Personal loan statistics

An overview of key loans stats, updated monthly.

Updated

Fact checked
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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 cars. 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, in other words, a loan 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 7.87%. For a loan of £10,000 it’s 3.48%.
  • An overdraft has an average APR of 19.72%.
  • The average debt is £60,363 per household (including mortgages). This is £1,680 billion in total for the whole of the UK.
  • The average credit card debt is £2,595. By making only the minimum payment every month, this would take 26 years and 8 months to pay off.
  • 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, 1993-2020

Month Total lending (in £ billion)
Jun 2020 11.97
May 2020 9.14
Apr 2020 8.30
Mar 2020 14.78
Feb 2020 15.79
Jan 2020 17.49
Dec 2019 17.70
Nov 2019 16.83
Oct 2019 17.28
Sep 2019 17.33
Aug 2019 17.33
Jul 2019 18.77
Jun 2019 16.60
May 2019 17.89
Apr 2019 17.88
Mar 2019 17.03
Feb 2019 15.58
Jan 2019 17.31
Dec 2018 16.59
Nov 2018 17.47
Oct 2018 17.77
Sep 2018 15.91
Aug 2018 17.18
Jul 2018 17.65
Jun 2018 16.68
May 2018 17.18
Apr 2018 16.44
Mar 2018 16.04
Feb 2018 14.68
Jan 2018 16.62
Dec 2017 15.34
Nov 2017 16.60
Oct 2017 16.20
Sep 2017 15.60
Aug 2017 16.14
Jul 2017 16.21
Jun 2017 15.79
May 2017 16.54
Apr 2017 14.81
Mar 2017 16.96
Feb 2017 14.53
Jan 2017 16.10
Dec 2016 15.51
Nov 2016 16.11
Oct 2016 15.70
Sep 2016 15.84
Aug 2016 16.31
Jul 2016 15.32
Jun 2016 15.56
May 2016 15.78
Apr 2016 15.01
Mar 2016 15.80
Feb 2016 14.96
Jan 2016 14.24
Dec 2015 15.42
Nov 2015 15.31
Oct 2015 14.84
Sep 2015 15.41
Aug 2015 14.75
Jul 2015 15.43
Jun 2015 15.55
May 2015 14.20
Apr 2015 14.24
Mar 2015 15.53
Feb 2015 13.20
Jan 2015 13.97
Dec 2014 15.51
Nov 2014 13.76
Oct 2014 14.67
Sep 2014 14.02
Aug 2014 12.80
Jul 2014 13.74
Jun 2014 13.39
May 2014 13.18
Apr 2014 12.92
Mar 2014 13.38
Feb 2014 11.88
Jan 2014 12.96
Dec 2013 13.26
Nov 2013 12.74
Oct 2013 12.95
Sep 2013 13.02
Aug 2013 12.80
Jul 2013 13.84
Jun 2013 12.04
May 2013 12.72
Apr 2013 12.55
Mar 2013 11.78
Feb 2013 10.89
Jan 2013 11.67
Dec 2012 12.74
Nov 2012 12.63
Oct 2012 13.02
Sep 2012 11.66
Aug 2012 12.33
Jul 2012 12.57
Jun 2012 11.56
May 2012 12.35
Apr 2012 11.63
Mar 2012 12.13
Feb 2012 11.11
Jan 2012 11.92
Dec 2011 12.38
Nov 2011 12.24
Oct 2011 11.89
Sep 2011 12.08
Aug 2011 12.73
Jul 2011 11.97
Jun 2011 12.15
May 2011 12.34
Apr 2011 11.21
Mar 2011 12.29
Feb 2011 10.73
Jan 2011 11.36
Dec 2010 12.28
Nov 2010 12.93
Oct 2010 11.51
Sep 2010 12.22
Aug 2010 12.32
Jul 2010 12.21
Jun 2010 12.52
May 2010 11.35
Apr 2010 11.59
Mar 2010 12.61
Feb 2010 10.77
Jan 2010 10.44
Dec 2009 11.86
Nov 2009 11.27
Oct 2009 10.95
Sep 2009 11.51
Aug 2009 10.87
Jul 2009 12.11
Jun 2009 12.08
May 2009 11.02
