Personal Loans From Marks and Spencer
The financial services arm of Marks and Spencer is offering a personal loan at a low rate of 8.9% typical APR, fixed for the term of your loan, with optional payment protection insurance for peace of mind that your repayments are covered in case you're unable to work through illness, accident, or being made unemployed.
You can borrow up to £20,000 and spread your repayments over up to 7, and if you wish you can even choose to delay your repayments by taking advantage of an initial 3 months payment holiday.
M&S have a flexible approval process, meaning that applicants who don't fit their normal approval profile for whatever reason still have a chance of being offered a loan at a different rate.
Finally, you should get a decision on your application within 48 hours, and the cash should be in your account within 3 business days of you returning the signed loan documents.
M&S Personal Loan Summary
| Product / Lender: | Marks and Spencer Loans |
| Typical APR: | 8.9% |
| Minimum Loan Size: | £1,000 |
| Maximum Loan Amount: | £20,000 |
| Minimum Term: | 1 years |
| Maximum Term: | 7 years |
| Deferrment Period: | 3 months |
| Comments: | Put your plans into action with a low rate personal loan |
