Sainsbury's Finance has announced that selected rates on unsecured personal loans will be reduced by 0.4% for online applications. The reduction will benefit consumers that apply for a loan of between £15,001 and £25K; the 0.4% reduction means that the loan will now be charged at 8.1%, although all rates are typical and dependent on credit ratings. While the rest of its unsecured loan portfolio remains unchanged, Sainsbury's Finance remains a competitive force across all tiers. The product has been awarded four out of five Moneyfacts stars.
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