Sainsbury's Bank has reduced the rates on selected personal loan tiers, launching one to the top of the leaderboard for its terms.
The Standard Nectar Cardholder Loan, Reward Nectar Cardholder Loan and Non Nectar Loan have all had their £7,500 to £15,000 tier rates reduced by 0.1% APR. The best rates go to those looking to borrow this amount over a term of one to three years through a Standard Nectar Cardholder Loan, charging a market-leading rate of 3.9% APR, which pushes it straight to the top of the charts.
Example repayments: £5,000 loan over three years = £150.25 per month.
Loans are available to both new and existing Nectar cardholders and all loans come with a Price Promise Guarantee.
Borrowers should remember that rates are representative and dependent on individual credit ratings. But they'll need to be quick, as these rates are only available until 3:00PM 23.9.14.
The rate reduction on the £7,500 to £15,000 tier has propelled the Standard Nectar Cardholder Loan to the top of the best buy charts for its sector. However, these rates are only available for a short period of time, so borrowers who are keen to take up this loan will need to act quickly.
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 Any products featured may be withdrawn by their provider or changed at any time.
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