Sainsbury's Bank Loan rates have been cut

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Sainsbury's Bank Loan rates have been cut

Borrowing rates on one of Sainsbury's Bank Loan products have been reduced to 6.1 per cent APR, the company has announced.

Sainsbury's telephone loan is now available at the reduced rate but customers can only take advantage of the deal until October 9th 2006.

Customers taking advantage while they can will be able to get a Sainsbury's Bank Loan of £10,000 and make 60 monthly interest payments of £200.

Repayments do not have to be made during the first three months after taking out a loan and customers can get an instant quote over the phone.

Steven Baillie, loans manager, Sainsbury's Bank, said: "This offer should be helpful to those looking to fund a holiday this summer or maybe home improvements and highlights our commitment to continually offering low rates for our customers."

Sainsbury's Bank also offers insurance, savings and credit card products.

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