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M&S Bank launches its lowest ever mid-tier loan rate

3rd June 2015 Print

M&S Bank launches its lowest ever mid-tier loan rate of 4.5 per cent APR (representative) on loans between £5,000 and £7,499, available to both new and existing customers.

Paul Stokes, Head of Products at M&S Bank, commented: “Understanding the need to reduce the cost of borrowing for our customers, we continually review our loan products to ensure we’re offering the best rates we possibly can. That’s why I’m pleased to announce that we are now offering our lowest ever rate on our mid-tier loans.”

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