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Sainsbury’s Bank reduces loan rate

Sainsbury’s Bank reduces loan rate

Category: Loans

Updated: 10/09/2012
First Published: 07/09/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

A slight reduction of 0.1% to the Sainsbury's Bank Standard Nectar Cardholder loan has boosted its position in the loan market even further.

The basics…

This deal offers a rate of 5.7% APR to customers borrowing between £7,500 and £15,000 over three years and 5.8% APR for borrowing the same amount over a maximum of five years.

The finer details….

The Standard Nectar Cardholder loan is available to borrowers online only. Customers borrowing £5,000 over a three year term at 5.7% APR can expect to pay £151.43 per month.

Why we like it…

This loan offers borrowers market-leading rates of 5.7% and 5.8% and has been awarded five out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.