 2015 £14.75 billion
Sep 2015 £15.41 billion
Oct 2015 £14.84 billion
Nov 2015 £15.31 billion
Dec 2015 £15.42 billion
Jan 2016 £14.24 billion
Feb 2016 £14.96 billion
Mar 2016 £15.80 billion
Apr 2016 £15.01 billion
May 2016 £15.78 billion
Jun 2016 £15.56 billion
Jul 2016 £15.32 billion
Aug 2016 £16.31 billion
Sep 2016 £15.84 billion
Oct 2016 £15.70 billion
Nov 2016 £16.11 billion
Dec 2016 £15.51 billion
Jan 2017 £16.10 billion
Feb 2017 £14.53 billion
Mar 2017 £16.96 billion
Apr 2017 £14.81 billion
May 2017 £16.54 billion
Jun 2017 £15.79 billion
Jul 2017 £16.21 billion
Aug 2017 £16.14 billion
Sep 2017 £15.60 billion
Oct 2017 £16.20 billion
Nov 2017 £16.60 billion
Dec 2017 £15.34 billion
Jan 2018 £16.62 billion
Feb 2018 £14.68 billion
Mar 2018 £16.04 billion
Apr 2018 £16.44 billion
May 2018 £17.18 billion
Jun 2018 £16.68 billion
Jul 2018 £17.65 billion
Aug 2018 £17.18 billion
Sep 2018 £15.91 billion
Oct 2018 £17.77 billion
Nov 2018 £17.47 billion

The chart above shows the total amount of unsecured loans lent in the UK each month for personal loans, dealership car finance, short-term loans and credit cards. This total has been generally increasing since the start of this dataset in 1993, despite a decreasing period between 2004 and 2010. In 2017, a total of £191 billion was borrowed, an increase of 31% compared to five years earlier in 2012, when £146 billion was lent in total. Note that these figures don’t include student loans.

Quarterly write-offs of lending to individuals

Quarter (month ending) Write-offs
Mar 1993 £267 million
Jun 1993 £179 million
Sep 1993 £193 million
Dec 1993 £304 million
Mar 1994 £228 million
Jun 1994 £182 million
Sep 1994 £198 million
Dec 1994 £237 million
Mar 1995 £224 million
Jun 1995 £181 million
Sep 1995 £215 million
Dec 1995 £346 million
Mar 1996 £279 million
Jun 1996 £240 million
Sep 1996 £231 million
Dec 1996 £316 million
Mar 1997 £300 million
Jun 1997 £217 million
Sep 1997 £252 million
Dec 1997 £225 million
Mar 1998 £203 million
Jun 1998 £205 million
Sep 1998 £206 million
Dec 1998 £240 million
Mar 1999 £266 million
Jun 1999 £285 million
Sep 1999 £275 million
Dec 1999 £394 million
Mar 2000 £259 million
Jun 2000 £235 million
Sep 2000 £253 million
Dec 2000 £345 million
Mar 2001 £325 million
Jun 2001 £331 million
Sep 2001 £351 million
Dec 2001 £405 million
Mar 2002 £524 million
Jun 2002 £390 million
Sep 2002 £446 million
Dec 2002 £542 million
Mar 2003 £491 million
Jun 2003 £463 million
Sep 2003 £524 million
Dec 2003 £469 million
Mar 2004 £493 million
Jun 2004 £593 million
Sep 2004 £489 million
Dec 2004 £633 million
Mar 2005 £512 million
Jun 2005 £793 million
Sep 2005 £684 million
Dec 2005 £1597 million
Mar 2006 £836 million
Jun 2006 £821 million
Sep 2006 £946 million
Dec 2006 £1186 million
Mar 2007 £914 million
Jun 2007 £1018 million
Sep 2007 £699 million
Dec 2007 £898 million
Mar 2008 £641 million
Jun 2008 £976 million
Sep 2008 £762 million
Dec 2008 £865 million
Mar 2009 £786 million
Jun 2009 £986 million
Sep 2009 £1024 million
Dec 2009 £1799 million
Mar 2010 £718 million
Jun 2010 £1151 million
Sep 2010 £959 million
Dec 2010 £925 million
Mar 2011 £858 million
Jun 2011 £760 million
Sep 2011 £579 million
Dec 2011 £425 million
Mar 2012 £588 million
Jun 2012 £435 million
Sep 2012 £445 million
Dec 2012 £381 million
Mar 2013 £419 million
Jun 2013 £194 million
Sep 2013 £477 million
Dec 2013 £219 million
Mar 2014 £214 million
Jun 2014 £287 million
Sep 2014 £439 million
Dec 2014 £253 million
Mar 2015 £422 million
Jun 2015 £230 million
Sep 2015 £190 million
Dec 2015 £458 million
Mar 2016 £259 million
Jun 2016 £182 million
Sep 2016 £182 million
Dec 2016 £237 million
Mar 2017 £149 million
Jun 2017 £136 million
Sep 2017 £185 million
Dec 2017 £140 million
Mar 2018 £228 million
Jun 2018 £282 million
Sep 2018 £342 million

