£5k-7.5k 'outstanding’ loan from M&S Bank | Product News - Moneyfacts

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£5k-7.5k 'outstanding’ loan from M&S Bank

£5k-7.5k 'outstanding’ loan from M&S Bank

Category: Loans
Date: 03/06/2015

MONEYFACTS ARCHIVE
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 It is now over 6 months old so the content may be out of date.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 cost of a £5,000 to £7,499 personal loan, catapulting it to the very top of the Moneyfacts charts.

The basics…

A loan of £5,000 to £7,499 over a term of one to seven years now has an APR of 4.5%, giving it a market-leading position in its sector.

The finer details…

Example monthly repayments: £5,000 over three years = £148.53.

Applicants must be at least 18 years old and have a minimum income of £10,000 per annum. Applications can be made in branch, by phone or online.

Borrowers should remember that rates are dependent on the size of the loan, the length of term chosen and their credit history.

Why we like it…

The rate reduction to the £5,000 to £7,499 loan tier has sent this offer straight to the top of the charts. This market-leading rate is therefore likely to be a cost-effective option for those looking to consolidate their debts. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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