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M&S Bank reduces loan rate

M&S Bank reduces loan rate

Category: Loans

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 It is now over 6 months old so the content may be out of date.

Following its re-branding, M&S Bank has reduced its loan rates for medium sized borrowing by 0.2%.

The basics…

This loan offers a rate of 5.8% APR for borrowing between £7,500 and £15,000. Customers borrowing £7,500 over five years could expect to pay £143.78 per month.

The finer details….

The minimum borrowing term for the M&S Bank Personal Loan is twelve months. Customers must remember that the rate offered for this loan is representative and dependent on credit rating and the amount and term of the loan. This personal loan can be operated online or by telephone.

Why we like it...

This loan offers a competitive rate to those looking for a medium-sized loan over five years and has been awarded four out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.