The amount of personal debt being written off has been relatively low in recent years. The most extreme year for write-offs was 2009, when £4,595 billion was written off in total. 2017 saw only £610 billion written off, 87% less than the amount seen at this peak.

Interest rates on personal loans

The interest being charged on personal loans has varied wildly over the years, with the interest rates on 10K loans being consistently lower than those on 5K loans.

5K loans

Month Avg interest rate on 5K loans
Jan 2005 10.85%
Feb 2005 10.76%
Mar 2005 10.92%
Apr 2005 10.92%
May 2005 10.96%
Jun 2005 11.08%
Jul 2005 11.08%
Aug 2005 10.32%
Sep 2005 10.01%
Oct 2005 9.86%
Nov 2005 10.09%
Dec 2005 10.28%
Jan 2006 10.12%
Feb 2006 9.87%
Mar 2006 9.85%
Apr 2006 9.72%
May 2006 9.37%
Jun 2006 9.65%
Jul 2006 9.14%
Aug 2006 9.28%
Sep 2006 8.60%
Oct 2006 9.06%
Nov 2006 9.32%
Dec 2006 8.67%
Jan 2007 8.96%
Feb 2007 9.09%
Mar 2007 8.67%
Apr 2007 8.71%
May 2007 8.84%
Jun 2007 8.85%
Jul 2007 8.93%
Aug 2007 9.08%
Sep 2007 9.09%
Oct 2007 9.81%
Nov 2007 9.93%
Dec 2007 9.77%
Jan 2008 9.91%
Feb 2008 9.87%
Mar 2008 9.76%
Apr 2008 10.52%
May 2008 10.41%
Jun 2008 10.46%
Jul 2008 10.67%
Aug 2008 11.03%
Sep 2008 11.47%
Oct 2008 11.66%
Nov 2008 12.02%
Dec 2008 12.08%
Jan 2009 12.34%
Feb 2009 12.28%
Mar 2009 12.51%
Apr 2009 12.57%
May 2009 12.44%
Jun 2009 12.45%
Jul 2009 12.52%
Aug 2009 12.67%
Sep 2009 12.75%
Oct 2009 12.94%
Nov 2009 12.93%
Dec 2009 12.71%
Jan 2010 11.95%
Feb 2010 11.84%
Mar 2010 12.01%
Apr 2010 12.30%
May 2010 12.20%
Jun 2010 12.19%
Jul 2010 11.77%
Aug 2010 11.63%
Sep 2010 12.26%
Oct 2010 12.38%
Nov 2010 12.44%
Dec 2010 12.04%
Jan 2011 11.78%
Feb 2011 11.79%
Mar 2011 12.02%
Apr 2011 12.96%
May 2011 13.18%
Jun 2011 13.13%
Jul 2011 13.12%
Aug 2011 13.11%
Sep 2011 13.26%
Oct 2011 13.26%
Nov 2011 13.57%
Dec 2011 13.88%
Jan 2012 13.22%
Feb 2012 12.91%
Mar 2012 13.08%
Apr 2012 13.04%
May 2012 13.31%
Jun 2012 13.30%
Jul 2012 13.11%
Aug 2012 13.12%
Sep 2012 13.44%
Oct 2012 13.44%
Nov 2012 14.03%
Dec 2012 12.37%
Jan 2013 12.32%
Feb 2013 12.16%
Mar 2013 11.77%
Apr 2013 11.70%
May 2013 11.77%
Jun 2013 11.15%
Jul 2013 10.91%
Aug 2013 10.11%
Sep 2013 10.30%
Oct 2013 10.36%
Nov 2013 10.90%
Dec 2013 10.08%
Jan 2014 9.89%
Feb 2014 9.72%
Mar 2014 9.75%
Apr 2014 9.86%
May 2014 9.86%
Jun 2014 9.78%
Jul 2014 9.66%
Aug 2014 9.68%
Sep 2014 9.20%
Oct 2014 8.62%
Nov 2014 8.82%
Dec 2014 8.78%
Jan 2015 8.98%
Feb 2015 8.79%
Mar 2015 8.78%
Apr 2015 8.97%
May 2015 8.91%
Jun 2015 8.82%
Jul 2015 7.87%
Aug 2015 7.48%
Sep 2015 7.73%
Oct 2015 7.77%
Nov 2015 8.14%
Dec 2015 8.39%
Jan 2016 9.11%
Feb 2016 8.95%
Mar 2016 9.44%
Apr 2016 9.27%
May 2016 9.41%
Jun 2016 9.27%
Jul 2016 9.19%
Aug 2016 9.13%
Sep 2016 9.59%
Oct 2016 9.06%
Nov 2016 9.07%
Dec 2016 9.49%
Jan 2017 9.45%
Feb 2017 8.81%
Mar 2017 9.54%
Apr 2017 7.85%
May 2017 7.76%
Jun 2017 7.87%
Jul 2017 8.04%
Aug 2017 7.91%
Sep 2017 8.20%
Oct 2017 8.11%
Nov 2017 8.34%
Dec 2017 8.33%
Jan 2018 8.33%
Feb 2018 8.04%
Mar 2018 7.98%
Apr 2018 8.14%
May 2018 8.04%
Jun 2018 8.09%
Jul 2018 7.76%
Aug 2018 7.82%
Sep 2018 7.88%
Oct 2018 7.74%
Nov 2018 7.88%

