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