If you’re in the market for a personal loan, perhaps to fund some home improvements or buy a new car, take a look at this offer from MoneySuperMarket and M&S Bank.
Anyone successfully applying for a personal loan with M&S Bank via MoneySuperMarket or MoneySavingExpert before December 4 will receive a £40 M&S gift card. T&Cs apply.
To qualify for your gift card, your loan application must first be accepted, and you’ll need to have made your first loan repayment before May 31, 2016.
Once you’ve made your first repayment, your gift card will be sent out within 60 days, and no later than June 17, 2016.
This offer applies across all M&S loans.
Is this for you?
If you’re a keen M&S shopper, the £40 gift card offer is likely to be an attractive incentive.
But ultimately, whether this offer is right for you will depend on how much you need to borrow.
If you’re looking for a medium sized loan of between £7,500 and £15,000, M&S Bank offers one of the most competitive rates at 3.5% APR representative, repaid over one to seven years.
The only bank to beat this rate is Sainsbury’s Bank, which offers 3.4% APR representative on the same borrowing size. However, this must be repaid over a shorter period of one to three years and you’ll need a Nectar card to qualify (although you can easily register for a card online or in Sainsbury’s stores).