M&S Money reduces personal loans

Wed, 21 Dec 2005

Marks & Spencer (M&S) Money is reducing the lending rates on a selection of its personal loans.

People who decide to take out one of the personal loans, could make savings of up to 35 per cent. Personal loans of between £7,500 and £25,000 will have a typical annual percentage rate of 6.4 per cent.

In addition to the savings available on M&S Money's personal loans, the lender has also cut prices on a range of its products as part of its Big Money Sale - which will last between December 27th and the end of February.

Consumers can save ten per cent on their home insurance, car insurance, travel insurance and pet insurance.

Credit card customers will also be able to take advantage of increased loyalty rewards available on &More credit cards.

Commenting on the promotion, David MacKay, commercial director of M&S Money, said: "This is our biggest ever sale, offering savings across a range of M&S Money products."

He added that his company will also honour the reduced rates for people who register their details during the Big Money Sale but who then choose to take out a product later in the year.


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