PRESS ROOM - POLAR MONEY MONITOR
Welcome to the PolarLoans Money Monitor which gives a monthly insight into consumer activity in the loan marketplace
April 2005
Random Sample of 433 Loan applications via PolarLoans.co.uk totalling £8,777,648
Purpose of Loan
| Purpose | Number |
%age |
| Business | 55 |
13% |
| Car | 46 |
11% |
| Consolidation | 186 |
43% |
| Home Improvements | 103 |
24% |
| Other* | 43 |
10% |
*includes Wedding Loans, Holiday Loans, Remortgages and Boat Loans
Financial Status of Applicants
| Status | Number |
%age |
| Employed | 375 |
87% |
| Self Employed | 38 |
9% |
| Unemployed | 2 |
1% |
| Retired | 6 |
1% |
| Housewife / Husband | 9 |
2% |
| Disabled | 3 |
1% |
Average Loan Sizes
| Purpose | |
| Business | £27,043 |
| Car | £9,902 |
| Consolidation | £24,301 |
| Home Improvements | £15,546 |
| Other | £13910 |
| OVERALL AVERAGE | £20,271 |
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