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.
Representative example
Borrowing over months:
- Monthly repayment £179.94
- Total amount payable £10,796.40
- Representative 3.1% APR
- Interest rate of 3.1% p.a. (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.
Features and benefits
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.
Instant help
You may also want to
What you need to know about buying an electric car
Thinking about building a garden office? Find out more
Find out more about personal loans for a car
Find out more about personal loans for home improvement
Find out more about personal loans for a wedding
Ready to apply?
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?
This may be possible. There are options to take a second loan or arrange a new loan which will repay your existing M&S Loan and provide you with the additional borrowing that you require. You would need to call us on 0800 363 400 to go through an application which involves a credit check and an assessment of your individual financial circumstances.
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.
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.
Ways to add value to your home
Looking to sell your home? What are the best ways to add value to your property.
What is debt consolidation?
Struggling to manage multiple debts? Learn about debt consolidation loans.
Building a garden office
Thinking about building a garden office? Look at our ten essentials.
Buying an electric car?
Thinking about buying an electric car? What are the practical and performance considerations?
Buying a new or used car?
Thinking about investing in a car? Our guide is here to support you with the pros and cons.
Saving for a dream holiday?
Learn how a holiday loan could help you spread the cost of your travels.
Planning your perfect wedding?
It doesn’t have to cost the world. Use our top wedding financing tips to help you save for your special day.
Guide to loft conversions
Thinking about a loft conversion project? How much does it cost? Will it add value? Learn more.
Guide to running an electric car
Here’s everything you need to know about keeping an electric car on the road.
How a personal loan can help you pay for your wedding
Learn moreabout planning the perfect wedding
How to use a personal loan to buy a car
Learn more about loans for cars
How you can fund your home improvements with a personal loan
Learn more about loans for home improvement