UK loans statistics - October 2026 | MoneySuperMarket
UK loans statistics - 2026
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.
Most common terms per loan amount
For loans between £5,000 and £19,999, the most common loan term was five years. For loans of £20,000 or more, the most common term was between six and ten years, according to MoneySuperMarket data from September 2026
Loan Amount | Most common loan term |
|---|---|
£1,000 - £2,999 | 2 years |
£3,000 - £4,999 | 3 years |
£5,000 - £7,499 | 5 years |
£7,500 - £14,999 | 5 years |
£15,000 - £19,999 | 5 years |
£20,000+ | 6-10 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, according to MoneySuperMarket data from September 2025.
Income banding | Average APR |
|---|---|
£0 - £9,999 | 25.3% |
£10,000 - £19,999 | 20.2% |
£20,000 - £29,999 | 22.2% |
£30,000 - £39,999 | 19.1% |
£40,000 - £49,999 | 16.4% |
£50,000+ | 14.1% |
Most popular loan purpose by age
Buying a car was the most popular loan purpose among applicants under 25. Debt consolidation was most popular among those aged 25 to 54, while home improvement was most popular among applicants aged 55 and over. That’s according to MoneySuperMarket data from September 2026.
Age band | Most popular loan purpose |
|---|---|
Under 25 | Car loan |
25 to 34 | Debt consolidation |
35 to 44 | Debt consolidation |
45 to 54 | Debt consolidation |
55 to 64 | Home improvement |
65 to 74 | Home improvement |
75+ | Home improvement |
Sources and methodology
Live MoneySuperMarket Enquiry Date
MoneySuperMarket loan data - September 2026
Author
Alan Cairns
Senior Content Editor
Alan breaks down money, home, and energy topics into plain English to help you save money. Ask him about pound cost averaging or Balkonkraftwerk.
