Sainsbury’s Bank loans reign supreme - Loans - News - Moneyfacts


Sainsbury’s Bank loans reign supreme

Sainsbury’s Bank loans reign supreme

Category: Loans

Updated: 09/10/2012
First Published: 09/10/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Rate reductions have resulted in Sainsbury's Bank retaining its position at the top of the best buy tables for medium and large lending.

The basics…

The Sainsbury's Bank Standard Nectar Cardholder Loan offers customers borrowing between £7,500 and £15,000 a rate of 5.6% for between one to three years, and 5.7% for the same borrowing tier over four to five years.

Borrowers looking for larger loans between £15,001 and £25,000 are offered 7.4% over two to three years, whilst 7.5% is offered over a longer term of four to seven years.

The finer details….

A typical monthly repayment, based on a £5,000 loan over three years, would be £154.11. Customers must be aware that rates are representative and dependent on credit rating and amount and term of loan.

Why we like it…

Sainsbury's Bank offers highly competitive loan rates to customers looking for medium to large-sized loans. Five out of five Moneyfacts stars have been awarded.

What Next?

Find the best loan for you - Loans Calculator

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Get a record low rate loan - if you qualify

Competition in the personal loans market is as hot as ever, so much so that one loan provider has slashed rates to the lowest on record – but only to those who fit the bill. The shopping bill, that is…

Competition returns to loans, but stalls in cards

Our recent figures reveal a mixed picture in terms of unsecured lending, as while competition appears to have returned to the loans market, it’s notably slowed in the credit card sector.

How to improve your credit score

Are you thinking about applying for credit? If so, you need to make sure your credit score is in order.