Apr 2009 11.31
Mar 2009 12.18
Feb 2009 10.48
Jan 2009 11.44
Dec 2008 13.22
Nov 2008 11.71
Oct 2008 12.80
Sep 2008 13.30
Aug 2008 12.24
Jul 2008 13.73
Jun 2008 13.17
May 2008 13.21
Apr 2008 13.24
Mar 2008 13.00
Feb 2008 13.14
Jan 2008 13.83
Dec 2007 14.25
Nov 2007 14.57
Oct 2007 14.74
Sep 2007 13.00
Aug 2007 14.23
Jul 2007 14.80
Jun 2007 13.68
May 2007 14.33
Apr 2007 13.28
Mar 2007 13.96
Feb 2007 12.36
Jan 2007 14.39
Dec 2006 13.80
Nov 2006 14.37
Oct 2006 14.78
Sep 2006 13.80
Aug 2006 14.46
Jul 2006 14.24
Jun 2006 14.38
May 2006 15.21
Apr 2006 13.13
Mar 2006 14.70
Feb 2006 13.35
Jan 2006 14.88
Dec 2005 15.06
Nov 2005 15.40
Oct 2005 14.99
Sep 2005 15.04
Aug 2005 16.08
Jul 2005 14.72
Jun 2005 15.47
May 2005 15.31
Apr 2005 14.46
Mar 2005 15.35
Feb 2005 13.97
Jan 2005 14.56
Dec 2004 15.49
Nov 2004 16.26
Oct 2004 14.90
Sep 2004 15.60
Aug 2004 15.67
Jul 2004 16.01
Jun 2004 16.20
May 2004 14.49
Apr 2004 14.64
Mar 2004 16.31
Feb 2004 14.00
Jan 2004 14.25
Dec 2003 15.72
Nov 2003 14.18
Oct 2003 15.34
Sep 2003 15.42
Aug 2003 14.07
Jul 2003 16.06
Jun 2003 14.84
May 2003 14.11
Apr 2003 13.80
Mar 2003 13.70
Feb 2003 12.60
Jan 2003 13.95
Dec 2002 14.32
Nov 2002 13.27
Oct 2002 13.85
Sep 2002 13.32
Aug 2002 13.54
Jul 2002 15.07
Jun 2002 12.38
May 2002 14.38
Apr 2002 14.28
Mar 2002 12.96
Feb 2002 12.19
Jan 2002 13.01
Dec 2001 12.94
Nov 2001 13.12
Oct 2001 13.55
Sep 2001 11.60
Aug 2001 12.60
Jul 2001 13.21
Jun 2001 12.04
May 2001 12.18
Apr 2001 11.46
Mar 2001 11.37
Feb 2001 10.25
Jan 2001 11.40
Dec 2000 10.96
Nov 2000 11.13
Oct 2000 11.09
Sep 2000 10.13
Aug 2000 11.12
Jul 2000 10.99
Jun 2000 11.02
May 2000 11.36
Apr 2000 9.52
Mar 2000 11.07
Feb 2000 10.22
Jan 2000 9.72
Dec 1999 10.66
Nov 1999 10.79
Oct 1999 9.64
Sep 1999 10.19
Aug 1999 10.01
Jul 1999 10.03
Jun 1999 10.05
May 1999 8.67
Apr 1999 8.99
Mar 1999 9.81
Feb 1999 8.35
Jan 1999 8.26
Dec 1998 9.63
Nov 1998 9.07
Oct 1998 8.88
Sep 1998 9.40
Aug 1998 8.74
Jul 1998 9.27
Jun 1998 9.13
May 1998 8.36
Apr 1998 8.30
Mar 1998 8.49
Feb 1998 7.44
Jan 1998 7.64
Dec 1997 8.91
Nov 1997 7.50
Oct 1997 8.06
Sep 1997 7.65
Aug 1997 7.63
Jul 1997 8.05
Jun 1997 7.59
May 1997 7.17
Apr 1997 7.54
Mar 1997 6.47
Feb 1997 6.27
Jan 1997 6.59
Dec 1996 7.39
Nov 1996 6.66
Oct 1996 7.13
Sep 1996 6.67
Aug 1996 7.03
Jul 1996 7.36
Jun 1996 6.29
May 1996 6.84
Apr 1996 6.61
Mar 1996 6.09
Feb 1996 5.67
Jan 1996 6.01
Dec 1995 6.11
Nov 1995 6.02
Oct 1995 6.00
Sep 1995 5.79
Aug 1995 6.36
Jul 1995 5.85
Jun 1995 5.94
May 1995 5.95
Apr 1995 5.33
Mar 1995 5.74
Feb 1995 4.78
Jan 1995 5.04
Dec 1994 5.64
Nov 1994 5.29
Oct 1994 4.91
Sep 1994 5.22
Aug 1994 5.76
Jul 1994 4.93
Jun 1994 5.20
May 1994 4.88
Apr 1994 4.55
Mar 1994 5.06
Feb 1994 4.13
Jan 1994 4.28
Dec 1993 4.97
Nov 1993 4.69
Oct 1993 4.29
Sep 1993 4.80
Aug 1993 4.97
Jul 1993 4.57
Jun 1993 4.70
May 1993 4.10
Apr 1993 4.50

