M&S Bank personal loan reigns supreme - Loans - News - Moneyfacts


M&S Bank personal loan reigns supreme

M&S Bank personal loan reigns supreme

Category: Loans

Updated: 09/11/2012
First Published: 09/11/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

M&S Bank has reduced the rate on its Personal Loan by 0.3%, securing its place at the top of the 'mid-tier' lending market.

The basics…

This loan offers a rate of 5.5% APR to customers borrowing between £7,500 and £15,000.

The finer details….

The rate offered for this loan is representative and dependent on credit rating and the amount and term of the loan. This loan can be operated by telephone or online.

Customers borrowing £7,500 over a five-year period can expect monthly repayments of £142.79.

Why we like it…

This loan offers a very competitive rate for customers seeking a medium-sized loan over five years. Four out of five Moneyfacts stars have been awarded.

What Next?

Find the best loan for you - Loans Calculator

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Get a record low rate loan - if you qualify

Competition in the personal loans market is as hot as ever, so much so that one loan provider has slashed rates to the lowest on record – but only to those who fit the bill. The shopping bill, that is…

Competition returns to loans, but stalls in cards

Our recent figures reveal a mixed picture in terms of unsecured lending, as while competition appears to have returned to the loans market, it’s notably slowed in the credit card sector.

How to improve your credit score

Are you thinking about applying for credit? If so, you need to make sure your credit score is in order.