M&S Bank launches limited period loan offer

M&S Bank is reducing the rate on its personal loans from 6.0 per cent to 5.8 per cent APR (representative). The limited period offer, available until 28th November, applies to new personal loans between £7,500 and £15,000 over 12 to 60 months.

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

Colin Kersley, M&S Bank Chief Executive, said: "We're conscious of the need to reduce the cost of borrowing for our customers, so we're constantly reviewing our rates to ensure we're offering the best deal we can, and are pleased to be able to offer our lowest ever rate this Autumn."

For more information or to apply for an M&S Personal Loan, visit marksandspencer.com/loans.