Sainsbury's Bank has reduced personal loan rates across its Nectar Cardholder range by up to 1.2% APR.
Borrowers looking for a loan between £15,001 and £25,000 will now be charged 6.6% APR for a Standard Nectar Cardholder Loan over a term of six to seven years.
Those needing smaller loans will still enjoy, albeit smaller, rate reductions.
Borrowers must remember that rates are representative and depend on an individual's credit rating.
This rate is only available to customers applying online.
Sainsbury's Bank has confirmed its position as one of the most competitive loan providers with this market-leading rate.
The highest accolade of five Moneyfacts Stars has been awarded.
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