Sainsbury’s Bank reduces loan rate | Product News - Moneyfacts

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Sainsbury’s Bank reduces loan rate

Sainsbury’s Bank reduces loan rate

Category: Loans
Date: 06/03/2013

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 It is now over 6 months old so the content may be out of date.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 reduced its Standard Nectar Cardholder Loan rate by 0.2%, boosting its position in the medium amount loan best buy tables.

The basics…

A new rate of 12.6% APR is offered to customers looking to borrow between £3,000 and £4,999 over one to three years.

The finer details….

A typical monthly repayment based on a £5,000 loan over a three month period would be £153.68.

Rates are representative and dependent on credit rating, loan amount and term. Customers must hold a Nectarcard to be eligible for this loan.

Why we like it….

This loan should appeal to customers looking to borrow small amounts over a short term. Four out of five Moneyfacts Stars have been awarded.

What next?

Find out how much a Sainsbury's Bank loan could cost you each month with our handy Loan Calculator.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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