M&S Bank offers competitive personal loan rate

M&S Bank has reduced the rate on its personal loans from 5.8 per cent APR (representative)  to 5.5 per cent APR (representative), its lowest ever rate. The offer applies to new personal loans between £7,500 and £15,000 over 12 to 60 months.

Colin Kersley, CEO of M&S Bank, 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 personal loan rate this Winter.

£100,000 in Prizes in M&S Credit Card Christmas Prize Draw

From today until 3rd January 2013, M&S Credit Card customers will be entered into a prize draw to win one of 100 prizes of £1,000 every time they make a purchase using their M&S Credit Card.

New customers taking out the M&S Credit Card during this period will also receive an additional 10 entries, on being accepted. And can enjoy 15 months' shopping with no interest to pay (15.9 % APR representative variable).

M&S Credit Card customers earn one point for every £1 spent in M&S and this triples to three points for every £1 spent in M&S, for Premium Club and Premium Current Account customers. All credit cardholders also earn one point for every £2 spent elsewhere.

Colin Kersley continued: "With Christmas shopping now underway for many, we are adding to the excitement with our prize draw, so every purchase made with an M&S Credit Card will also mean the chance of winning £1,000."

To apply for an M&S Personal Loan or credit card call free go online at marksandspencer.com/bank.