M&S Money Reduces Loan Rate
M&S Money has announced a reduction to its loan rate to 6.7% APR representative.

CHESHIRE, ENGLAND, July 16, 2011 /24-7PressRelease/ -- M&S Money is reducing the rate on its personal loans from 6.9% APR to 6.7% APR (representative). The offer applies to personal loans between GBP7,500 and GBP15,000.

M&S loans are available between GBP1,000 and GBP25,000 with flexible repayment terms over 12 to 84 months. Customers have the option of making no repayments for the first three months, subject to lending criteria.

Colin Kersley, M&S Money Chief Executive, said: "We are pleased to offer a reduced rate on M&S Personal Loans. The latest offer of 6.7% follows other competitive loan rates we have launched this year. The reduced rate also applies to M&S Car Buying Plan which allows customers to defer a fixed percentage of their loan."

M&S Car Buying Plan allows customers to defer a fixed percentage of their car buying loan, giving them the following options at the end of the term:
- Keep the car and carry on making monthly payments until the whole of the loan is repaid
- Keep the car and pay off the remainder of the loan with a lump sum
- Sell the car and use the money to pay off the remainder of the loan

When borrowing with an M&S Personal Loan, customers are reminded that they should consider their ability to maintain the monthly repayments. Customers can view more information on the M&S Money website, with further information available via our customer services teams over the phone.

Press Release Contact Information:

Liz Neild
M&S Money
PR Contact
Kings Meadow, Chester Business Park
Chester, Cheshire
United Kingdom CH99 9FB
Voice: 01244 686 068
Website: Visit Our Website