Loans as tailored as our workwear

From wedding bells to home refurbs. Choose a loan amount and term to suit your future plans. Borrow from £1000 to £30,000 over up to 84 months.

Apply Apply for an M&S Personal Loan

Stop and think, stay ahead of investment scams

Scammers may pretend to be investment experts, promising quick, high profits. Please consider:

Are you being asked to take out a loan/loans?
Is someone helping you fill in applications and asking you to share your screen?
Did you see an advert on social media offering investment opportunities?
Are you being told to invest more and more?

If you have answered yes to any of the above, this is a scam, do not proceed with a loan application.

Estimate your Personal Loan

Use our handy tool to plan your loan.

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Apply Apply for an M&S Personal Loan

Check my eligibility Check my eligibility for an M&S Personal Loan

Our rates do not vary between loan purposes.

To provide your personalised loan quote, we’ll run a quotation search on your credit file. This won’t affect your credit score.

We may be able to offer you a better rate if you change the amount you want to borrow or the length of time you borrow for. A small change can make a big difference to how much interest you'll have to pay and the overall cost of the loan. We'll offer you a rate based on our assessment of your personal financial circumstances.

With the flexibility to overpay, you can reduce the overall interest you'll pay.

With fixed monthly payments and loan terms of up to 84 months, you can pay at a comfortable pace.

Check if you're eligible without affecting your credit score before you apply.

Who can take out an M&S Personal Loan?

To apply you must have an annual income of at least £10,000 and be aged 18 or over. Customers who do not meet our normal lending criteria may be offered a loan at a different APR. This will depend on your personal circumstances. The loan amount and term you request will also impact the rate offered. Credit subject to status to UK residents only.

Whether you have your sights set on your first car or need to upgrade for the family, a car loan could help you get the wheels you really want.

Do it your way with a wedding loan. Our extra-long payment plans help take the stress out of wedding planning meaning you can make the most of every moment.

Spread your wings and spread the cost of your getaway with a holiday loan.

Make your house a home and spread the cost in a way that works for you with a home improvement loan.

Apply Apply for an M&S Personal Loan

Check my eligibility Check my eligibility for an M&S Personal Loan

Already have an M&S Personal Loan?

Manage your existing loan

Frequently asked questions

If your M&S Personal Loan sort code and account number is 14 digits long (starting 40), you can register for the M&S Bank app to manage your account and see the remaining balance.

If you cannot register for the app, visit our contact us page for details on how to get in touch.

If you've already got an M&S Personal Loan and you want to increase the amount you borrow, you can apply for a second loan online. Please note, this means you'll be making two loan repayments each month. If you already have two M&S Personal Loans you'll need to call us on 0800 363 400 to discuss the possibility of increasing your borrowing further.

If you would prefer to top up an existing loan, so that you have just one monthly repayment, please call us on 0800 363 400.

Loan settlement

If your M&S Personal Loan sort code and account number is 14 digits long (starting 40), you can register for the M&S Bank app. Within the app you can request a settlement figure by selecting your personal loan, ‘Make a payment’, ‘Request settlement amount’.

If you cannot register for the app, visit our contact us page for details on how to get in touch.

Repaying your loan in full early

At the start of your loan, we will work out the amount of interest we can charge. Regulations set out the formula we need to use to work this out.

The formula allows us to charge daily interest from the date we gave you the loan up until 28 days after we receive your notice that you want to repay all of the loan early. It also allows us to charge an additional month of interest if your loan agreement said that your loan was repayable over a period of more than 12 months.

Usually, the amount of interest we can charge will be reduced as a result. In these cases, we’ll refund you the difference between the interest included in the total amount payable and this reduced amount of interest. We will refer to this refund as a ‘rebate’ in our communications with you.

Impacts of a past delayed repayment

Sometimes we might not reduce the amount of interest we can charge. This could happen where your loan lasts longer than we state in your loan agreement. For example, where you have selected a repayment date that is later than one month after we give you the loan, and as a result your first repayment is delayed, or you have been late making your monthly payments.

If this happens, your monthly repayments towards the start of the loan will pay off more of the interest amount compared to if your loan lasted as long as we state in your loan agreement. But we’ll never actually charge you more interest than is included in the total amount payable. So once you’ve paid the amount of interest included in the total amount payable, your remaining monthly repayments will just pay off the loan amount.

This is why we might not reduce the amount of interest we can charge. Because even though you’re repaying your loan early, the full amount of interest will have already been paid or become payable.

Representative APR indicates the Annual Percentage Rate of charge, which includes interest and any fees associated with a loan. You can use it to compare different credit and loan offers. Please note, there are no fees associated with this loan.

Interest rate per annum (fixed) indicated the amount you have to pay back on top of the amount you borrow, described as a percentage.

Repaying your loan in full early

At the start of your loan, we will work out the amount of interest we can charge. Regulations set out the formula we need to use to work this out.

Impacts of a past delayed repayment

If this happens, your monthly repayments towards the start of the loan will pay off more of the interest amount compared to if your loan lasted as long as we state in your loan agreement. But we’ll never actually charge you more interest than is included in the total amount payable. So, once you’ve paid the amount of interest included in the total amount payable, your remaining monthly repayments will just pay off the loan amount.

This is why we might not reduce the amount of interest we can charge. Because even though you’re repaying your loan early, the full amount of interest will have already been paid or become payable.

You can make overpayments which may reduce the amount of interest that you pay.

If you have an existing loan and wish to make additional payments you'll need to call us on 0800 363 400.

With an M&S Personal Loan you can repay your loan with fixed monthly repayments over a period of 12 to 84 months. You can learn more about how to make payments and securely manage your loan by visiting our manage your loan page.

A personal loan from M&S Bank could help you manage your debts by keeping your total outstanding balance in one manageable place. This type of loan is known as a debt consolidation loan.

Learn more about debt consolidation loans.

As a responsible lender, we take into account your personal circumstances when establishing your suitability for the loan amount you have requested and the rate we're able to offer. To help us do this, applications may be assessed using a process called credit scoring. You can learn more about credit scoring by reading our useful guide.