We all have that frequent glint in our eye that says we’re ready to spend. Ready for that luxury furniture set, that Caribbean cruise, or your Bentley remodelled. Well, you can match that desire with ready funds from Marks & Spencer Personal Loans.
There’s even no need to calculate the monthly repayment yourself! Let the Marks & Spencer personal loan calculator below do all the hard maths.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
About Marks & Spencer Personal Loans
Just when you thought M&S had it all, from scarves to biscuits and even beds! Now, M&S Bank offers the solution to all your personal finance needs. Here’s what you need to know about Marks & Spencer Personal Loans:
Limit between £1,000 to £25,000
- Limit between £1,000 to £25,000
- Term between 1 and 7 years (for loans £20,000 to £25,000, 5 years max only)
- APR from 2.8% (lowest) to 21.9% (highest)
- No arrangement or set-up fees (more savings for you!)
- Loan quote that does not affect your credit standing
- Application process in as fast as 9 minutes (flex those fingers!)
- Fund transfer within 3 to 5 working days
- Option for early repayment of the loan in part or in full
M&S Bank also offers top-up loans if you have an existing M&S loan. Either get a second new loan, or combine the old and new loans into one.
You may be able to decide better about your loan by visiting M&S Bank’s website.
Just A Few Notes
If you have an existing M&S loan or card, you get lower APR’s by 1%. This only usually applies to loans between £1,000 to £7,500, and between £20,000 to £25,000. You’ll have to admit: that’s a sweet deal!
As for early full loan settlements, M&S Bank charges up to 2 months of interest.
The Application Process
Before anything else, you must check first if you qualify for the loan. Marks & Spencer will grant Personal Loans to applicants who are:
- At least 18 years of age
- Residents of the UK
- Earn yearly income or pensions of £10,000 or more before tax
If you clear all these, you can head over to M&S Bank’s website and apply. Ready your email address, your bank account number, and details and documents related to your:
- Source/s of income
- Monthly expenses
- Present residential address
M&S Bank will carry out a full credit search on you after you apply.
Marks and Spencer personal loan calculator
EST Monthly Repayment
12 months
to 36 months
EST Monthly Repayment
£15,001
to £20,000
Repay your loan over a period of 12 to 84 months on loans between £1,000 and £20,000, or over a period of 12 to 60 months on loans between £20,001 and £25,000
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