5K loans reached their peak interest rates in 2012, with an average of 13.2%. In 2017, the average was over a third lower at 8.4%.

10K loans

Month Avg interest rate on 10K loans
Jan 1995 17.55%
Feb 1995 17.60%
Mar 1995 17.68%
Apr 1995 17.60%
May 1995 17.04%
Jun 1995 17.28%
Jul 1995 16.66%
Aug 1995 16.81%
Sep 1995 17.12%
Oct 1995 17.18%
Nov 1995 17.26%
Dec 1995 17.12%
Jan 1996 16.14%
Feb 1996 15.91%
Mar 1996 16.02%
Apr 1996 13.91%
May 1996 14.04%
Jun 1996 13.88%
Jul 1996 13.87%
Aug 1996 14.45%
Sep 1996 14.04%
Oct 1996 14.13%
Nov 1996 14.15%
Dec 1996 14.10%
Jan 1997 13.79%
Feb 1997 13.94%
Mar 1997 13.95%
Apr 1997 13.50%
May 1997 13.44%
Jun 1997 13.53%
Jul 1997 13.53%
Aug 1997 13.79%
Sep 1997 13.79%
Oct 1997 14.06%
Nov 1997 14.01%
Dec 1997 13.86%
Jan 1998 14.21%
Feb 1998 13.91%
Mar 1998 13.77%
Apr 1998 13.73%
May 1998 13.80%
Jun 1998 13.77%
Jul 1998 13.58%
Aug 1998 13.40%
Sep 1998 13.44%
Oct 1998 13.48%
Nov 1998 13.45%
Dec 1998 13.17%
Jan 1999 13.07%
Feb 1999 13.37%
Mar 1999 13.29%
Apr 1999 13.00%
May 1999 12.93%
Jun 1999 12.92%
Jul 1999 12.70%
Aug 1999 12.41%
Sep 1999 11.95%
Oct 1999 12.04%
Nov 1999 11.88%
Dec 1999 11.82%
Jan 2000 11.63%
Feb 2000 11.49%
Mar 2000 11.35%
Apr 2000 11.53%
May 2000 11.57%
Jun 2000 11.81%
Jul 2000 11.41%
Aug 2000 11.63%
Sep 2000 11.70%
Oct 2000 11.86%
Nov 2000 12.00%
Dec 2000 11.85%
Jan 2001 11.92%
Feb 2001 11.79%
Mar 2001 11.70%
Apr 2001 11.68%
May 2001 11.76%
Jun 2001 11.96%
Jul 2001 11.99%
Aug 2001 12.22%
Sep 2001 12.23%
Oct 2001 11.84%
Nov 2001 12.02%
Dec 2001 11.78%
Jan 2002 11.91%
Feb 2002 11.72%
Mar 2002 11.89%
Apr 2002 11.71%
May 2002 11.94%
Jun 2002 11.60%
Jul 2002 11.10%
Aug 2002 11.20%
Sep 2002 10.22%
Oct 2002 10.26%
Nov 2002 10.24%
Dec 2002 10.26%
Jan 2003 9.64%
Feb 2003 8.99%
Mar 2003 8.83%
Apr 2003 8.92%
May 2003 8.83%
Jun 2003 8.82%
Jul 2003 8.73%
Aug 2003 8.63%
Sep 2003 8.44%
Oct 2003 8.40%
Nov 2003 8.35%
Dec 2003 8.42%
Jan 2004 8.06%
Feb 2004 8.01%
Mar 2004 7.91%
Apr 2004 7.67%
May 2004 7.75%
Jun 2004 7.72%
Jul 2004 7.42%
Aug 2004 7.43%
Sep 2004 7.38%
Oct 2004 7.36%
Nov 2004 8.13%
Dec 2004 8.36%
Jan 2005 8.80%
Feb 2005 8.89%
Mar 2005 9.13%
Apr 2005 7.87%
May 2005 7.45%
Jun 2005 7.35%
Jul 2005 7.35%
Aug 2005 7.33%
Sep 2005 7.24%
Oct 2005 7.29%
Nov 2005 7.44%
Dec 2005 7.30%
Jan 2006 7.25%
Feb 2006 7.31%