The chart above shows the total amount of money being lent via unsecured loans in the UK each month for personal loans, dealership car finance, short term loans and credit cards. This monthly total has been generally increasing since the start of this dataset in 1993, despite decreasing between 2004 and 2010. In 2017, a total of £191 billion was lent, an increase of 31% compared to 2012 when £146 billion was lent in total.

In 2019, the total value of unsecured loans was at its highest ever recorded, at £208 billion. Two years later in 2020, a dip emerged due to the coronavirus pandemic, and the amount of money being lent dropped to the lowest rates since 1998. Between January and June 2020, £77 billion was lent out in total. Note that these figures don’t include student loans.

Quarterly personal loan write-offs

The amount of personal debt being written off has been relatively low in recent years. The most extreme year for write-offs was after the financial crisis in 2008-2009 when £3.75 billion was written off in total in 2010. After 2010, the write-off trend started to decrease. In 2017, only £610 million was written off.

In 2019, £1.58 billion was written off, and in the first half of 2020, a mere £390 million has been written off. If this trend continues for the rest of the year, it might be the first year since 2017 where the value of write-offs is below £1 billion.

Month Total write-offs (in £ million)
Mar 2020 386
Dec 2019 433
Sep 2019 456
Jun 2019 353
Mar 2019 341
Dec 2018 305
Sep 2018 342
Jun 2018 282
Mar 2018 228
Dec 2017 140
Sep 2017 185
Jun 2017 136
Mar 2017 149
Dec 2016 237
Sep 2016 182
Jun 2016 182
Mar 2016 259
Dec 2015 458
Sep 2015 190
Jun 2015 230
Mar 2015 422
Dec 2014 253
Sep 2014 439
Jun 2014 287
Mar 2014 214
Dec 2013 219
Sep 2013 477
Jun 2013 194
Mar 2013 419
Dec 2012 381
Sep 2012 445
Jun 2012 435
Mar 2012 588
Dec 2011 425
Sep 2011 579
Jun 2011 760
Mar 2011 858
Dec 2010 925
Sep 2010 959
Jun 2010 1,151
Mar 2010 718
Dec 2009 1,799
Sep 2009 1,024
Jun 2009 986
Mar 2009 786
Dec 2008 865
Sep 2008 762
Jun 2008 976
Mar 2008 641
Dec 2007 898
Sep 2007 699
Jun 2007 1,018
Mar 2007 914
Dec 2006 1,186
Sep 2006 946
Jun 2006 821
Mar 2006 836
Dec 2005 1,597
Sep 2005 684
Jun 2005 793
Mar 2005 512
Dec 2004 633
Sep 2004 489
Jun 2004 593
Mar 2004 493
Dec 2003 469
Sep 2003 524
Jun 2003 463
Mar 2003 491
Dec 2002 542
Sep 2002 446
Jun 2002 390
Mar 2002 524
Dec 2001 405
Sep 2001 351
Jun 2001 331
Mar 2001 325
Dec 2000 345
Sep 2000 253
Jun 2000 235
Mar 2000 259
Dec 1999 394
Sep 1999 275
Jun 1999 285
Mar 1999 266
Dec 1998 240
Sep 1998 206
Jun 1998 205
Mar 1998 203
Dec 1997 225
Sep 1997 252
Jun 1997 217
Mar 1997 300
Dec 1996 316
Sep 1996 231
Jun 1996 240
Mar 1996 279
Dec 1995 346
Sep 1995 215
Jun 1995 181
Mar 1995 224
Dec 1994 237
Sep 1994 198
Jun 1994 182
Mar 1994 228
Dec 1993 304
Sep 1993 193
Jun 1993 179
Mar 1993 267

