Sainsbury's loans 'best buy for many'
Monday, 14 February 2011 03:52
Sainsbury's loans could be the best personal loan choice for many Brits, according to findings from Moneyfacts.co.uk.
Reducing its rate on loans between £7,500 and £14,999 to 7.2 per cent from 7.4 per cent has allowed the supermarket to gain the position of 'best buy'.
Meanwhile, Nectar card holders could find they benefit further, as they are eligible to a rate of 7.1 per cent when opting for terms between one to three years in duration.
Buoying the benefits on offer, Sainsbury's will also double the Nectar points of purchases cardholders make in store, on petrol and online for two years.
Head of loans at Sainsbury's Finance Steve Baillie says: "We've been offering some of the most competitive loan rates available for a number of years now and we will continue to do so," adding that shoppers could really benefit from double points.
And consumers keen to make their money go further could find they make gains from using a cashback credit card, according to recent research from moneysupermarket.com.
Use the Myfinances.co.uk comparison tools to find the best deal on a personal loan
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