Press Release

7 January 2015


  • New rates available to both new and existing customers, for a limited time

From tomorrow (Thursday 8th January 2015), M&S Bank launches its lowest ever personal loan rates of 3.6 per cent APR (representative) on loans between £7,500 and £15,000, and 4.9 per cent APR on loans between £5,000 and £7,499.

The limited period offer will be available to both new and existing customers* until February 17th 2015.

Paul Stokes, Head of Products at M&S Bank, commented: “As we head into the New Year, many of our customers will be taking the time to review their finances, so we’re delighted to be able to start the year by offering our lowest ever loan rates.

“Customers taking out a loan of £7,500 over five years will now save over £200**, compared to the same time last year.”

M&S Bank offers personal loans from £1,000 to £25,000 over 12 to 60 months and customers have the option of taking a payment holiday for the first three months, subject to lending criteria.

All M&S Bank loan rates:

Loan amountExisting customersNew customers
£1,000 - £2,99918.5%18.6%
£3,000 - £4,99912.5%12.6%
£5,000 - £7,4994.9%4.9%
£7,500 - £15,0003.6%3.6%
£15,001 - £25,0006.7%6.8%

Repayment examples:

Loan amountTerm (months)APRMonthly Repayment (£)Total Repayment (£)


*To apply for an M&S Personal Loan you must be a UK resident aged 18 or over and have an annual income before tax of at least £10,000. Applicants who do not meet our normal criteria may be offered a loan at a different APR to our standard rate

**Existing customers taking out a loan of £7,500 at a rate of 3.6% APR over 60 months would save £215.40 compared to the same time last year (4.7% APR)

For further information please call the M&S Bank press office:

Louise Wheble on 01244 686 177 /
Nikki Backler on 01244 686 856 /

About M&S Bank

M&S Bank (the trading name of Marks & Spencer Financial Services plc) was founded in 1985 as the financial services division of Marks and Spencer plc. In November 2004, HSBC bought 100 per cent of the share capital of Marks and Spencer Retail Financial Services Holdings Limited.

Today, M&S Bank operates as a joint venture arrangement between HSBC and Marks & Spencer, however, M&S Bank retains its own board.

M&S Bank offers a broad range of financial products, including current accounts, the M&S Credit Card, and a range of loans, savings and general insurance products, while its travel money offering boasts the widest range of currencies available on the high street. M&S Bank has 29 branches and over 120 bureaux de change located in M&S stores across the UK.

HSBC Bank plc

HSBC serves 16.1 million customers in the UK and employs approximately 43,500 people. In the UK, HSBC offers a complete range of personal, premier and private banking services including bank accounts and mortgages. It also provides commercial banking for small to medium businesses and corporate and institutional banking services. HSBC Bank plc is a wholly owned subsidiary of HSBC Holdings plc.

The HSBC Group

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,200 offices in 74 countries and territories in Asia, Europe, North and Latin America, and the Middle East and North Africa. With assets of US$2,754bn at 30 June 2014, the HSBC is one of the world’s largest banking and financial services organisations.

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