Sainsbury’s cuts loan rates | Product News - Moneyfacts

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Sainsbury’s cuts loan rates

Sainsbury’s cuts loan rates

Category: Loans
Date: 15/07/2013

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 It is now over 6 months old so the content may be out of date.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 made further rate reductions to its unsecured personal loans for consumers wanting to borrow larger amounts.

The basics…

The rate on unsecured personal loans between £15,001 and £25,000 have been cut by 0.2% APR.

Loans over two to three years will now be charged 6.9% APR; four to five years, 7.0% APR; and six to seven years 8.0% APR.

The finer details….

As with all Sainsbury's Bank loans, borrowers must have or sign up for a Nectar Card in order to qualify.

Borrowers must remember that rates are representative, and will depend on each customer's personal credit rating.

Why we like it….

This rate cut secures Sainsbury's Bank's position in the top five for unsecured personal loans.

Four out of five Moneyfacts Stars have been awarded.

What Next?

Compare all unsecured personal loans using our loans 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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