A Marks and Spencer loan includes such features as:
Marks and Spencer loans offer a competitive deal, but the loans available to you will depend on your personal circumstances and how much you wish to borrow. But before you decide why not check the comparison tables below to see a range of possible options.
- Loans for £1,000 to £25,000
- Competitive APRs that depend on your personal circumstances
- Fixed rates for the term of the loan
- 3 month repayment holiday
- No hidden charges – no arrangement or set-up fees
To be eligible for a Marks and Spencer loan you must:
- Have an annual income of at least £10,000
- Be a UK Resident
- Be aged 18 years or over
If you are looking for a personal loan and feel that Marks and Spencer might be the answer, you can use the Marks and Spencer loan calculator to get an idea of what a loan from them might cost you. You just need to enter how much you would like to borrow and your desired length of repayment term. The Marks and Spencer loan calculator will then generate an estimate using their Representative APR. However if you should decide to proceed and apply for a Marks and Spencer Loan you may be given a different APR. This is because lenders can adjust what APR they would be happy to offer a borrower following an assessment of their specific financial circumstances.
Before you take out a loan
As loans can vary greatly, it is important to shop around before you apply to make sure it is the best choice for you. As well as shopping around you may want to look into alternatives to borrowing to see if they could better suit your needs, for example if you already have the required sums saved, then it may be better to use your savings than to borrow. This is because interest you earn from your savings may be less than the rate of interest that you would need to pay on your loan.
Before you decide, compare the Marks and Spencer loan with some of the other leading UK providers to make sure you find the best loan deal for you. You can do this by checking the loan deals above.