M&S Bank: Personal Loan

Provider:
M&S Bank
Account:Personal Loan
Representative example:The representative APR is 3.00% so if you borrow £10,000 over 60 months at a rate of 3.00% p.a. (fixed) you will repay £180 per month and £10,781 in total.
Loan details
Rate tiers

£1,000 - £2,999 - 18.6%

£2,999 - £4,999 - 12.6%

£4,999 - £7,499 - 3.6%

£7,499 - £15,000 - 3%

£15,000 - £25,000 - 6.8%

Risk based pricing
Minimum / Maximum term 12 months to 84 months
Minimum / Maximum advance £1,000 to £25,000
Applicant information
Minimum age 18 years
Minimum income £10,000
Existing customers only no
Geographical restrictions no
Applying for the loan
Arrangement fee charged no
Application options Internet Loan
Online decision
Postal Loan
Branch Loan
Telephone Loan
Application features Joint application allowed
Debt consolidation allowed
Managing the loan
Early redemption charge 1 month
Deferred start Optional deferred start.
Flexible rescheduling yes