Skip to main content
Menu

M&S Bank

This well-known name in retail provides no fee current accounts, and insurance policies. M&S Bank also offers lending facilities via credit cards and personal loans.

Compare loans

Pound
£

Loans displayed have term lengths between 6 months and 7 years, and 3.3% APR.

Loading
APR Total repayable

The amount is based on monthly compounding and for comparison purposes only.

Monthly repayments

M&S Personal Loan - Cardholders Only

  • Fixed monthly repayments
  • Option to defer your repayments for 3 months
More info
3.3% APR Representative
£8,008.32
£166.84 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • annual income of at least £10,000
  • UK resident
  • aged 18 or over
  • Hold either a M&S Credit Card, M&S Chargecard or M&S Budgetcard

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 48 months at a fixed rate of 3.3% per annum would result in a representative rate of 3.3% APR, monthly repayments of £166.84 and a total amount repayable of £8,008.32.

M&S Personal Loan - New customers

  • Fixed monthly repayments
  • Option to defer your repayments for 3 months
More info
3.3% APR Representative
£8,008.32
£166.84 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • annual income of at least £10,000
  • UK resident
  • aged 18 or over

Additional criteria for acceptance from the lender may apply.

Assumed borrowing of £7,500 over 48 months at a fixed rate of 3.3% per annum would result in a representative rate of 3.3% APR, monthly repayments of £166.84 and a total amount repayable of £8,008.32.

Warning: Late repayments can cause you serious money problems. For more information see our debt help guides.

uSwitch Limited is a credit broker, not a lender, for consumer credit products. Our services are provided at no cost to you, but we may receive a commission from the companies we refer you to. For some loans a broker fee of up to 12.5% may be added to the cost of the loan.

About M&S Bank

M&S Bank is the banking arm of the leading food and clothing retailer Marks & Spencer. They aim to simplify banking, and offer an alternative to the traditional banking institutions found in the high street.

It’s what they call ‘new fashioned banking’, and is providing a wide range of financial products and services to customers across the United Kingdom. M&S don’t just offer facilities online through their internet banking portal, and via telephone, they also have dedicated bank branches inside their stores at 29 locations nationwide, including a branch in Lisburn, Northern Ireland.

Marks & Spencer is one of the most famous names in world retail, and it was first founded by Mr Marks and Mr Spencer in 1884, at a stall in Leeds market. The roots of the banking division are much more modern, but still go back further than you may think.

Its forebear, St Michael Financial Services Limited (later to become M&S Money) was created in 1985, to offer financial products to the shop’s customers. At its inception it had a store card available, and in 1989 it started to offer personal loans.

In 1999, the M&S ISA was available to its customers looking for saving options. M&S Money was officially rebranded as M&S Bank in 2012, with the first bank in Marble Arch, central London.

As well as providing a no fee current account, and insurance policies, M&S Bank also offers lending facilities via credit cards and personal loans.

The APR of their loans varies depending upon the amount borrowed, which can be between £1,000 and £25,000. Banking customers have the option to defer their loan repayments for a period of up to 3 months.