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Sainsbury’s Bank improves market-leading loan

Sainsbury’s Bank improves market-leading loan

Category: Loans
Date: 29/12/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Sainsbury's Bank has decreased the rate on loans of £7,500 to £15,000 to make an already market-leading rate even more appealing, thereby deservedly maintaining the top spot in the charts and earning the highest Moneyfacts rating.

The basics…

A personal loan of £7,500 to £15,000 over a term of 37 months to five years now boasts the lowest APR for its terms of 2.9%, after a drop of 0.2%.

The finer details…

Example monthly repayments: £7,500 over five years = £134.31.

Applications can be made online or over the phone. Borrowers must be at least 18 years old to apply, with a minimum gross household income of £7,500 per year, and should remember that rates are representative and dependent on their credit rating.

Why we like it…

Its reduced rate has made this market-leading personal loan even more competitive amongst its peers, comfortably retaining the top spot in the Best Buys and easily earning our highest rating.

Moneyfacts rating: Outstanding

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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