You are one step away from the M&S Personal Loan. Before you apply, check the eligibility criteria and the steps below so you arrive fully prepared.

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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

Apply onlineTerms 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

  1. Open the loan calculator on the M&S Bank (Marks & Spencer Financial Services plc) website.
  2. Enter the amount you want to borrow and the term in months.
  3. Check the estimated monthly repayment and adjust until it suits your budget.

✅ Good to know

  • Check before you apply: An eligibility check uses a soft search, so it does not affect your credit score.
  • Free overpayments: Overpay to reduce the interest you pay.
  • 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.

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