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Main reasons for taking out personal loans in the UK 2016

Distribution of consumers who take out personal loans in the United Kingdom as of 2016, by reason

The data describes the Distribution of consumers who take out personal loans in the UK as of 2016, by reason. Among respondents, 25% of respondents stated that they take out loans to help fund vehicle purchase or improvements and 24% use loans for house and home improvements. Only 3% of those surveyed take out loans to finance holidays.

Debt consolidation	31
Vehicle purchase or improvements	25
House and home improvement	24
Holiday	3
Other	17

Main reasons for taking out personal loans in the UK 2016

StatInvestor