M&S Bank’s loan APR now market-leading | Product News | moneyfacts.co.uk

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M&S Bank’s loan APR now market-leading

M&S Bank’s loan APR now market-leading

Category: Loans
Date: 04/01/2018

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 It is now over 6 months old so the content may be out of date.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 decreased the APR on loans of between £7,500 and £15,000, which sees it become the lowest rate for this tier and climb to the top of the Best Buys. It earns our highest rating as a result.

The basics…

An Unsecured Personal Loan of £7,500 to £15,000 over a term of one to seven years now has a market-leading APR of 2.8%. No other tiers or terms have been changed.

The finer details…

Example monthly repayments: £7,500 over five years = £133.98.

Applications can be made in branch, online or over the phone. Borrowers must be at least 18 years old to apply, with a minimum income of £10,000 per year. They should remember that rates are representative and dependent on their credit rating.

Why we like it…

This market-leading personal loan easily manages to dominate the Best Buys, comfortably earning our highest rating in the process.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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