Loans statistics - 2025
UK loans statistics - 2025
Whether you're financing a car, renovating your home, or consolidating debt, choosing the right loan can help you manage your finances with confidence. This page takes a look at some of the key trends and statistics for loans taken out in the UK, collated from our own data as well as trusted third-party sources.
Average loan amount
The following data represents the average loan amount borrowed by MoneySuperMarket customers, in the most recent month.
Loan Purpose | Average Loan Amount |
|---|---|
Home improvement | £13264.09[1]Based on the average loan amount from enquirys made on MoneySuperMarket in February 2025 where the purpose of the loan was Home Improvement. |
Debt consolidation | £12531.64[2]Based on the average loan amount from enquirys made on MoneySuperMarket in February 2025 where the purpose of the loan was Debt. |
Buying a car | £12752.95[3]Based on the average loan amount from enquirys made on MoneySuperMarket in February 2025 where the purpose of the loan was Car. |
Holiday | £4975.04[4]Based on the average loan amount from enquirys made on MoneySuperMarket in February 2025 where the purpose of the loan was Holiday. |
Wedding | £9838.62[5]Based on the average loan amount from enquirys made on MoneySuperMarket in February 2025 where the purpose of the loan was Wedding. |
Most common loan terms per loan amount
For all loan amounts above £5k, the most common loan term was 5 years, according to MoneySuperMarket data from January 2025
Loan Amount | Most common loan term |
|---|---|
£1,000 - £2,999 | 2 Years |
£3,000 - £4,999 | 2 Years |
£5,000 - £7,499 | 5 Years |
£7,500 - £14,999 | 5 Years |
£15,000 - £19,999 | 5 Years |
£20,000+ | 5 Years |
Impact of income on APR offered
There is also a strong correlation between income and the APR you will pay on a loan, those earning £40,000 and more received the lowest APRs.
Income banding | Average APR |
|---|---|
£0 - £9,999 | 22.1% |
£10,000 - £19,999 | 16.3% |
£20,000 - £29,999 | 20.2% |
£30,000 - £39,999 | 17.2% |
£40,000 - £49,999 | 15.1% |
£50,000+ | 13.3% |
Most popular loan purpose by age
Buying a car was the most popular reason to borrow money for those aged 54 and younger, whilst the over 55s were more likely to borrow to make home improvements.
Age Band | Most popular loan purpose |
|---|---|
Under 25 | Car loan |
25 to 34 | Car loan |
35 to 44 | Car loan |
45 to 54 | Car loan |
55 to 64 | Home Improvement |
65 to 74 | Home Improvement |
75+ | Home Improvement |
UK household debt trends
According to NimbleFins, personal loan debt per household (£5,533) is at an all time high, and is almost double the amount it was in 2015 (£2,896).
Sources and methodology
Live MoneySuperMarket Enquiry Date
MoneySuperMarket loan data - January 2025
NimbleFins - Average household debt UK