Sainsbury’s loan tops the chart | Product News - Moneyfacts

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Sainsbury’s loan tops the chart

Sainsbury’s loan tops the chart

Category: Loans
Date: 06/01/2014

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 It is now over 6 months old so the content may be out of date.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 just lowered the rate on selected loan amounts by 0.3% APR for both new and existing customers.

The basics…

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.

The finer details…

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.

Why we like it…

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.

What Next?


Compare loan repayments and interest with our easy-to-use loan 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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