PRESS ROOM - POLAR MONEY MONITOR
Welcome to the PolarLoans Money Monitor which gives a monthly insight into consumer activity in the loan marketplace
May 2005
Random Sample of 480 Loan applications via PolarLoans.co.uk totalling £10,866,281
Purpose of Loan
| Purpose | Number |
%age |
| Business | 82 |
17% |
| Car | 42 |
9% |
| Consolidation | 203 |
42% |
| Home Improvements | 96 |
20% |
| Other* | 57 |
10% |
*includes Wedding Loans, Holiday Loans, Remortgages and Boat Loans
Financial Status of Applicants
| Status | Number |
%age |
| Employed | 421 |
86% |
| Self Employed | 44 |
9% |
| Unemployed | 3 |
1% |
| Retired | 6 |
1% |
| Housewife / Husband | 9 |
2% |
| Disabled | 3 |
1% |
Average Loan Sizes
| Purpose | |
| Business | £36,903 |
| Car | £11,095 |
| Consolidation | £23,886 |
| Home Improvements | £17,538 |
| Other | £14,893 |
| OVERALL AVERAGE | £22,638 |
Polar Loans Complementary Guide to secured loans secured personal homeowner loans in the UK
You'll get it immediately along with our bi-monthly Money Tips newsletter to help save money.
We value your privacy and will not share your details
When you borrow money, look no further than Polar Loans. You can borrow anything from £3,000 to £75,000. No Tenants Please.
Our most popular loans are:
|
