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.
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.
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.
This loan should appeal to customers looking to borrow small amounts over a short term. Four out of five Moneyfacts Stars have been awarded.
Find out how much a Sainsbury's Bank loan could cost you each month with our handy Loan Calculator.
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