PRESS ROOM - POLAR MONEY MONITOR
Welcome to the PolarLoans Money Monitor which gives a monthly insight into consumer activity in the loan marketplace
June 2005
Random Sample of 115 Loan applications via PolarLoans.co.uk totalling £2,912,015
Purpose of Loan
| Purpose | Number |
%age |
| Business | 15 |
13% |
| Car | 4 |
3% |
| Consolidation | 60 |
52% |
| Home Improvements | 28 |
24% |
| Other* | 8 |
8% |
*includes Wedding Loans, Holiday Loans, Remortgages and Boat Loans
Financial Status of Applicants
| Status | Number |
%age |
| Employed | 88 |
76% |
| Self Employed | 17 |
14% |
| Unemployed | 0 |
0% |
| Retired | 4 |
4% |
| Housewife / Husband | 3 |
3% |
| Disabled | 3 |
3% |
Average Loan Sizes
| Purpose | |
| Business | £51,534 |
| Car | £9,250 |
| Consolidation | £25,366 |
| Home Improvements | £14,303 |
| Other | £5,100 |
| OVERALL AVERAGE | £25,321 |
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