Interest rates on personal loans

The interest that is charged on personal loans has varied wildly over the years, with the interest rates on £10,000 loans being consistently lower than those on £5,000 loans.

£5,000 loans

£5,000 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%.

Interest rates at the moment are historically low. The rate for £5,000 loans is currently at 7.80% and it’s been at an average of 7.86% for all of 2020. In 2019, the average was slightly lower at 7.84%, the lowest rate in over a decade.

Month Interest rate (%)
Jul 2020 7.80
Jun 2020 7.87
May 2020 8.04
Apr 2020 7.83
Mar 2020 7.91
Feb 2020 7.87
Jan 2020 7.70
Dec 2019 7.92
Nov 2019 7.93
Oct 2019 7.88
Sep 2019 7.80
Aug 2019 7.88
Jul 2019 7.82
Jun 2019 7.90
May 2019 7.83
Apr 2019 7.74
Mar 2019 7.71
Feb 2019 7.67
Jan 2019 7.98
Dec 2018 8.03
Nov 2018 7.88
Oct 2018 7.74
Sep 2018 7.88
Aug 2018 7.82
Jul 2018 7.76
Jun 2018 8.09
May 2018 8.04
Apr 2018 8.14
Mar 2018 7.98
Feb 2018 8.04
Jan 2018 8.33
Dec 2017 8.33
Nov 2017 8.34
Oct 2017 8.11
Sep 2017 8.20
Aug 2017 7.91
Jul 2017 8.04
Jun 2017 7.87
May 2017 7.76
Apr 2017 7.85
Mar 2017 9.54
Feb 2017 8.81
Jan 2017 9.45
Dec 2016 9.49
Nov 2016 9.07
Oct 2016 9.06
Sep 2016 9.59
Aug 2016 9.13
Jul 2016 9.19
Jun 2016 9.27
May 2016 9.41
Apr 2016 9.27
Mar 2016 9.44
Feb 2016 8.95
Jan 2016 9.11
Dec 2015 8.39
Nov 2015 8.14
Oct 2015 7.77
Sep 2015 7.73
Aug 2015 7.48
Jul 2015 7.87
Jun 2015 8.82
May 2015 8.91
Apr 2015 8.97
Mar 2015 8.78
Feb 2015 8.79
Jan 2015 8.98
Dec 2014 8.78
Nov 2014 8.82
Oct 2014 8.62
Sep 2014 9.20
Aug 2014 9.68
Jul 2014 9.66
Jun 2014 9.78
May 2014 9.86
Apr 2014 9.86
Mar 2014 9.75
Feb 2014 9.72
Jan 2014 9.89
Dec 2013 10.08
Nov 2013 10.90
Oct 2013 10.36
Sep 2013 10.30
Aug 2013 10.11
Jul 2013 10.91
Jun 2013 11.15
May 2013 11.77
Apr 2013 11.70
Mar 2013 11.77
Feb 2013 12.16
Jan 2013 12.32
Dec 2012 12.37
Nov 2012 14.03
Oct 2012 13.44
Sep 2012 13.44
Aug 2012 13.12
Jul 2012 13.11
Jun 2012 13.30
May 2012 13.31
Apr 2012 13.04
Mar 2012 13.08
Feb 2012 12.91
Jan 2012 13.22
Dec 2011 13.88
Nov 2011 13.57
Oct 2011 13.26
Sep 2011 13.26
Aug 2011 13.11
Jul 2011 13.12
Jun 2011 13.13
May 2011 13.18
Apr 2011 12.96
Mar 2011 12.02
Feb 2011 11.79
Jan 2011 11.78
Dec 2010 12.04
Nov 2010 12.44
Oct 2010 12.38
Sep 2010 12.26
Aug 2010 11.63
Jul 2010 11.77
Jun 2010 12.19
May 2010 12.20
Apr 2010 12.30
Mar 2010 12.01
Feb 2010 11.84
Jan 2010 11.95
Dec 2009 12.71
Nov 2009 12.93
Oct 2009 12.94
Sep 2009 12.75
Aug 2009 12.67
Jul 2009 12.52
Jun 2009 12.45
May 2009 12.44
Apr 2009 12.57
Mar 2009 12.51
Feb 2009 12.28
Jan 2009 12.34
Dec 2008 12.08
Nov 2008 12.02
Oct 2008 11.66
Sep 2008 11.47
Aug 2008 11.03
Jul 2008 10.67
Jun 2008 10.46
May 2008 10.41
Apr 2008 10.52
Mar 2008 9.76
Feb 2008 9.87
Jan 2008 9.91
Dec 2007 9.77
Nov 2007 9.93
Oct 2007 9.81
Sep 2007 9.09
Aug 2007 9.08
Jul 2007 8.93
Jun 2007 8.85
May 2007 8.84
Apr 2007 8.71
Mar 2007 8.67
Feb 2007 9.09
Jan 2007 8.96
Dec 2006 8.67
Nov 2006 9.32
Oct 2006 9.06
Sep 2006 8.60
Aug 2006 9.28
Jul 2006 9.14
Jun 2006 9.65
May 2006 9.37
Apr 2006 9.72
Mar 2006 9.85
Feb 2006 9.87
Jan 2006 10.12
Dec 2005 10.28
Nov 2005 10.09
Oct 2005 9.86
Sep 2005 10.01
Aug 2005 10.32
Jul 2005 11.08
Jun 2005 11.08
May 2005 10.96
Apr 2005 10.92
Mar 2005 10.92
Feb 2005 10.76
Jan 2005 10.85

