Sainsbury’s Finance cuts personal loan rate

Sainsbury's Finance has announced a reduced rate of 7.7%, available from 9th September until 7th October, for Sainsbury's shoppers applying for a personal loan between £7,500 and £14,999.

The rate will be available to applicants applying with a Nectar card and enables shoppers to benefit from double Nectar points on their shopping and petrol for two years. 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: "We've been offering some of the most attractive loan rates in the market for a long time now and this offer should further strengthen our appeal to Sainsbury's shoppers."