Sainsbury’s Cuts Personal Loan Rate For Nectar Card Holders
Published: 10 September 2010 By MoneyHighStreet Staff Leave a Comment
Sainsbury’s Finance has cut its personal loan rate to 7.7% for Nectar card holders.
The new personal loan rate will be available until 7 October 2010 for Sainsbury’s shoppers applying for a personal loan between £7,500 and £14,999.
It’s only available to those applying with a Nectar card and as well as the 7.7% interest rate and there’s the added benefit of double Nectar points on their shopping and petrol for two years – this for example means customers who spend £50 a week with Sainsbury’s and have a Sainsbury’s personal loan as well as a Nectar card would receive £52 worth of Nectar points a year.
Other benefits of this personal loan offer include a personally tailored repayment period, from 1 to 7 years, fixed repayments for the whole of the loan, an instant decision and money direct into your bank account.
Steven Baillie, Head of Loans, Sainsbury’s Finance, said: “We’ve been offering some of the most attractive loan rates in the market for a long time now and this offer should further strengthen our appeal to Sainsbury’s shoppers.”
This new competitive loan rate from Sainsbury’s, comes soon after Nationwide also cut its personal loan rate earlier in the week.
Sainsbury’s Finance is a joint venture between J.Sainsbury plc and Lloyds Banking Group.
