Sainsbury’s Finance cuts personal loan rate

Sainsbury's Finance has reduced its best buy personal loan rate to a best buy 6.9% APR. Representative for loans between £7,500 and £14,999 until 29th March. Sainsbury's Loan customers could also benefit from a week's free shopping as their loan awards them double Nectar points on all their shopping and petrol for two years - a further boost to an extremely low APR.

Available to Sainsbury's shoppers applying with a Nectar card, those seeking a loan can apply via Sainsbury's Finance's website and a number of aggregator sites.

Steven Baillie, Head of Loans at Sainsbury's Finance said: "We continually offer competitive rates for our customers and reward them for their custom, so the new rate is great news for Sainsbury's shoppers."

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.

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 and petrol 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 sainsburysfinance.co.uk.