Sainsbury's Bank has amended loan rates on its Nectar Cardholder range for new and existing customers.
Customers looking to borrow between £5,000 and £7,499 will now be charged a market-leading rate of 5.7% APR, a reduction of 0.3%, for a Standard Nectar Cardholder Loan over a term of one to three years.
The finer details…
Example repayments: £5,000 over three years = £151.11.
This rate is only available to those who hold a Nectar card and apply online, and borrowers must remember that rates are representative and depend on an individual's credit rating.
Why we like it…
With this market-leading rate Sainsbury's Bank's personal loan has risen to the top of the Moneyfacts best buy charts.
The highest accolade of five Moneyfacts Stars has been awarded.
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