Sainsbury's personal loans rate reduced for Nectar card holders
www.moneynews.co.uk > Personal loans > Sainsbury's personal loans rate reduced for Nectar card holders
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Money News |
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Sainsbury's personal loans rate reduced for Nectar card holders
Fri 3rd Apr 2009
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Users of the retailer's Nectar cards will be able to apply online for loans of between £5,000 and £15,000, with a typical APR of 7.9 per cent.
Sainsbury's claims it is one of only four providers offering personal loans of this value with APR below eight per cent. An instant decision will be made and the money will be paid within 24 hours.
Borrowers can choose their repayment period over a period of one to seven years and the repayments will be fixed for that time.
"We're constantly looking for ways to reward our customers and with this offer, we're giving the Sainsbury's shopper a preferential rate, enabling even more people to enjoy the benefit of banking, as well as shopping with us," said Stephen Baillie, head of loans at Sainsbury's Finance.
In other news at Sainsbury's, the provider conducted a study last month which found that that the number of people planning on buying a new car in the UK is at its lowest since 2005.
Click here for more personal loans news.
Related News : Personal loans |
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Related News : Sainsbury |
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