 TITLE: Survey: Consumers Want Personal Loans for Large Purchases and Debt Consolidation CONTENT: Majority of Consumers Reported Getting Personal Loans From Conventional Banks\n-----------------------------------------------------------------------------\nOf the 369 respondents who reported taking a personal loan in the past, 67% of them said they received the loan from a conventional bank. Another 18% reported using an online-only lender to take the personal loan.\nWhen split out by age, the majority of respondents who reported using a web-based lender were 44 years old or younger. A larger portion—25%—of survey participants between ages 18 and 44 reported using an online-only lender, compared with only 14% of those 45 and older.\nJust under 6% of respondents reported getting their personal loan through a credit union, citing having an existing account and getting lower rates than they would have with a conventional lender as their main reasons for doing so. END