£10,000 loans

Average interest rates for £10,000 loans are the lowest they’ve ever been as well. Since October 2016, they’ve stayed under 4%, and in 2020, the average interest rate is 3.53%. This is 55% lower than the rate’s peak in 2012, when it averaged 7.76%.

Month Interest rate (%)
Jul 2020 3.48
Jun 2020 3.51
May 2020 3.54
Apr 2020 3.44
Mar 2020 3.56
Feb 2020 3.59
Jan 2020 3.58
Dec 2019 3.60
Nov 2019 3.61
Oct 2019 3.65
Sep 2019 3.61
Aug 2019 3.62
Jul 2019 3.61
Jun 2019 3.65
May 2019 3.65
Apr 2019 3.64
Mar 2019 3.69
Feb 2019 3.69
Jan 2019 3.73
Dec 2018 3.83
Nov 2018 3.81
Oct 2018 3.77
Sep 2018 3.81
Aug 2018 3.77
Jul 2018 3.76
Jun 2018 3.83
May 2018 3.73
Apr 2018 3.81
Mar 2018 3.8
Feb 2018 3.82
Jan 2018 3.85
Dec 2017 3.85
Nov 2017 3.81
Oct 2017 3.78
Sep 2017 3.74
Aug 2017 3.79
Jul 2017 3.79
Jun 2017 3.76
May 2017 3.79
Apr 2017 3.81
Mar 2017 3.73
Feb 2017 3.66
Jan 2017 3.69
Dec 2016 3.74
Nov 2016 3.76
Oct 2016 3.75
Sep 2016 4.11
Aug 2016 4.14
Jul 2016 4.13
Jun 2016 4.28
May 2016 4.33
Apr 2016 4.3
Mar 2016 4.38
Feb 2016 4.27
Jan 2016 4.29
Dec 2015 4.45
Nov 2015 4.44
Oct 2015 4.37
Sep 2015 4.33
Aug 2015 4.25
Jul 2015 4.25
Jun 2015 4.28
May 2015 4.33
Apr 2015 4.34
Mar 2015 4.41
Feb 2015 4.51
Jan 2015 4.8
Dec 2014 4.93
Nov 2014 4.92
Oct 2014 5.01
Sep 2014 4.96
Aug 2014 5.12
Jul 2014 5.13
Jun 2014 5.23
May 2014 5.29
Apr 2014 5.45
Mar 2014 5.4
Feb 2014 5.33
Jan 2014 5.56
Dec 2013 5.74
Nov 2013 5.76
Oct 2013 6.25
Sep 2013 6.13
Aug 2013 6.18
Jul 2013 6.1
Jun 2013 6.62
May 2013 6.64
Apr 2013 6.65
Mar 2013 6.69
Feb 2013 6.89
Jan 2013 6.93
Dec 2012 7.06
Nov 2012 7.3
Oct 2012 7.48
Sep 2012 7.45
Aug 2012 7.83
Jul 2012 7.83
Jun 2012 7.97
May 2012 7.93
Apr 2012 7.9
Mar 2012 7.92
Feb 2012 7.84
Jan 2012 8.61
Dec 2011 8.86
Nov 2011 9
Oct 2011 8.97
Sep 2011 8.96
Aug 2011 8.98
Jul 2011 9.18
Jun 2011 9.29
May 2011 9.22
Apr 2011 8.17
Mar 2011 8.4
Feb 2011 8.45
Jan 2011 8.57
Dec 2010 8.95
Nov 2010 9.11
Oct 2010 9.16
Sep 2010 9.89
Aug 2010 9.58
