PRESS ROOM - POLAR MONEY MONITOR
Welcome to the PolarLoans Money Monitor which gives a monthly insight into consumer activity in the loan marketplace
March 2005
Random Sample of 337 Loan applications via PolarLoans.co.uk totalling £6,917,500
Purpose of Loan
| Purpose | Number |
%age |
| Business | 69 |
20% |
| Car | 30 |
9% |
| Consolidation | 127 |
38% |
| Home Improvements | 72 |
21% |
| Other* | 39 |
12% |
*includes Wedding Loans, Holiday Loans, Remortgages and Boat Loans
Financial Status of Applicants
| Status | Number |
%age |
| Employed | 281 |
83% |
| Self Employed | 31 |
9% |
| Unemployed | 10 |
3% |
| Retired | 2 |
1% |
| Housewife / Husband | 10 |
3% |
| Disabled | 2 |
1% |
Average Loan Sizes
| Purpose | |
| Business | £26,869 |
| Car | £17,983 |
| Consolidation | £21,417 |
| Home Improvements | £13,507 |
| Other | £21.320 |
| OVERALL AVERAGE | £20,527 |
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