Stellar loans from Sainsbury’s | Product News - Moneyfacts

Product News

Stellar loans from Sainsbury’s

Stellar loans from Sainsbury’s

Category: Loans
Date: 09/07/2014

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 It is now over 6 months old so the content may be out of date.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 joined the ranks of other lenders to offer significant reductions on selected loans, with mid-tier rates falling by as much as 0.3% APR.

The basics…

Those looking to borrow anywhere from £5,000 to £15,000 will have seen rates cut by 0.3%, with the lowest rate of 3.9% APR being applicable to a Standard Nectar Cardholder Loan of £7,500 to £15,000 over one to three years.

Customers looking for other mid-tier borrowing amounts, or a Reward Nectar Cardholder Loan, can enjoy similar reductions.

The finer details…

Example repayments: £5,000 over three years = £150.25 per month

Rates are only available to Nectar cardholders who apply online or by phone, but they'll need to act quick – some of these rates are only available until 3pm on 22 July.

Borrowers should also bear in mind that rates are representative and dependent on an individual's credit rating and the amount and term of loan.

Why we like it…

These reductions have rocketed Sainsbury's to the very top of the Moneyfacts best buy charts, boasting the lowest mid-tier rates currently available.

The highest accolade of five Moneyfacts Stars has been awarded.

What next?

Try our 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close