M&S Money improves loan offering - Loans - News - Moneyfacts


M&S Money improves loan offering

M&S Money improves loan offering

Category: Loans

Updated: 14/12/2012
First Published: 02/03/2011

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 It is now over 6 months old so the content may be out of date.

Marks & Spencer Money has improved its rate. for personal loans across the popular £7,500 to £15,000 tier.

Loans of £7.5K to £15K will now be charged a typical APR of 6.9%, which is a reduction of 0.6%.

By reducing the rate across the £7,500 to £15,000 tier, M&S now offers the lowest rate available for these amounts.

Consumers do need to be over 30 or a homeowner to qualify for the product and must remember the rates quoted will be dependent on their credit rating.

Applicants have the option to defer payments for three months if necessary and the loan term can be as long as seven years.

A full quota of five out of five Moneyfacts stars has been awarded.

Find the best loan for you - compare loans

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 Any products featured may be withdrawn by their provider or changed at any time.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.