Sainsbury's Finance notes increase in personal loans
www.moneynews.co.uk > Personal loans > Sainsbury's Finance notes increase in personal loans
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Money News |
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Sainsbury's Finance notes increase in personal loans
Tue 27th Oct 2009
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Steven Baillie, head of loans at the financial services provider, pointed out that it is a good sign for the vehicle industry to have so many people borrowing money to buy a motor.
Research by Sainsbury's Finance showed that £61.2 million worth of loans has been taken out per month to buy cars since the beginning of the scrappage scheme.
He said: "People considering buying a car, however, must remember to shop around for the best value loan they can find if this is how they decide to fund their vehicle."
Mr Baillie claimed that it can make a big difference to the amount that borrowers end up paying back each month.
This month, Sainsbury's Finance announced that it will be awarding extra Nectar points over the next two years for people who take out the organisation's financial products.
Click here for more personal loan news
Related News : Personal loans |
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Related News : Sainsbury |
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