Sainsbury's Finance has unveiled a new lower rate unsecured loan for customers who wish to borrow between £7.5K and £14,999.
The New Standard Nectar Cardholder Loan without incentives offers rates of: £7.5K to £14999 - 6.9% APR, term one year to three years; £7.5K to £14999 - 7.0% APR, term four year to five years.
Rates are typical and dependent on credit rating and amount and term of the loan. No double nectar points or Sainsbury's vouchers are offered on this loan.
This new loan, which runs alongside the current rewards version, offers a lower rate when customers do not take up the incentives of double nectar points or a Sainsbury's voucher.
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