Jul 2010 9.77
Jun 2010 9.78
May 2010 9.71
Apr 2010 9.74
Mar 2010 9.65
Feb 2010 9.54
Jan 2010 9.77
Dec 2009 10.65
Nov 2009 10.77
Oct 2009 10.83
Sep 2009 10.43
Aug 2009 10.45
Jul 2009 9.84
Jun 2009 9.87
May 2009 9.63
Apr 2009 9.66
Mar 2009 9.66
Feb 2009 9.1
Jan 2009 9.08
Dec 2008 9.3
Nov 2008 9.3
Oct 2008 9.16
Sep 2008 9.57
Aug 2008 9.24
Jul 2008 8.64
Jun 2008 8.53
May 2008 8.54
Apr 2008 8.6
Mar 2008 7.93
Feb 2008 7.71
Jan 2008 7.86
Dec 2007 7.88
Nov 2007 7.96
Oct 2007 7.85
Sep 2007 7.49
Aug 2007 7.46
Jul 2007 7.42
Jun 2007 7.35
May 2007 7.33
Apr 2007 7.3
Mar 2007 7.16
Feb 2007 7.23
Jan 2007 7.16
Dec 2006 7.13
Nov 2006 7.17
Oct 2006 6.94
Sep 2006 7.02
Aug 2006 7.53
Jul 2006 7.48
Jun 2006 7.09
May 2006 7.09
Apr 2006 7.17
Mar 2006 7.26
Feb 2006 7.31
Jan 2006 7.25
Dec 2005 7.3
Nov 2005 7.44
Oct 2005 7.29
Sep 2005 7.24
Aug 2005 7.33
Jul 2005 7.35
Jun 2005 7.35
May 2005 7.45
Apr 2005 7.87
Mar 2005 9.13
Feb 2005 8.89
Jan 2005 8.8
Dec 2004 8.36
Nov 2004 8.13
Oct 2004 7.36
Sep 2004 7.38
Aug 2004 7.43
Jul 2004 7.42
Jun 2004 7.72
May 2004 7.75
Apr 2004 7.67
Mar 2004 7.91
Feb 2004 8.01
Jan 2004 8.06
Dec 2003 8.42
Nov 2003 8.35
Oct 2003 8.4
Sep 2003 8.44
Aug 2003 8.63
Jul 2003 8.73
Jun 2003 8.82
May 2003 8.83
Apr 2003 8.92
Mar 2003 8.83
Feb 2003 8.99
Jan 2003 9.64
Dec 2002 10.26
Nov 2002 10.24
Oct 2002 10.26
Sep 2002 10.22
Aug 2002 11.2
Jul 2002 11.1
Jun 2002 11.6
May 2002 11.94
Apr 2002 11.71
Mar 2002 11.89
Feb 2002 11.72
Jan 2002 11.91
Dec 2001 11.78
Nov 2001 12.02
Oct 2001 11.84
Sep 2001 12.23
Aug 2001 12.22
Jul 2001 11.99
Jun 2001 11.96
May 2001 11.76
Apr 2001 11.68
Mar 2001 11.7
Feb 2001 11.79
Jan 2001 11.92
Dec 2000 11.85
Nov 2000 12
Oct 2000 11.86
Sep 2000 11.7
Aug 2000 11.63
Jul 2000 11.41
Jun 2000 11.81
May 2000 11.57
Apr 2000 11.53
Mar 2000 11.35
Feb 2000 11.49
Jan 2000 11.63
Dec 1999 11.82
Nov 1999 11.88
Oct 1999 12.04
Sep 1999 11.95
Aug 1999 12.41
Jul 1999 12.7
Jun 1999 12.92
May 1999 12.93
Apr 1999 13
Mar 1999 13.29
Feb 1999 13.37
