Sainsbury's cuts loan rate for Nectar cardholders

Sainsbury's Finance reveals new personal loan rate

A new personal loan rate has been announced by Sainsbury's Finance for customers who borrow between £7,500 and £14,999.
Sainsbury's Finance cuts personal loan rate

Sainsbury's Finance has brought down the rate on personal loans valued between £7,500 and £15,000 from 6.4 per cent APR Representative to 6.2 per cent.

Thursday, 22 April 2010 12:00

Sainsbury's Finance has cut its rate for personal loans between £7,500 and £14,999 to 7.8 per cent for Nectar cardholders.

Applicants who take out the loan online, over the phone or with Moneysupermarket.com will receive double Nectar points on their shopping for two years.

The repayment period is tailored to anywhere between one and seven years, with repayments fixed for the entire term.

Steven Baillie, head of loans at Sainsbury's Finance, comments: "We've been offering some of the most attractive loan rates in the market for a long time now and this offer should strengthen further our appeal to Sainsbury's shoppers."