Apply onlinefor an M&S Personal Loan

You are about to apply for an M&S Personal Loan

By clicking 'Start my application' you agree that you have read all the information in the 'Before you apply' section below.

All information you provide will remain safe, secure and confidential.

Apply now for an M&S Personal Loan

Already have an M&S Personal Loan?

Click 'Apply now' to 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.

Before you apply

To apply for an M&S Personal Loan you must:

  • be 18 years old or over.
  • live in the UK.
  • have an annual income of at least £10,000. View eligible income.
  • be happy for us to undertake a credit register search and credit scoring.

A personal loan cannot be used for:

  • Funding or part funding a property*
  • Gambling
  • Business purposes
  • Investments; including share dealing and cryptocurrency

Important documents

M&S Personal Loans Terms and Conditions

Understanding credit scoring

The Standards of Lending Practice

M&S Bank Privacy Notice

You may require Adobe PDF reader to view these documents. Download Adobe Reader

LSB, standards of lending practice logo

What you'll be asked for

During your application process we will need:

  • Your income and employment details. View eligible income.
  • The account number and sort code of your bank or building society.
  • Details of your monthly outgoings.
  • An email address.
  • Current address details, plus your previous address if you've lived at your current address for less than 3 years.

Important information

Please read the following information:

Change in circumstances

As a responsible lender we work with you to ensure you can afford your borrowing over the whole Loan term.

If you can foresee changes in your circumstances that may increase your outgoings or reduce your disposable income then please contact our Customer Services team on 0800 363 400 to apply.

Changes to consider are:

  • Employment situation changes; imminent retirement, maternity, paternity or extended leave.
  • Reduction in working hours; fixed contracts end dates or zero hour contracts.
  • Increase in living costs; rent or mortgage repayments.

Debt consolidation considerations

If you are using any part of this loan to pay off or reduce existing loan(s)/debts (including combining these into a single loan), it is important to consider not just the interest rate and monthly repayments, but also the term of this loan compared to the remaining term of your existing loans/debts.

Spreading your payments over a longer term means you could end up paying more overall than under your existing arrangements, even if the interest rate on this new loan is less than the rates you are currently paying.

You should also consider if any early repayment charges apply and if this form of borrowing is appropriate for your circumstances.


Interest will be charged throughout the full loan term, including the optional deferred period.

Checking your details

When we check your details with a credit reference agency, a search/enquiry is registered to say that you've applied for credit today. As part of our checks, we link your name with individuals associated with you financially, and any previous names you've provided. The credit reference agencies will record details of your application which will form part of your credit history whether or not you proceed, and if you make several applications for credit within a short period of time, this may temporarily affect your ability to obtain credit.

We'll also check your details with a fraud prevention agency to prevent fraud and money laundering. If you've provided false or inaccurate information (and fraud is identified) we'll pass your details to fraud prevention agencies. If you want, we can explain how your information held by fraud prevention and credit reference agencies may be used.

Credit and interest rates

Credit is subject to status. 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.

Payment protection insurance

When borrowing with an M&S Personal Loan you should consider your ability to maintain the monthly repayments should your circumstances change.

M&S Bank does not currently sell payment protection insurance to protect you in the event of unemployment, sickness or accident. However, there are products in the market that will do this and insurers who sell this cover.

Customers who already have a policy with M&S can still claim - please call us on 0345 900 0900 or contact us online for a claim form.

You can find useful information on the Money Advice Service website including information about payment protection insurance.

Eligible income

Your gross annual income is the amount you receive before tax, national insurance and any other deductions. This includes self-employed income and any pensions.

If you receive income from a zero hours' contract, please include your average earnings for the last 12 months with the same employer.

Please include any benefit income when guaranteed for the duration of the lending. These include, but are not limited to:

  • Universal credit (not including job seekers allowance).
  • Working family tax credits & child tax credits.
  • Any maintenance or child support payments.
  • Benefits for those with a disability or caring for a dependent.
  • We may need to see evidence of these payments.

Once you submit your application

Once you've applied online, we'll email you the agreement to sign and return to us. We'll sign the agreement when we get it back from you and transfer the money to your account in 3-5 working days.

By clicking 'Apply now' you agree that you have read all the information in the 'Before you apply section' above.

Apply now for an M&S Personal Loan

If you are unable to complete your application online, we're here if you need extra support. Please call us on 0800 363 400.

Lines are open 8am-8pm Monday to Friday, 8am-7pm Saturday, 10am-6pm Sunday. Calls are recorded.

* This includes: the purchase of property or land (both in the UK & overseas) including holiday homes and apartments; purchasing a joint stake in a property or buying out a joint owner; mortgage deposit (regardless of lender or country); and/or gifting funds to third parties to support the purchase of a property, including mortgage deposit, stamp duty and solicitors' fees.