What are the benefits of an M&S loan?
You can get an impressive APR of 3.5% on loans between £5,000 and £15,000 and repay it over a period that suits you. Typically, the loans are spread between 12 and 84 months and you can get a fixed rate of interest. So your repayments won’t change even if the Bank of England base rate does.
If you already hold a Marks and Spencer current account, then you can get access to preferential rates and may get an even better deal on your M&S loan.
Of course there isn’t one single loan that works for everyone, so you should make sure you’ve done your research before you sign up. There are so many loans on the market with so many different terms and conditions, that you may well find an option you prefer if you run your details through our price comparison service.
Marks and Spencer has been a valuable addition to the ranks of British banking and its personal loans have made an impression on the public. That doesn’t mean it is right for you though, so do a proper comparison and we’ll give you a range of providers to compare policies. All you need to do is choose the policy that’s right for you. So get comparing and see how much you could save.
All Marks and Spencer loan details are based on information provided on bank.marksandspencer.com data on 15 April 2016