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M&S Bank brings in the New Year with its lowest ever loan rates

7th January 2015 Print

M&S Bank is to launch its lowest ever personal loan rates of 3.6 per cent APR (representative) on loans between £7,500 and £15,000, and 4.9 per cent APR on loans between £5,000 and £7,499.

The limited period offer will be available to both new and existing customers until February 17th 2015.

Paul Stokes, Head of Products at M&S Bank, commented: “As we head into the New Year, many of our customers will be taking the time to review their finances, so we’re delighted to be able to start the year by offering our lowest ever loan rates.

“Customers taking out a loan of £7,500 over five years will now save over £200, compared to the same time last year.”

M&S Bank offers personal loans from £1,000 to £25,000 over 12 to 60 months and customers have the option of taking a payment holiday for the first three months, subject to lending criteria.