Friends happy to grant personal loans

Fri, 29 Jul 2005

Britons are true friends in need, as 75 per cent would gladly lend money to a friend in need.

According to research by Halifax unsecured personal loans, a third of people would ask a friend to give them a short-term personal loan if they are in a pinch.

Young Britons are quickest to ask friends to help them out. Of those aged between 18 and 24, 52 per cent will not hesitate to ask a friend for a short-term personal loan, compared to only 15 per cent of those over 65.

Men are more likely than women to ask their friends for a short-term personal loan, but they also seem more generous loan lenders than women.

Over a third of men will ask a friend for a short-term personal loan, and when they are asked for a short-term loan 11 per cent of them would agree to lend more than £2,000.

That is compared to women, where only a quarter is prepared to ask a friend for a short-term loan. Only six per cent of female loan lenders will be willing to give a friend a short-term loan in excess of £2,000.

add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Credit Crunch Savers
HSA Dental Plan
Get covered from £7.70 per month!
Amex Cash Back
Credit Card
Get 5% cash back on purchases with Amex
Income Protection Insurance
Get an instant quote with the award winning company