New Personal Loan Rate From Sainsbury’s Finance
Published: 28 January 2011 By MoneyHighStreet Staff Leave a Comment
Sainsbury’s Finance has cut its personal loan interest rate to 7.2% APR Typical.
The new personal loan rate applies to loan between £7,500 and £14,999 and is available to Sainsbury’s shoppers applying with a Nectar card, those seeking a loan apply via Sainsbury’s Finance’s website and a number of aggregator sites.
As well as the 7.2% APR Typical, customer get the equivalent of an extra 1% off their Sainsbury’s shopping and fuel for 2 years if they use their Nectar card.
Steven Baillie, Head of Loans at Sainsbury’s Finance said: “We continually offer competitive rates for our customers and reward them for their custom, so the new rate is good news for Sainsbury’s shoppers”
Those customers taking out this secured loan will benefit from double Nectar points on their Sainsbury’s shopping (in store and online) and petrol for 2 years.
On applying, an instant decision will be made on whether you will be granted the loan. If so the money will be paid directly into your bank account and you will have fixed repayments for the whole period of the loan, which will be from 1 to 7 years.
Sainsbury’s Finance is a joint venture between J.Sainsbury plc and Lloyds Banking Group.
