‘Outstanding’ loan from M&S Bank | Product News - Moneyfacts

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‘Outstanding’ loan from M&S Bank

‘Outstanding’ loan from M&S Bank

Category: Loans
Date: 17/04/2015

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 It is now over 6 months old so the content may be out of date.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 borrowing £7,500 to £15,000 by 0.2%, which has enabled it to reclaim its crown at the top of the Moneyfacts charts.

The basics…

An unsecured loan of £7,500 to £15,000 over one to seven years now has a market-leading APR of 3.6% for both existing and new customers.

The finer details…

Example monthly repayments: £7,500 over five years = £136.57.

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

Borrowers should remember that all rates depend upon their credit rating, loan amount and the term chosen.

Why we like it…

This latest rate reduction to loans of £7,500 to £15,000 has pushed this deal firmly back to the top of the charts. As a result, this loan is likely to appeal to those on the hunt for competitive mid-tier borrowing. 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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