M&S Money Announces Reduction of Loan Rate to 6.9% APR
M&S Money has announced it has reduced its loan rate to 6.9% APR representative.

LONDON, ENGLAND, March 05, 2011 /24-7PressRelease/ -- M&S Money has revealed is has reduced the rate on its personal loans from 7.5% APR to 6.9% APR (representative).

The offer applies to individual loans between GBP7,500 and GBP15,000.

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

Colin Kersley, M&S Money chief executive, said: "Our new loan rate, together with the M&S Credit Card offer of 0% for 15 months on shopping, makes our credit products highly competitive in the market."

The offer is also available with M&S Car Buying Plan which allows customers to defer a fixed percentage of their loan, giving them a number of options at the end of the term. These options include the customer keeping the car and continuing to make monthly payments until the whole of the loan is repaid, the customer keeping the car and paying off the remainder of the loan with a lump sum or the customer can sell the car and use the money made from the sale to pay off the remainder of the loan.

Press Release Contact Information:

Liz Neild
M&S Money
Media Relations Manager
8 Canada Square
Canary Wharf, London
United Kingdom E14 5HQ
Voice: 01244 686 068
Website: Visit Our Website