Brits use loans to fund romantic gifts
(13 February 2006)

Brits will take out 2.46 million personal loans for romantic reasons this year, according to new research – with almost a million happy to lumber themselves with a potentially painful long-term debt in order to buy their partner a specific gift.

While a short-term loan would seem a better option, Sainsbury's Bank shows these figures to be true, and says that we're happy to take out an average of £2,845 at a time to please that special someone – although this takes loans for planning a wedding into account.

The bank's Stephen Baillie noted: "Unfortunately romantic gestures and occasions…can come with a sizeable price tag."

While this is true, you don't want to find yourself paying for a Valentine's gift for your partner for months to come. With that in mind, there's still time to take out a payday loan of between £80 and £1,000 in order to help fund the best gift for your paramour.

Using this service, you'll pay back the entire sum borrowed – plus no more than £25 for every £100 taken out – next time you receive your paycheque, meaning that you've delighted your loved one and not scarred your bank account in the process!



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