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.
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%.
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.
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
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