Mar 2006 7.26%
Apr 2006 7.17%
May 2006 7.09%
Jun 2006 7.09%
Jul 2006 7.48%
Aug 2006 7.53%
Sep 2006 7.02%
Oct 2006 6.94%
Nov 2006 7.17%
Dec 2006 7.13%
Jan 2007 7.16%
Feb 2007 7.23%
Mar 2007 7.16%
Apr 2007 7.30%
May 2007 7.33%
Jun 2007 7.35%
Jul 2007 7.42%
Aug 2007 7.46%
Sep 2007 7.49%
Oct 2007 7.85%
Nov 2007 7.96%
Dec 2007 7.88%
Jan 2008 7.86%
Feb 2008 7.71%
Mar 2008 7.93%
Apr 2008 8.60%
May 2008 8.54%
Jun 2008 8.53%
Jul 2008 8.64%
Aug 2008 9.24%
Sep 2008 9.57%
Oct 2008 9.16%
Nov 2008 9.30%
Dec 2008 9.30%
Jan 2009 9.08%
Feb 2009 9.10%
Mar 2009 9.66%
Apr 2009 9.66%
May 2009 9.63%
Jun 2009 9.87%
Jul 2009 9.84%
Aug 2009 10.45%
Sep 2009 10.43%
Oct 2009 10.83%
Nov 2009 10.77%
Dec 2009 10.65%
Jan 2010 9.77%
Feb 2010 9.54%
Mar 2010 9.65%
Apr 2010 9.74%
May 2010 9.71%
Jun 2010 9.78%
Jul 2010 9.77%
Aug 2010 9.58%
Sep 2010 9.89%
Oct 2010 9.16%
Nov 2010 9.11%
Dec 2010 8.95%
Jan 2011 8.57%
Feb 2011 8.45%
Mar 2011 8.40%
Apr 2011 8.17%
May 2011 9.22%
Jun 2011 9.29%
Jul 2011 9.18%
Aug 2011 8.98%
Sep 2011 8.96%
Oct 2011 8.97%
Nov 2011 9.00%
Dec 2011 8.86%
Jan 2012 8.61%
Feb 2012 7.84%
Mar 2012 7.92%
Apr 2012 7.90%
May 2012 7.93%
Jun 2012 7.97%
Jul 2012 7.83%
Aug 2012 7.83%
Sep 2012 7.45%
Oct 2012 7.48%
Nov 2012 7.30%
Dec 2012 7.06%
Jan 2013 6.93%
Feb 2013 6.89%
Mar 2013 6.69%
Apr 2013 6.65%
May 2013 6.64%
Jun 2013 6.62%
Jul 2013 6.10%
Aug 2013 6.18%
Sep 2013 6.13%
Oct 2013 6.25%
Nov 2013 5.76%
Dec 2013 5.74%
Jan 2014 5.56%
Feb 2014 5.33%
Mar 2014 5.40%
Apr 2014 5.45%
May 2014 5.29%
Jun 2014 5.23%
Jul 2014 5.13%
Aug 2014 5.12%
Sep 2014 4.96%
Oct 2014 5.01%
Nov 2014 4.92%
Dec 2014 4.93%
Jan 2015 4.80%
Feb 2015 4.51%
Mar 2015 4.41%
Apr 2015 4.34%
May 2015 4.33%
Jun 2015 4.28%
Jul 2015 4.25%
Aug 2015 4.25%
Sep 2015 4.33%
Oct 2015 4.37%
Nov 2015 4.44%
Dec 2015 4.45%
Jan 2016 4.29%
Feb 2016 4.27%
Mar 2016 4.38%
Apr 2016 4.30%
May 2016 4.33%
Jun 2016 4.28%
Jul 2016 4.13%
Aug 2016 4.14%
Sep 2016 4.11%
Oct 2016 3.75%
Nov 2016 3.76%
Dec 2016 3.74%
Jan 2017 3.69%
Feb 2017 3.66%
Mar 2017 3.73%
Apr 2017 3.81%
May 2017 3.79%
Jun 2017 3.76%
Jul 2017 3.79%
Aug 2017 3.79%
Sep 2017 3.74%
Oct 2017 3.78%
Nov 2017 3.81%
Dec 2017 3.85%
Jan 2018 3.85%
Feb 2018 3.82%
Mar 2018 3.80%
Apr 2018 3.81%
May 2018 3.73%
Jun 2018 3.83%
Jul 2018 3.76%
Aug 2018 3.77%
Sep 2018 3.81%
Oct 2018 3.77%
Nov 2018 3.81%

