Personal loan rates table

Whether you’re looking for a £5,000 loan, a £10,000 loan or a £25,000 loan, one of the most important things you’ll need to consider is the potential interest rate you could pay over the duration of the loan period. Loan interest rates can vary depending on the amount you borrow and the loan term can also impact the loan rate you may be offered.

The table below outlines the illustrative APR and maximum APR you could pay if you apply and are accepted for an M&S Personal Loan:

Existing M&S Bank customers*

Loan amount Term (months) Illustrative APR Maximum APR
£1,000 - £2,999 12 - 84 18.5% 18.5%
£3,000 - £4,999 12 - 84 12.5% 18.5%
£5,000 - £7,499 12 - 84 3.6% 9.6%
£7,500 - £20,000 12 - 36 2.8% 8.8%
£7,500 - £20,000 37 - 84 2.9% 8.9%
£20,001 - £25,000 12 - 60 6.7% 12.7%

New customers

Loan amount Term (months) Illustrative APR Maximum APR
£1,000 - £2,999 12 - 84 18.6% 18.6%
£3,000 - £4,999 12 - 84 12.6% 18.6%
£5,000 - £7,499 12 - 84 3.6% 9.6%
£7,500 - £20,000 12 - 36 2.8% 8.8%
£7,500 - £20,000 37 - 84 2.9% 8.9%
£20,001 - £25,000 12 - 60 6.8% 12.8%

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.

*Existing loan, current account or cardholder (where you’re the main cardholder) with M&S Bank

Interested in taking out a personal loan?


Use our personal loan calculator to see how much your repayments are likely to be on the amount you would like to borrow.