Petition Legislate to limit interest rates for personal loans

Both before and during the pandemic, Personal Loans companies are taking advantage of the desperation of people. We urge the government to take action and make illegal for personal loan companies to charge interest rate beyond a fixed legal cap.

More details

I am victim of a high-interest personal loan lender. I took a loan when I was financially struggling and didn’t really understood the interest rate. People taken advantage by these lenders can end up repaying many times the amount they borrow, and can find themselves unable to repay the loan at all.

This petition is closed This petition ran for 6 months

10 signatures

Show on a map

10,000

Date closed 26 September 2021
Get petition data (json format)

About petition data

The data shows the number of people who have signed the petition by country as well as in the constituency of each Member of Parliament. This data is available for all petitions on the site. It is not a list of people who have signed the petition. The only name that is shared on the site is that of the petition creator.