May the Odds be in Your Favor...

M&S Money is offering consumers a tempting 10% cashback reward on its personal loans, it has been reported.

Customers who take out a personal loan spanning 36 months or more with the firm between June 24th and August 11th will

be able to take advantage of the deal.

Upon their final repayment, those taking out the loan will be granted a refund of ten per cent on the total sum of interest they

have paid during the loan's full term.

It points out that, taking the cashback deal into consideration, the average rate of 8.7 per cent APR on a loan

over 36 months would have the equivalent interest rate of 7.9 per cent per annum.

M&S money was founded in 1985 and has grown to become the second-largest distributor of travel currency in the UK. It was

sold to the HSBC banking group in 2004.

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