18 July 2018
Register today

More Brits turning to Web for loans

06 October 2004  |  4109 views  |  0 More Brits turning to Web for loans

Nearly one in four (24%) UK adults would go online to look for a loan according to research commissioned by Intelligent Finance (IF), an increase of 70% on similar research conducted by the Web bank a year ago.

The research found that just under half (47%) of 18-24 year olds would use the Internet to hunt down competitive loans, compared to just under a quarter (23%) a year ago.

Commenting on the research, Grenville Turner, chief executive, IF, says: "Many homes now have access to at least one PC so it should come as no surprise to us that more and more consumers are going online to find a better deal."

IF says 3.15 million people in the UK - seven per cent of the adult population - intend to take out a personal loan in the year ahead and the research shows consumers are becoming more savvy to shopping online to get a better deal.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Brits switch to shopping on the Web

Brits switch to shopping on the Web

17 September 2004  |  4158 views  |  0 comments
Intelligent Finance signs five year contract with Attentiv Systems

Intelligent Finance signs five year contract with Attentiv Systems

10 March 2004  |  5498 views  |  0 comments
Intelligent Finance hits break even

Intelligent Finance hits break even

25 February 2004  |  5555 views  |  0 comments
IF upgrades Computer Associates change management software

IF upgrades Computer Associates change management software

01 September 2003  |  3876 views  |  0 comments
Convenience spur to bank/customer relationship says IF research

Convenience spur to bank/customer relationship says IF research

04 June 2003  |  5482 views  |  0 comments
Growth in online loans but the branch remains key

Growth in online loans but the branch remains key

25 September 2002  |  3797 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit info.nice.comVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Metro Bank opens developer portalMetro Bank opens developer portal
9513 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8905 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7847 views comments | 1 tweets | 5 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
7786 views 19 comments | 14 tweets | 29 linkedin
Banks stand to reap $512 billion revenue boost from 'intelligent automation'Banks stand to reap $512 billion revenue b...
7660 views comments | 21 tweets | 30 linkedin

Featured job

Find your next job