Sainsbury's Finance cuts personal loan rate to 8.1%

Sainsbury's Finance has cut its loan rates for any online applications of £7,000 or more (up to £25,000) to 8.1% APR typical. This is effective immediately.

In addition to one of the most competitive rates in the marketplace, customers taking out a Sainsbury's Finance Loan benefit from:

A personally tailored repayment period, from one to seven years
Fixed repayments for the whole period of the loan
An instant personal loan decision
The money in 24 hours

Steven Baillie, Head of Loans, Sainsbury's Finance, said: "Our loan products have been consistently in the best-buy tables and this cut makes them even more competitive. Our new rate, one of the lowest available, should appeal to those looking to either consolidate their existing debts or make a major purchase in 2009."

For further information on Sainsbury's Finance Loans, visit sainsburysbank.co.uk