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Sainsbury's 7.9% personal loan rate offer ends soon

21st January 2010 Print

Sainsbury's shoppers have less than a week, until Tuesday 26th January, to take advantage of its best buy loan rate of 7.9% APR Typical. Nectar card holders applying for a loan will also benefit from double Nectar points on their shopping for two years. The special offer is available for loans of between £7,500 and £15,000 and is available through all channels except aggregator sites.

According to the average rate on non-secured personal loans between £7,500 and £15,000 is currently 10.4%.

Sainsbury's shoppers taking advantage of the offer will be rewarded with double Nectar points on their shopping in store, online and in petrol filling stations for two years when taking out a loan from Sainsbury's Finance. For example, customers who spend £50 a week with Sainsbury's and have a Sainsbury's personal loan as well as a Nectar card would receive £52 worth of Nectar points a year.

Steven Baillie, Head of Loans, Sainsbury's Finance, said: "Anybody considering a loan needs to move fast now to take advantage of this offer. All of our loans customers enjoy one of the most competitive rates available and those who shop at Sainsbury's will be rewarded further, with double Nectar points on their shopping for two years."

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

Double Nectar points on your Sainsbury's shopping for 2 years
A personally tailored repayment period, from 1 to 7 years
Fixed repayments for the whole period of the loan
An instant decision
Money directly into your bank account

For further information on Sainsbury's Finance Loans, visit