You are one step away from the M&S Car Loan. Before you apply, check the eligibility criteria and the steps below so you arrive fully prepared.
Check each requirement below before you apply. Having everything ready means a quicker decision and fewer surprises.
Most lenders let you check your eligibility with a soft search, which does not affect your credit score.
Clear criteria, faster decision
Buy new or usedTerms up to 7 yearsFixed monthly payments
📋 Eligibility
- Age: You must be aged 18 or over.
- Residency: You must be a UK resident.
- Income: You need an annual income of at least £10,000 and must be able to afford the repayments.
- Credit check: A full credit check is carried out if you go ahead with an application.
- ID and bank account: You will need a UK bank account for repayments by Direct Debit and to pass identity checks.
🧮 How to check your repayment
- Open the loan calculator on the M&S Bank (Marks & Spencer Financial Services plc) website.
- Enter the amount you want to borrow and the term in months.
- Check the estimated monthly repayment and adjust until it suits your budget.
✅ Good to know
- Free overpayments: Overpayments are free of charge, lowering the interest you pay.
- Check before you apply: An eligibility check uses a soft search, so it does not affect your credit score.
- Unsecured borrowing: The loan is not secured against your home or other assets.
Approval and the rate offered depend on M&S Bank's credit and affordability checks; your rate may differ from the representative APR.