Sainsbury's Finance announces loan rate reduction
www.moneynews.co.uk > Sainsbury > Sainsbury's Finance announces loan rate reduction
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Money News |
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Sainsbury's Finance announces loan rate reduction
Mon 31st Oct 2011
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The company has reduced its APR from 6.4 to 6.2 per cent, with Moneyfacts naming the firm the UK's Best Personal Loan provider 2011.
Steven Baillie, head of loans at Sainsbury's Finance said: "We're pleased that we are able to offer a competitive rate to our customers who may be looking to make home improvements, buy a new car, or consolidate existing debts they may have."
Elsewhere, Liz Dunscombe, director of project and partnership development at Credit Action, advised anyone planning to take out a loan over the coming months to consider the impact it is likely to have on their financial situation very carefully.
She argued it is important for people to realise they need to budget effectively and they should not rely on borrowings to cover any shortfall in income.
Click here for more loans news
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