MS Bank Personal Loans and Rates




M&S Bank offers personal loans at a preferred APR of 2.8%. You also have the option to pay your loan amounting to £1,000 to £15,000 over a term of 1 to 7 years. For loan amounts ranging from £15,001 to £25,000, you can choose a payment option from 1 to 5 years. You also have a deferred repayment option for 3 months. Likewise, there are no set up or arrangement fees.

Features and Benefits of MS Bank Personal Loans

  • Deferred Loan Payments – The bank charges interest for the entire term of the loan that includes the 3-month deferred option prior to the start of the repayment period. If you get a loan payable over 60 months, for example, you will be charged with interest for 63 months.
  • Fixed Monthly Instalment Payments – With fixed monthly payments, it would be easier for you to manage your loan.
  • Instant Help – If you need assistance, you can chat with Hannah, the bank’s virtual assistant, anytime.
  • Preferred Rates – TD Bank offers competitive rates for all borrowers, especially for the bank’s main card and current account holders, as well as existing loan clients who are eligible for better rates for select loan amounts.

Requirements for an M&S Personal Loan

To be eligible for a personal loan from M&S Bank, you must be at least 18 years old and a resident of the UK. You must also have a yearly income of £10,000 or more. If you don’t meet the normal lending conditions, you can still be offered a loan, but not at the same APR, depending on your particular circumstances. Your requested loan amount also has a bearing on offered rate.




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