The Financial Blog

Marks and Spencer Moneyis offering an amazing 25 per cent cashback reward to personal loan customers.

You must take out a loan between the 1st April and 3rd June 2008 and you must take out a loan over 36 months or more. You get 25 per cent of the interest you pay back, once the final loan repayment has been made. www.marksandspencer.com/loans

This is the first time I’ve heard of Cashback on personal loans and it’s definitely good news for the personal finance market and consumers looking to apply for a loan in the next couple of months. www.marksandspencer.com/loans

If you take into account the Cashback, the typical rate of 8.9 per cent APR for loans of £7,500 to £20,000 is equivalent to just 6.9 per cent P.A.

Cashback examples;

£7,500 loan over 36 months = £288.09 Cashback, over 60 months = £469.24 Cashback

£12,500 loan over 36 months = £480.15 Cashback, over 60 months = £782.07 Cashback

£15,000 loan over 36 months = £576.18 Cashback, over 60 months = £938.48 Cashback

Get to www.marksandspencer.com/loans from tomorrow and apply online!

This entry was posted on Monday, March 31st, 2008 at 3:16 pm and is filed under Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.