I took out a personal loan online with M&S bank.
Pros: * Straight-forward online application
* Cheaper rates (at the moment)
* Longer term (at the moment)
* Funds put into your account through electronic transfer on the day they receive your signed forms back
Cons: * You can only apply for a loan in a sole name (not joint names)
* Speed of completion depends on post (cannot draw down loan until you receive and sign the forms in the post and they receive them back through the post - you cannot drop the forms into your local M&S bank)
Reviewed on: 21st June 2016
