Sainsbury's Bank has reviewed its personal loan rates with selected tiers increasing by 0.1% APR following the end of its sale. However, despite the increase, all tiers remain firmly in the Moneyfacts charts.
The most competitive rate now goes to those looking to borrow between £5,000 and £7,499 over terms of one to three years, with borrowers paying a market-leading 5.3% APR.
The finer details…
Example repayments: £5,000 over three years = £150.25 per month.
Loans are available to both new and existing Nectar cardholders and come with a Price Promise Guarantee. Borrowers should remember that rates are representative and depend on an individual's credit rating.
Why we like it…
Despite some tiers seeing increased rates, Sainsbury's Bank remains at the top of the Moneyfacts best buys in the £5,000 tier while all other amounts remain highly competitive.
The highest accolade of five Moneyfacts Stars has been awarded.
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 Any products featured may be withdrawn by their provider or changed at any time.
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