We all need a helping hand once in a while, and M&S Personal loan can be that for you in times of financial want. And it doesn’t even have to be in times of trouble, it could be when you’re taking on an expense like a wedding that you just can’t afford on your own.

One of the best and easiest banks where you can apply for a loan today is M&S bank. Especially if you’re looking to take up a personal loan, it provides some good options for a variety of lenders. And you can online through the bank’s online portal.

You can learn more about how you can apply for a loan with this bank and how you can do it online by reading on. Information on the various benefits that you can get when you apply for this particular loan are also up next.

Benefits Of An M&S Bank Personal Loan

Banks aren’t known for their generosity, so getting a loan that gives you benefits is a great advantage. One of the advantages you get is that there are no fees charged on the loan. 

That means that what you apply for is exactly what you get when the loan is disbursed to your account. The other benefits and features of an M&S Bank Personal loan follow.

Repayment Term

There are two types of repayment plans that you can get when you take a loan with this bank. They are decided by the amount you take from the bank. The shortest term, however, is 12 months and that’s considering what you agree with the bank.

The longest term, on the other hand, is around 84 months. Ensure you agree to the best possible payment term for your own needs.

Fixed Monthly Repayments

The other interesting aspect of taking a personal loan with M&S bank is that you have a fixed monthly payment plan. That enables you to prepare adequately on how much you’ll be required to pay.

Online Loan Eligibility Checker

At times, applying for a loan is hard because you don’t know if you’re eligible or not. With this bank, however, you can easily find out if you are by checking the online eligibility checker. You will get all the information from the last point there.

The Loan Eligibility Checker offers you a chance to have a look at one of the best-personalized loan quote tools. Your loan will be personal to your specific needs to the last letter.

Interest Rate

Another thing that you definitely want to know more about when it comes to a loan is the interest rate that is charged. With M&S Bank, you get an APR of around 2.9% for your loan that being the lowest. And, it all depends on your credit score in the end.

Eligibility & How To Apply

When it comes to eligibility, you can use the eligibility checker on the bank’s website. But there are some basics that you definitely need to know about before you can apply. First of all, you have to be at least 18 years old before you can apply for a loan.

You have to be employed or self-employed for you to get a loan with this bank. And, you must have an annual income of at least £10,000. The loan is only available for U.K residents and citizens.

To apply, you can start the whole process online today by visiting the M&S Bank website and clicking on the personal loans menu. You then have to click the ‘apply’ button on the next page and fill the form that you’re required to. Alternatively, you can jump straight to the form by simply using this link.

Applicants that do not meet credit score requirements might still get approved for a loan. The catch is that the APR charged will be much higher than what is listed on their site for the average applicant. The term of the loan also plays a huge role in determining your interest as much as your credit score.

Interest Rates and Fees

The M&S Bank Personal Loan has lots of varying rates and fees. It has a variable APR that ranges from 6.9% – 19.9% depending on your loan. Loans can range from £1,000 – £25,000.  There are fixed monthly payments that vary depending on loan amount.

Banks Contact Info & Address

You can reach out to the bank through their helpline at 020 7935 4422.

The bank’s head address is Waterside House, 35 North Wharf Road, London, W2 1NW.


With great interest rates and flexible repayment terms, you have a bank that cares about your financial well-being. The above information should help you decide whether or not this loan is right for you.

Note: There are risks involved when applying for and using credit cards. Consult the bank’s terms and conditions page for more information.