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

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Sainsbury’s Bank slashes loan rate

Sainsbury’s Bank slashes loan rate

Category: Loans
Date: 11/06/2013

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 It is now over 6 months old so the content may be out of date.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 the rate on it Standard Nectar Cardholder Loan for all borrowing between £5,000 and £7,499.

The basics…

Standard Nectar Cardholders borrowing between £5,000 and £7,499 will be offered a rate of 6.8% APR over one to three years or four to five years.

The finer details….

A typical monthly repayment for a £5,000 loan over a three-year period would be £155.40.

Rates are representative and dependent on credit rating and amount and term of loan.

Why we like it….

Asserting its place in the personal loan best buy tables, this latest rate reduction will appeal to customers borrowing medium amounts of money. Four out of five Moneyfacts Stars have been awarded.

What next?

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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