This statistic presents the results of a survey on the share of consumers who take out personal loans in the United Kingdom (UK) as of 2016, by main reasons behind their credit choice. Among respondents, 71 percent stated that they had chosen a particular personal loan because of it's interest rate or annual percentage rate (APR). 61 percent of respondents also agreed that repayment amounts were also a large factor when considering a personal loan.
Thinking back to when you first took out your personal loan, what were the important reasons for choosing it?
This question was phrased by the source as follows: "Thinking back to when you first took out your [selected product], what were the important reasons for choosing it?"
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Financial Conduct Authority. (June 20, 2018). Thinking back to when you first took out your personal loan, what were the important reasons for choosing it? [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/857972/reasons-for-taking-out-personal-loans-united-kingdom-uk/
Financial Conduct Authority. "Thinking back to when you first took out your personal loan, what were the important reasons for choosing it?." Chart. June 20, 2018. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/857972/reasons-for-taking-out-personal-loans-united-kingdom-uk/
Financial Conduct Authority. (2018). Thinking back to when you first took out your personal loan, what were the important reasons for choosing it?. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/857972/reasons-for-taking-out-personal-loans-united-kingdom-uk/
Financial Conduct Authority. "Thinking Back to When You First Took out Your Personal Loan, What Were The Important Reasons for Choosing It?." Statista, Statista Inc., 20 Jun 2018, https://www-statista-com.ezproxy.canberra.edu.au/statistics/857972/reasons-for-taking-out-personal-loans-united-kingdom-uk/
Financial Conduct Authority, Thinking back to when you first took out your personal loan, what were the important reasons for choosing it? Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/857972/reasons-for-taking-out-personal-loans-united-kingdom-uk/ (last visited November 10, 2024)
Thinking back to when you first took out your personal loan, what were the important reasons for choosing it? [Graph], Financial Conduct Authority, June 20, 2018. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/857972/reasons-for-taking-out-personal-loans-united-kingdom-uk/
