M&S Bank has reduced its rates on loans from £5,000 to £7,499 over 12 to 84 months to 3.6%.
The new lower rates are available to both new and existing customers.
All M&S Bank loan rates:
|Loan amount||Existing customers||New customers|
|Loan amount||Term (months)||APR||Monthly repayment||Total repayment|
M&S Bank offers personal loans from £1,000 to £25,000 and customer have the option of taking a payment holiday for the first three months, subject to lending criteria.
The bank – which is operates as a joint venture between HSBC and Marks & Spencer – offers a broad range of financial products.
These include current accounts, the M&S credit card and a range of loans as well as general insurance products.
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