Sainsbury's Bank has lowered the cost of borrowing on selected tiers, for both new and existing Nectar cardholder customers, by up to 0.2% APR.
Customers looking to borrow between £5,000 and £7,499 will now pay a market leading 5.6% APR for a Standard Nectar Cardholder Loan over one to three years.
As an added bonus, it comes with a Price Promise Guarantee where Sainsbury's will beat any like-for-like loan (subject to terms and conditions).
The finer details…
Example repayments: £5,000 over three years = £150.89 per month.
Borrowers must remember that rates are representative and depend on an individual's credit rating.
This rate is only available to customers applying online and by telephone and they need to hold a Nectar card to qualify.
Why we like it…
This competitive rate from Sainsbury's Bank has secured its position in the Moneyfacts best buys.
The highest accolade of five Moneyfacts Stars has been awarded.
To apply for this loan click here
To compare other loan rates check out our loans calculator
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