M&S Bank: Personal Loan

Provider:
M&S Bank
Account:Personal Loan
Representative example:The representative APR is 4.20% so if you borrow £15,000 over 60 months at a rate of 4.20% p.a. (fixed) you will repay £278 per month and £16,656 in total.
Loan details
Rate tiers

£1,000 - £2,999 - 18.6%

£2,999 - £4,999 - 12.6%

£4,999 - £7,499 - 5.6%

£7,499 - £15,000 - 4.2%

£15,000 - £25,000 - 6.8%

Risk based pricing
Minimum / Maximum term 12 months to 84 months
Minimum / Maximum advance £1,000 to £25,000
Applicant information
Minimum age 30 years
Minimum income £0
Existing customers only

no

Geographical restrictions

no

Applying for the loan
Arrangement fee charged no
Application options Internet Loan
Online decision
Postal Loan
Branch Loan
Telephone Loan
Application features Direct debit required
Joint application allowed
Debt consolidation allowed
Express delivery details

yes

Managing the loan
Early redemption charge

1 month

Deferred start

Optional deferred start.

Flexible rescheduling

yes