M&S Money 10% cashback reward offer extended

M&S Money's 10% cashback reward offer to customers who take out a personal loan is being extended until 7th September 2009.

The offer, which was originally due to end on 11th August, is available on all personal loans taken out over 36 months or more, giving customers a refund of 10% of the interest they have paid once their final repayment has been made.

When the cashback reward is taken into account, the typical rate of 8.7% APR on a £10,000 loan over a 36 month period is equivalent to a rate 7.9% p.a.

The offer is also available with the M&S Car Buying Plan, meaning the offer will help customers considering buying a new vehicle in September.

The plan allows customers to defer a fixed percentage of their loan, giving them the following options at the end of the term:

Keep the car and carry on making monthly payments until the whole of the loan is repaid
Keep the car and pay off the remainder of the loan with a lump sum
Sell the car and use the money to pay off the remainder of the loan

To apply for an M&S personal loan or car buying plan, visit marksandspencer.com/loans