Monday afternoons are the most popular time to apply for a loan online.

A study by Halifax unsecured personal loans reveals that almost three times as many people apply for an unsecured personal loan on a Monday than either a Saturday or Sunday.

Weekdays prove far more popular than weekends for applications, with the number per day gradually reducing through the week, with Sunday proving the least popular day to apply.

The research also revealed that borrowers are most likely to apply online between 1pm and 2pm.

Lunchtime onwards is the favoured time to log on, with the number of applications only beginning to fall significantly after 6pm.

When it comes to getting a loan online, men are more likely to apply over the internet than women, with 13% more men choosing

According to Mintel, more than a quarter of UK adults have at least one financial account registered or held online.

This equates to around 14 million people. Around two-thirds of these internet users, 65%, say they are more likely to compare prices online than they would otherwise do.

Just over half, 53%, of all Internet users say that the ability to access information 24/7 is a major benefit.

Neil Chandler, head of Halifax unsecured personal loans, says: "Our results show that although weekday afternoons are the time most of us look to apply, an increasing number of people choose to make use of our 24-hour online service – often sorting out their finances into the small hours of the morning."

"For many, this may be because of shift patterns or the availability of internet access. With an online application typically taking less than 10 minutes to complete, many customers prefer managing their finances online."

Source :- google.news.com