By June 11, 2013 Read More →

M&S Bank launches its lowest ever personal loan rates

With exclusive rates for existing customers

M&S Bank has launched its lowest ever loan rate today (Tuesday 28th May), with a rate of 5.00 per cent APR (representative) on loans between £7,500 and £15,000, available exclusively for existing M&S current account, credit card and loan customers.

M&S Bank has also introduced market-leading mid-value and high-value loan rates, with exclusive customer rates of 6.9 per cent APR for loans between £5,000 and £7.499 and 7.2 per cent APR on loans between £15,001 and £25,000.

Colin Kersley, M&S Bank Chief Executive, said: “We’re conscious of the need to reduce the cost of borrowing, so we’re constantly reviewing our rates to ensure we’re offering the best rates we can, and we’ve managed to push these rates even lower for our existing customers.”

M&S Bank offers personal loans from £1,000 to £25,000 over 12 to 60 months with the option of making no payments for the first three months, subject to lending criteria.

Screen shot 2013-06-11 at 17.36.29

About the Author:

Our in house editor who has many years financial services experience, and writes most of the journal entries you read on this site.

Comments are closed.