Bank or credit union · United Kingdom

M&S Bank personal loan: what you repay on £10,000

At its lowest published APR of 5.90%, M&S Bank costs £303.07 a month on £10,000 over 36 months, or £10,911 in total — £911 of interest.

That is the representative APR — the rate at least 51% of accepted applicants get. The lender does not publish a maximum, so the top of the range is not knowable from its page.

What does the lender publish?

M&S Bank publishes the terms below on its own site; the wording of its rate disclosure is quoted further down.

Source: M&S Bank rates page. checked 2026-08-25
Term	As published
Representative APR	5.90% representative
Highest published APR	not published
Representative APR by amount	£1,000–£2,999: 14.9%; £3,000–£4,999: 9.9%; £5,000–£7,499: 6.9%; £7,500–£25,000: 5.9%; £25,001–£30,000: 6.9%
Origination or arrangement fee	none, as published
Loan amounts	£1,000 to £30,000
Terms	12 to 84 months
Early-repayment charge	not stated
Late fee	not stated
Rate check without a hard credit search	yes, as published

Ownership: not stated in the provider's published documentation (checked 2026-08-25).

Highest published APR: not stated in the provider's published documentation (checked 2026-08-25).

Representative example: not stated in the provider's published documentation (checked 2026-08-25).

Late fee: not stated in the provider's published documentation (checked 2026-08-25).

Early-repayment charge: not stated in the provider's published documentation (checked 2026-08-25).

Minimum credit score: not stated in the provider's published documentation (checked 2026-08-25).

Time to funds: not stated in the provider's published documentation (checked 2026-08-25).

What does it come to at other amounts and terms?

Each row re-computes the loan at the lowest and highest published APR, with the lowest and highest published fee.

Computed from the published APR range and fee range. Best case is the lowest APR with the lowest fee; worst case the highest of each. “You sign for” is the loan amount needed for £10,000 to reach your account after the highest published fee is deducted; interest on the fee is inside the APR. checked 2026-08-25
Borrow	Over	You sign for (worst fee)	Monthly, best case	Total repayable, best case	Monthly, worst case	Total repayable, worst case
£5,000	36 months	£5,000	£151.54	£5,455	top of range not published	—
£5,000	60 months	£5,000	£96.08	£5,765	top of range not published	—
£10,000	36 months	£10,000	£303.07	£10,911	top of range not published	—
£10,000	60 months	£10,000	£192.15	£11,529	top of range not published	—
£20,000	36 months	£20,000	£606.14	£21,821	top of range not published	—
£20,000	60 months	£20,000	£384.30	£23,058	top of range not published	—
£35,000	36 months	outside the published range (£1,000 to £30,000; 12 to 84 months)
£35,000	60 months	outside the published range (£1,000 to £30,000; 12 to 84 months)

Scroll sideways on a phone.

How that is worked out

amount received = the amount you want in your account (10,000 on most pages) amount signed for = amount received / (1 - origination fee %) monthly rate = APR / 12 (United States) or (1 + APR)^(1/12) - 1 (United Kingdom) monthly payment = amount received x monthly rate / (1 - (1 + monthly rate)^(-months)) total repayable = monthly payment x months cost of credit = total repayable - amount received cost per 1,000 = cost of credit / (amount received / 1,000)

Nothing else is added. The APR already includes the origination fee by law in both markets, so the payment is worked out on the amount you actually receive, at the APR, over the term — which is exactly how the lender's own representative example is built. The fee shows up as the larger amount you sign for, and the interest on it is inside the APR. Late fees, optional insurance and early-settlement charges are not in any figure on this site, because they depend on what happens after you sign. Best case uses the lowest published APR and the lowest published fee; worst case the highest of each. The full method is at Method.

Is there an origination fee?

M&S Bank states that it charges no origination or arrangement fee, so the amount you borrow is the amount that reaches you. checked 2026-08-25

The APR published by the lender already includes the origination fee, which is why the payment here is worked out on the amount you receive at the published APR, not on the larger amount you sign for at a lower interest rate. Both routes give the same payment; the lender's own example, where it publishes one, is the check.

What does the rate disclosure say?

Illustrative APR by loan amount, e.g. £7,500–£25,000: 5.9% illustrative / up to 16.9% maximum; £1,000–£2,999: 14.9% illustrative / up to 21.9% maximum.

Quoted from the lender's page. checked 2026-08-25

What we recorded when we read the page

The checker's notes for this row, kept as written so that you can see what was read, what was quoted and what could not be read. Wording in quotation marks is the lender's.

Page uses 'illustrative APR' / 'maximum APR' terminology per amount band rather than a single 'Representative APR' worked example; apr_min above uses the lowest illustrative-APR band as the closest equivalent. Per-band maximum APRs: £1,000–£2,999 up to 21.9%; £3,000–£4,999 up to 20.9%; £5,000–£7,499 up to 17.9%; £7,500–£25,000 up to 16.9%; £25,001–£30,000 up to 11.9%. 'There are no fees associated with this loan.' Early repayment wording is a daily-interest/rebate formula, not a clearly stated flat penalty. Minimum annual income of £10,000 required; UK residents only.

Who owns it?

Who owns this lender is not stated on its own site, and we could not confirm it from a primary source. We have left it blank rather than repeat what other sites say.

Where this leaves you

Do not decide yet if you are choosing the term to get the payment down: the same £10,000 over 60 months is £192.15 a month instead of £303.07, but £11,529 in total instead of £10,911 — the term is the number you control.

Who this page is not for

This is not a review and it is not an offer. We have not borrowed from M&S Bank, we hold no opinion on its service, and nothing here is a recommendation or advice. It answers one question: what the published range turns into as a monthly payment and a total, before you apply.

Sources

M&S Bank rates page — every figure on this page. checked 2026-08-25
data.json — the row behind this page, with the source URL and check date on every figure.

Written by Kaz (pen name). Figures are copied from providers' published pricing pages on the dates shown. We have not used these products. Corrections: contact form.