Jan 1999 13.07
Dec 1998 13.17
Nov 1998 13.45
Oct 1998 13.48
Sep 1998 13.44
Aug 1998 13.4
Jul 1998 13.58
Jun 1998 13.77
May 1998 13.8
Apr 1998 13.73
Mar 1998 13.77
Feb 1998 13.91
Jan 1998 14.21
Dec 1997 13.86
Nov 1997 14.01
Oct 1997 14.06
Sep 1997 13.79
Aug 1997 13.79
Jul 1997 13.53
Jun 1997 13.53
May 1997 13.44
Apr 1997 13.5
Mar 1997 13.95
Feb 1997 13.94
Jan 1997 13.79
Dec 1996 14.1
Nov 1996 14.15
Oct 1996 14.13
Sep 1996 14.04
Aug 1996 14.45
Jul 1996 13.87
Jun 1996 13.88
May 1996 14.04
Apr 1996 13.91
Mar 1996 16.02
Feb 1996 15.91
Jan 1996 16.14
Dec 1995 17.12
Nov 1995 17.26
Oct 1995 17.18
Sep 1995 17.12
Aug 1995 16.81
Jul 1995 16.66
Jun 1995 17.28
May 1995 17.04
Apr 1995 17.6
Mar 1995 17.68
Feb 1995 17.6
Jan 1995 17.55

Postcode areas with the highest amount of personal loans per person

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

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 amount 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. The North East has the smallest amount of personal loan debt, with just under £1.6 billion.

A decade in personal loans: Yearly figures 2010-2020

Have a look at the table below to compare average interest rates, total amount lent per year and total write-offs for the past decade.

Year Total amount lent Total write-offs Average interest rate, £5,000 loans Average interest rate, £10,000 loans
2020 £77 billion £0.39 billion 7.86% 3.53%
2019 £208 billion £1.58 billion 7.84% 3.65%
2018 £200 billion £1.16 billion 7.98% 3.80%
2017 £191 billion £0.61 billion 8.40% 3.80%
2016 £186 billion £0.86 billion 9.20% 4.10%
2015 £178 billion £1.30 billion 8.40% 4.40%
2014 £162 billion £1.19 billion 9.50% 5.20%
2013 £150 billion £1.31 billion 11.10% 6.40%
2012 £146 billion £1.85 billion 13.20% 7.80%
2011 £143 billion £2.62 billion 12.90% 8.80%
2010 £143 billion £3.75 billion 12.10% 9.60%

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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