Consumer credit estimates for London, built from published national totals and population figures.
£11bn
Credit card balances
An estimated £11 billion of credit card lending to individuals was outstanding in London at the end of September 2026.
Source: Estimate from Bank of England consumer credit figures and ONS mid-2025 population estimates, Borrowing Data, September 2026
Estimate: £83,708 million of credit card lending to individuals was outstanding in the United Kingdom at the end of September 2026 (Bank of England, seasonally adjusted) apportioned by the share of residents aged 16 and over living in London: 7,494,593 of 57,153,485 in the United Kingdom (ONS mid-2025 population estimates).
£23.3bn
Other consumer credit balances
An estimated £23.3 billion of consumer credit lending to individuals other than through credit cards, excluding student loans, was outstanding in London at the end of September 2026.
Source: Estimate from Bank of England consumer credit figures and ONS mid-2025 population estimates, Borrowing Data, September 2026
Estimate: £177,492 million of consumer credit lending to individuals other than through credit cards, excluding student loans, was outstanding in the United Kingdom at the end of September 2026 (Bank of England, seasonally adjusted) apportioned by the share of residents aged 16 and over living in London: 7,494,593 of 57,153,485 in the United Kingdom (ONS mid-2025 population estimates).
£3,630m
Credit card gross lending
An estimated £3,630 million of gross credit card lending to individuals was made in London in September 2026.
Source: Estimate from Bank of England consumer credit figures and ONS mid-2025 population estimates, Borrowing Data, September 2026
Estimate: £27,679 million of gross credit card lending to individuals was made in the United Kingdom in September 2026 (Bank of England, seasonally adjusted) apportioned by the share of residents aged 16 and over living in London: 7,494,593 of 57,153,485 in the United Kingdom (ONS mid-2025 population estimates).
£1,260m
Other credit gross lending
An estimated £1,260 million of gross consumer credit lending to individuals other than through credit cards, excluding student loans, was made in London in September 2026.
Source: Estimate from Bank of England consumer credit figures and ONS mid-2025 population estimates, Borrowing Data, September 2026
Estimate: £9,620 million of gross consumer credit lending to individuals other than through credit cards, excluding student loans, was made in the United Kingdom in September 2026 (Bank of England, seasonally adjusted) apportioned by the share of residents aged 16 and over living in London: 7,494,593 of 57,153,485 in the United Kingdom (ONS mid-2025 population estimates).
£87.6m
Credit card net lending
An estimated £87.6 million of net credit card lending to individuals was made in London in September 2026.
Source: Estimate from Bank of England consumer credit figures and ONS mid-2025 population estimates, Borrowing Data, September 2026
Estimate: £668 million of net credit card lending to individuals was made in the United Kingdom in September 2026 (Bank of England, seasonally adjusted) apportioned by the share of residents aged 16 and over living in London: 7,494,593 of 57,153,485 in the United Kingdom (ONS mid-2025 population estimates).
£163m
Other credit net lending
An estimated £163 million of net consumer credit lending to individuals other than through credit cards, excluding student loans, was made in London in September 2026.
Source: Estimate from Bank of England consumer credit figures and ONS mid-2025 population estimates, Borrowing Data, September 2026
Estimate: £1,245 million of net consumer credit lending to individuals other than through credit cards, excluding student loans, was made in the United Kingdom in September 2026 (Bank of England, seasonally adjusted) apportioned by the share of residents aged 16 and over living in London: 7,494,593 of 57,153,485 in the United Kingdom (ONS mid-2025 population estimates).
£49.3m
Credit card write-offs
An estimated £49.3 million of credit card lending to individuals was written off in London in the second quarter of 2026.
Source: Estimate from Bank of England consumer credit figures and ONS mid-2025 population estimates, Borrowing Data, Q2 2026
Estimate: £376 million of credit card lending to individuals was written off in the United Kingdom in the second quarter of 2026 (Bank of England, not seasonally adjusted) apportioned by the share of residents aged 16 and over living in London: 7,494,593 of 57,153,485 in the United Kingdom (ONS mid-2025 population estimates).
7,494,593
Residents aged 16 and over
The estimated population aged 16 and over in London was 7,494,593 at mid-2025.
Source: Population estimates - local authority based by single year of age (Nomis NM_2002_1), mid-year estimates, Office for National Statistics, 30 June 2025
ONS mid-year population estimates as returned by the Nomis 'Aged 16+' category, rebased to Census 2021 and 2022 where applicable. Usual residents.