M&S Money reduces rate on personal loans
www.moneynews.co.uk > Loans > M&S Money reduces rate on personal loans
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M&S Money reduces rate on personal loans
Wed 4th Nov 2009
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The reduction is also available on the M&S Car Buying Plan, which gives new car buyers the chance to defer a fixed part of their loan.
Consumers then have the option to pay the loan back in a lump sum or monthly instalments, or sell the car and use the money to pay off the remaining debt.
This new initiative follows on from the ten per cent cashback rewards that were offered in the summer on loans for new registration cars.
Once customers had repaid their debt, they received their payment based on the amount of interest they had accrued during the life of their loan.
Colin Kersley, chief executive of M&S Money, said the company aimed to continue its 20 years history of providing competitive and innovative loans to customers, "with the new offer we hope that more will be able to upgrade their cars".
Click here for more personal loan news
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