Sainsbury's Bank has just lowered the rate on selected loan amounts by 0.3% APR for both new and existing customers.
For customers seeking a loan of between £7,500 and £15,000, the Standard Nectar Cardholder Loan is now priced at a market-leading 4.6% APR for terms of 1-3 years, 4.7% for terms of 4-5 years and 6.7% APR for terms of 6-7 years.
These rates only apply to online applicants and are available for a limited time only – until 31 January – so borrowers wanting to make the most of the reduction will need to act fast.
Rates are representative and depend on credit rating and loan amount.
This rate reduction sees Sainsbury's £7,500-£15,000 tier loan sit at the top of the best buy charts for its respective field.
The highest accolade of five Moneyfacts Stars has been awarded.
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