Average interest rates on 10K loans are the lowest they’ve ever been. Since October 2016, they’ve stayed under 4%. This is less than half their average rate at their peak in 2009, when they averaged 10%.

Postcode areas with the highest amount of personal loans per person.

The areas with the largest populations will typically have the highest levels of personal loans. However, by looking deeper into the data you can reveal a different story on a per capita basis. Which postcode area has the highest amount of personal loans per person?

Rank Area code Postcode area Outstanding balances Per capita
1 NN Northampton £485.7 million £753
2 SP Salisbury £170.9 million £750
3 RG Reading £568.8 million £744
4 SL Slough £269.0 million £733
5 WA Warrington £446.0 million £733
6 CW Crewe £223.6 million £733
7 RH Redhill £378.5 million £723
8 MK Milton Keynes £357.7 million £715
9 DA Dartford £304.1 million £714
10 CM Chelmsford £453.8 million £705

Which regions have the highest value of outstanding personal loans?

We looked into how much each region in the UK owes in personal debt. London is unsurprisingly in the lead, with over £6 billion in outstanding personal loans. The South East follows closely in second with over £5.7 billion outstanding and the North East has the smallest amount of personal loan debt with just under £1.6 billion.

A decade in personal loans: yearly figures 2007-2017

Year Total unsecured lending Total write-offs Average interest rate, 5K loans Average interest rate, 10K loans
2007 £168 billion £3,529 billion 9.1% 7.5%
2008 £157 billion £3,244 billion 10.8% 8.7%
2009 £137 billion £4,595 billion 12.6% 10.0%
2010 £143 billion £3,753 billion 12.1% 9.6%
2011 £143 billion £2,622 billion 12.9% 8.8%
2012 £146 billion £1,849 billion 13.2% 7.8%
2013 £150 billion £1,309 billion 11.1% 6.4%
2014 £162 billion £1,193 billion 9.5% 5.2%
2015 £178 billion £1,300 billion 8.4% 4.4%
2016 £186 billion £860 billion 9.2% 4.1%
2017 £191 billion £610 billion 8.4% 3.8%

Sources used

  • The Bank of England
  • The Money Charity
  • The BBA
Click here for more research. For all media enquiries, please contact:

Matt Mckenna
Head of UK communications
T: +44 20 8191 8806
matt.mckenna@finder.com@MichHutchison/in/matthewmckenna2

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