Sainsbury's Bank has lowered the cost of mid-tier borrowing by 0.2% for both new and existing Nectar cardholder customers.
Customers looking to borrow between £7,500 and £15,000 will now pay a competitive 4.2% APR for a Standard Nectar Cardholder Loan over one to three years and 4.3% over four to five years.
As an added bonus, it comes with a Price Promise Guarantee where Sainsbury's will beat any like-for-like loan (subject to terms and conditions).
The finer details…
Example repayments: £10,000 over five years = £185.15 per month.
Borrowers must remember that rates are representative and depend on an individual's credit rating.
This rate is only available to customers applying online and by telephone and they need to hold a Nectar card to qualify.
Why we like it…
Sainsbury's Bank has confirmed its position as one of the most competitive loan providers with this attractive rate and it retains its place within the Moneyfacts best buys.
Four Moneyfacts Stars have been awarded.
Apply here for the Sainsbury's Bank Loan
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