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How to Apply
To apply for an Interest Free Loan, add your chosen furniture items to your basket and proceed to checkout. Your order must contain furniture items only. On the order summary select ‘change payment details’ then click the ‘Interest Free Loan’ button. Once your order has been received, a Customer Service Advisor will contact you by telephone.
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Terms & Conditions
To be eligible for an Interest Free Loan you must be over the age of 18, UK resident, employed or have some form of regular income and hold a UK bank account that accepts direct debits. Your total furniture order value, after any discounts, offers or additional payments have been applied, must be between £1,000 and £10,000. This offer is available on all furniture items starting with product code T39. The Interest Free Loan repayments can be spread over 12 months if you spend between £1,000 and £1,999. Or if you spend over £2,000 you have the option to choose to pay over 12 or 24 months. Typical 0%APR.
Credit available subject to status to UK residents aged 18 and over. Marks & Spencer Money is a trading name of Marks & Spencer Financial Services plc, a wholly owned subsidiary of HSBC Bank plc. Registered office: Kings Meadow, Chester CH99 9FB. Registered in England No. 1772585. Marks & Spencer, M&S Money and Your M&S are registered trademarks of Marks & Spencer plc and are used under licence. © Marks and Spencer Financial Services plc 2008. All rights reserved. |
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SUMMARY
BOX
Key
Information for our Interest Free Personal Loans from £1,000 to £10,000 |
| APR |
Typical 0.0% APR |
| Interest
Rate ranges |
Loan
size range
£1,000 to £10,000 |
From
%
0.0%
|
To
% 0.0%
|
Representative
APR 0.0%
|
| Interest
charging information |
The
interest rate is fixed for the life of the loan.
Interest is calculated once at the start of the
loan.
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| Repayment
Information |
Monthly
repayments by Direct Debit.
The first repayment will
be six weeks following the date the agreement is signed by M&S
Money.
|
| Repayment
Period |
12
months for loans up to £1,999.
12 or 24 months for loans of £2,000
to £10,000.
|
| Amount
of Loan available |
Loans
from £1,000 to £10,000 and any amount in between. |
Application/
Arrangement
fee
|
None. |
| Other
Fees |
None. |
Default
Fees |
A £15
charge will be made on each occasion a Direct Debit
request is not met by your bank.
A £15 letter charge will be made for each letter we send
to you after a payment is missed.
A £15 tracing agent fee will be made, if we need to instruct
a tracing agent to assist us in locating you. |
| Early
Settlement |
You
can pay off your loan at any time before the agreed date. There is no
charge for early settlement. |
Illustrative
Example |
Loan
amount |
REpresentative
APR |
Term |
Monthly
repayment |
Total
payable |
| £1,000 |
0.0% |
12 |
£83.33 |
£1,000 |
| £5,000 |
0.0% |
24 |
£208.33 |
£5,000 |
| £10,000 |
0.0% |
24 |
£416.67 |
£10,000 |
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