Sainsbury's Bank makes online loans cheaper

Sainsbury's Bank makes online loans cheaper

Sainsbury's Bank has cut the interest rate it charges on its online loan to 6.5% APR.
Tesco Bank cuts interest rate on loans up to £15K

Tesco Bank has slashed its interest rate on loans between £7,500 to £14,999 from 7.4 per cent APR to 6.7 per cent APR representative.

Friday, 06 July 2007 12:00

Sainsbury's Bank has cut the interest rate it charges on its online loan to 6.5% APR.

The new rate is typically offered on Sainsbury's Bank online loan applications of between £7,500 and £25,000.

People taking out a Sainsbury's Bank personal loan also opt to make no repayments for the first three months, receive an instant decision and have their cheque delivered to their door within 24 hours.

"Our new rate, which is one of the lowest around, should be helpful to those looking to carry out any home improvements this summer or those planning to order a new car and highlights our commitment to continually offer competitive rates to our customers," said Steven Baillie, loans manager, Sainsbury's Bank.

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