Marketplace Lending | What's The User Perspective?

Deloitte's report "Marketplace lending – a temporary phenomenon?" explores whether marketplace lenders (MPLs) represent a truly disruptive threat to the UK banking industry. As part of our research, we commissioned YouGov to carry out a survey of individuals and small and medium-sized enterprises (SMEs) to find out more about the awareness, usage and growth potential of marketplace lending in the UK.^I

Where does the money go?

We asked both individuals and SMEs in the UK who had borrowed from an MPL what they intended to use the funds for. Consumers predominantly use MPL loans to buy cars and to pay down other, more expensive loans. SMEs mostly use their loans for capital expenditure, particularly project finance.