M&S gives 10% cashback on personal loans

by David Masters

M&S Money is offering 10% cashback to new customers taking out a personal loan.
Borrowers will be given a 10% refund on the interest they’ve paid once their final repayment has been made.
The offer is available until 11 August, and applies to loans paid back over a period of at least 36 months.
Customers who repay the loan early will not receive the cash back.
M&S currently offers a typical rate of 8.7% APR for a £10,000 loan repaid over 36 months.
However, with the cashback reward, this interest rate drops to the equivalent of 7.9% per annum.
Founded in 1985 by Marks and Spencer, M&S Money was sold to HSBC in 2004.
Discuss this in the Finance Markets forums
Story link: M&S gives 10% cashback on personal loans
Related financial stories to: M&S gives 10% cashback on personal loans:
- Cashback deals at Christmas
- NatWest launches First Home Saver Account
- Personal loans rate cut at Barclays
- Nationwide cuts rate on personal loans
- Abbey launches credit card with 5% cashback
Next: Taylor Wimpey launches Deposit Matcher »
Visited 2400 times, 1 so far today
No Comments »
No comments yet.
RSS feed for comments on this post.
Leave a comment
Tags: cashback, HSBC, interest rate, M&S Money, personal loans, special offer, UK