Loan rates cut in the Marks and Spencer sale

Marks & Spencer Money is to offer savings of up to 35% on personal loans, including a rate of 6.4% typical APR on loans between £7,500 and £25,000

Marks & Spencer Money is to offer savings of up to 35% on personal loans, including a rate of 6.4% typical APR on loans between £7,500 and £25,000. And there will be a 10% discount on M&S car, home, travel and pet insurance.

Putting some numbers on it loans from £1,000 - £2,999 will be charged 12.9% during the offer period (reduced from 19.9%). Other rates are: £3,000 - £4,999, 9.9% (12.9%); £5,000 - £7,499, 6.6% (9.2%) and £7,500 - £25,000, 6.4% (6.6%).

The reduced loan rates and savings on M&S insurance will be on offer in the Big Money Sale that starts December 27th and continues until February 28th 2006. Meanwhile, the 10% discounts on home and car insurance will be valid until customers' renewal dates if they register their details with M&S Money prior to the February 28th deadline.

Also, new applications for the &MORE Credit Card will earn double &MORE points for the first 6 months. The card has a typical APR of 15.9% variable. And there is 0% on balance transfers for 6 months from the account opening.

Click here to view details of the Marks and Spencer Loan!