Personal loans

How much do you want to borrow?



Over how many months?



Existing customerFootnote 1

Customers who do not meet our normal criteria may be offered a different APR to our standard rates. The amount and term you request will also impact the rate offered.

View more information on our loans rates and tiers

Representative example

Borrowing over months:

  • Monthly repayment
  • Total amount payable 
  • Representative 
  • Interest rate of  (fixed)

Benefits of an M&S Personal Loan

  • Borrow between £1,000 and £25,000
  • Repay your loan over a period of 12 to 84 months
  • No arrangement or set-up fees

Credit subject to status to UK residents only. To apply you must have an annual income of at least £10,000 and be aged 18 or over. The loan amount and term you request will also impact the rate offered.

Other features of a loan

Fixed monthly repayments

A personal loan from M&S Bank offers fixed monthly repayments, over a fixed period of time, making it easier for you to manage your money.

Loan eligibility checker

Before you apply you can check to see the lending terms you might receive on your unsecured loan, without affecting your credit rating, by using our personalised loan quote toolabout a personalised loan quote tool.

To apply for an M&S Loan, you must have an annual income of at least £10,000, be a UK resident 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.

A personalised loan quote is a quotation search of your credit file at a credit reference agency and this search does not affect your credit rating.

Ready to apply for a loan?

Applyfor the M&S Credit Card Shopping Plus offer

FAQs

What other borrowing options are there?

Visit our ways to borrow page to understand more about the types of borrowing available at M&S Bank before deciding what is best for you.

How can I view the remaining balance on my M&S Loan?

If you call us on 0800 363 400 we'll be happy to provide you with your remaining loan balance details.

I have an existing M&S Loan can I take out a second M&S Loan?

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.

Where can I find my loan settlement figure?

To find out your M&S Loan settlement figure you'll need to call us on 0800 363 400.

Can I make overpayments?

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.

Why get a personal loan?

A personal loan can be a good way to pay for home improvements, buy a new car or consolidate debts.

Learn more about the different reasons to get a personal loan.

How much can I borrow with a personal loan?

With an M&S Personal Loan you could borrow between £1,000 and £25,000.

What is the repayment term for a personal loan, and how do I make payments?

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.

Can I use a personal loan to consolidate my debts?

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.

Will my credit score affect my ability to get a personal loan?

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.

Understanding credit scoring(PDF document)(opens in a new window)

You may require Adobe PDF reader to view these documents(opens in a new window).

Learn more

Why you might need a personal loan?

A personal loan can be a good way to pay for home improvements or buy a new car.

What is a personal loan?

Learn more about a way of borrowing money to fund a big purchase.

How to apply for a personal loan

We explain how to apply for a personal loan, so you know exactly what to expect.

Personal loan checklist

If you are thinking about applying for a loan, check out our loans checklist. Learn what you need to consider.

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