M&S personal loans
M&S loans are unsecured, meaning you do not need to provide an asset as security in order to apply.
» COMPARE: Personal loans
How much can I borrow?
Through M&S, you can borrow between £1,000 and £25,000. The exact amount you can borrow will depend on your financial situation.
The length of your M&S loan can be as little as 12 months, and as long as seven years.
What are the interest rates on an M&S loan?
For the lifetime of your M&S loan, your interest rate, as well as your monthly repayments, will be fixed.
What interest rate you are offered will depend on your financial circumstances, how much you want to borrow, and for how long.
Lenders advertise a representative APR (annual percentage rate) to customers before they apply. This is the rate offered to at least 51% of successful applicants.
APR can be a useful tool when comparing loans. However, it’s important to remember that representative APR is only a guide, and isn’t guaranteed for all applicants. 49% of customers could be offered a higher rate, based on their specific circumstances.
Can I get a joint loan from Marks & Spencer?
At present, you cannot apply for a joint loan from M&S.
A joint loan allows more than one person to sign onto, and therefore become liable, for a loan.
Joint loans can include personal loans, as well as mortgages and overdraft facilities on joint bank accounts.
Can I get a secured loan from Marks & Spencer?
Currently M&S does not offer secured loans.
Secured loans require you to put up an asset of value, such as your home, as collateral when applying for the loan. An unsecured loan does not require this sort of security.
» COMPARE: Secured loans