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Consumer lending in the United Kingdom - Statistics & Facts

Consumer lending in its simplest terms is essentially the loaning of money for personal use, family or household spending. Unlike larger loans that are secured against either assets or property, consumer loans in large are unsecured (except vehicle loans) and therefore come with a risk to both the financial body that supplied the payment as well as the individual that must pay back the loan. Consumer loans in general are used to stay ahead on bills, pay for goods, buy motor vehicles, furniture or make home improvements. As of October 2017, consumer lending in the United Kingdom (UK) amounted to approximately 22.8 billion British pounds.

Consumer lending comes in a number of forms including credit cards, overdrafts, personal loans and motor financing, to name a few. As of March 2017, consumer lending by banks for personal loans, overdrafts and other lending amounted to 62 billion British pounds. Almost 40 million individuals in the UK had been granted some form of loan or credit in 2017. Moreover, there were 3.6 million adults in the United Kingdom (UK) that had taken money from a friend or family member, with a further 100 thousand taking the risk of acquiring a loan through an unregistered lender.

The average person in the UK during the same time period had personal loan debt of over 8.3 thousand British pounds. In fact, lending in general seems to be on the up, with the growth rate of credit card lending from high street banks increasing over the previous two years.

With more willingness from financial institutions to loan money, it could almost be assumed that the number of complaints regarding unsecured loans would see a four-year height in 2017. Although this is the case, the actual amount written off by banks and building societies in loans has seen its smallest quarterly figures in 2017 and is expected to continue in that trend towards 2020 where only an estimated 1.8 percent of consumer credit loans will have to be written off.

Interesting statistics

In the following 5 chapters, you will quickly find the 30 most important statistics relating to "Consumer lending in the UK".

Consumer lending in the United Kingdom (UK)

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!

Important key figures

The most important key figures provide you with a compact summary of the topic of "Consumer lending in the UK" and take you straight to the corresponding statistics.

Average amounts owed in unsecured Debt UK

Number of adults with credit or loan


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