Sainsbury's Bank has reduced rates by 0.1% APR on selected unsecured personal loan amounts for new and existing customers.
Customers looking to borrow between £7,500 and £15,000 can now obtain a highly competitive rate of 4.6% APR for a Standard Nectar Cardholder Loan over a term of four to five years.
Example repayments: £7,500 over five years = £139.84
This rate is only available to those who hold a Nectar Card and apply by telephone or online, and borrowers must remember that rates are representative and depend on an individual's credit rating.
This reduction from Sainsbury's Bank offers competitive rates in the mid-tier borrowing sector and sees them sit comfortably in the Moneyfacts best buys.
The highest accolade of five Moneyfacts Stars has been awarded.
Check out our loans calculator for the best deal for you
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