Sainsbury's: 8% loan rate for shoppers
Sainsbury's is offering personal loans at a rate of eight per cent to customers who hold a Nectar card.
Loans of between £7,500 and £15,000 are available at the rate, which is being offered to customers who apply online.
And anyone taking out a Sainsbury's loan can chose to make no repayments for the first three months.
They will also receive a decision on whether the loan has been accepted instantly and have their cheque delivered to the door within 24 hours.
Sainsbury's said it had seen a recent rise in the number of loans being taken out since the government's car scrappage scheme had come into force.
Stephen Baillie, head of loans at Sainsbury's said: "People considering buying a car, however, must remember to shop around for the best value loan they can find if this is how they decide to fund their vehicle - it can make a big difference to their repayments."
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