Sainsbury's Bank has made further rate reductions to its unsecured personal loans for consumers wanting to borrow larger amounts.
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.
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