Take out a personal loan with M&S Money and you can get a 10% cashback reward.

The personal loan must be taken out between 24 June and 11 August 2009 to qualify.

It must also be for a period of 36 months or more.

The cashback reward will be for 10% of the interest paid and will be made once the final personal loan payment has been made.

On a £10,000 loan over 36 months the typical rate is 8.7% APR, but taking the cashback reward into account the equivalent rate is 7.9% p.a.

M&S Money also have their M&S Car Buying Plan which qualifies for the 10% cashback reward.

The Car Buying Plan allows customers to defer a percentage of the car loan.

This means that at the end of the loan period you can either

• keep the car and make further payments until the loan has been repaid


• keep the car and use a lump sum to repay the remainder of the personal loan


• sell the car and use the proceeds to repay the remainder of the loan.

Whilst  this might be an attractive offer from M&S Money,  if you are looking for a personal loan it is worth looking around to get the best deal.

For example Alliance & Leicester currently has a rate of 7.9% APR Typical on their personal loans.