Sainsbury’s Finance lights up loan market - Loans - News - Moneyfacts

News

Sainsbury’s Finance lights up loan market

Sainsbury’s Finance lights up loan market

Category: Loans

Updated: 14/12/2012
First Published: 08/02/2011

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 It is now over 6 months old so the content may be out of date.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 once again improved its personal loan offering for Nectar Card holders.

This time selected rates have been lowered by 0.1%, benefiting those looking to repay the loan over a shorter term on higher amounts.

The tiers which have changed are as follows:

£7.5K to £14,999 - 7.1% APR (-0.1%) for a term of one to three years; and

£15K to £25K - 8.2% APR (-0.1%) for a term of two to three years.

Although rates between £1K and £7,499 remain unchanged, the loan continues to be competitive across all tiers.

Still topping both the £5K and £10K best buy charts, this deal earns five out five Moneyfacts stars.

Find the best loan for you - compare 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 Any products featured may be withdrawn by their provider or changed at any time.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

Regulator to take closer look at high-cost credit

When used well, credit can be a viable way to help make ends meet and balance the books – but the problem comes when that credit is of the high-cost variety. The regulator has will be taking a closer look at the sector to see what else can be done.

The payday loan market is still broken

The payday loan market has been under fire a lot in recent years, and as a result, the financial regulator stepped in. But has it made a difference? Unfortunately, it looks as though there’s still a lot of work to be done.

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…
 
Close