Please
note: The interest rates, APR calculations, charges,
awards and other conditions applying to loans on these pages
may be changed by the lenders at any time.
Marks & Spencer Money Loans
Marks and Spencer
has taken the route of an increasing number of large retailers,
and has begun lending money to its customer
base. That is, everyone.
The company runs a complete line of
loan and credit products through its Marks
& Spencer Money brand, aimed at the consumer
market. Perhaps because they have a retail approach to business
the loans are priced very well and designed to attract customers.
Compare rates online for a cheap UK loan
Click on the button then select Marks
& Spencer's name by scrolling the menu box.
We strongly recommend you then run a comparison
by selecting the default choice of "Any",
it may find you a far better deal . . .
Why take a loan from Marks and Spencer?
This relatively new move by big UK
retailers, the provision of consumer credit to their customer
base, opens up new avenues for UK residents seeking lines
of credit. Marks & Spencer Money aims firmly
into the £1500 to £7500 range, and clearly sees its
loan facilities as a way of boosting store spending.
Here are some other reasons why going with a Marks and Spencer
loan could be a good thing.
| • |
A slightly
more relaxed attitude to applicants |
| • |
A very
competitive basic APR |
| • |
The use of the loan facilities
to spur other spending means that bonus offers come
the way of borrowers |
| • |
A will to compete with
High Street banks for consumers' interest payments means
that costs are continually cut to the bone. |
Summary of loans from Marks & Spencer Money
That retail approach really works
in the loans business . . .want to sell something? Make
sure it's attractive, well priced and a bit enticing and
then . . . slam dunk the price and have a sale! That's
typical of the approach, and the following will give you
an idea of the tone:
"It's not just Marks & Spencer
stores that are having a sale this winter — our personal
loans are on sale too, with the lowest loan rate we've ever
had — just 6.2% typical APR*, (only available online).
There's never been a better time to
reorganise your finances with Marks & Spencer Money,
because our repayments have never been more affordable.
What's more, apply now and you won't make any repayments
for three months."
*Accurate as at 14/01/04
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