Sainsbury’s Finance cuts loan rate - Loans - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Sainsbury’s Finance cuts loan rate

Sainsbury’s Finance cuts loan rate

Category: Loans

Updated: 07/01/2011
First Published: 08/09/2010

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 It is now over 6 months old so the content may be out of date.

Sainsbury's Finance has cut the rates it charges for certain loans.

The APR charged on loans between £7,500 and £14,999 taken by Nectar Card holders has fallen to 7.4% APR typical.

It appears that the loans market is becoming more competitive after the recent belt tightening period by lenders.

Five out of five Moneyfacts stars have been awarded.

Sainsbury's Finance – Nectar Card Holder Personal Loan

  • Sainsbury's Finance is offering loans to customers looking to borrow between £1,000 and £25,000.
  • Rates of between 7.4% and 18.7% APR typical are charged. Rates will vary depending on the amount borrowed and the term chosen to repay the debt.
  • 7.4% APR typical on loans from £7,500 to £14,999.
  • Customers borrowing £7,500 over 5 years would repay £149.93 per month. Borrowers can opt to defer the first repayment for two months.
  • The loan is available to Sainsbury's shoppers with a Nectar card* only, but this can be applied for at the same time.
  • Loans are available to customers aged 18 years and over.

Apply for a Sainsbury's Loan Online

Compare all secured homeowner and personal unsecured loans

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 Any products featured may be withdrawn by their provider or changed at any time.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

Blue Monday hits nation’s finances

Today has been dubbed Blue Monday – the most depressing day of the year – and considering how many people could be battling with their finances this month, it’s little wonder.

Calls to make the loans market clearer

At first glance the personal loans market may seem simple enough, but get into the nitty gritty and it can be anything but. As a result, some are calling for action to make the market clearer and fairer for all.

Get the cheapest ever personal loan!

Have you woken up with a financial hangover after the festivities? Perhaps you’ve got big plans for the year ahead, or maybe you need a new car? Well, whatever your reasons for needing a loan, you can now snap one up for the cheapest ever rate!
 
Close