21 Nov 2024

Sainsbury’s Bank Unsecured Personal Loans APR Reduced

Below is a new product, which has been rated five stars by Moneyfacts, the highest rating we award. Moneyfacts is independent and its analysis can be used with confidence in your finance sections. If you would like to use the details below, please remember to source Moneyfacts or use the attached quote.

MONEYFACTS COMMENTS ON Sainsbury’s Bank Unsecured Personal Loans
Sainsbury's Bank has reduced the cost of borrowing on its £7,500 to £15,000 tier unsecured personal loan for 1 to 3 years to 5.7% APR and for 4 to 5 years to 5.8% APR. This reduction sees Sainsbury's Bank enhance its position as one of the most competitive loan providers across all lending amounts, in particular the middle tier borrowing.

Sylvia Waycot, finance expert at Moneyfacts, said: “These new low loan rates offer a great way to consolidate debts from multiple credit cards as the rate is so much cheaper and the repayment is structured to end at a specific time where as the same debt on a credit card can go on and on indefinitely.”

Moneyfacts Group
Moneyfacts is the UK’s leading independent provider of personal financial information and our data is used and trusted throughout the financial industry.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Think carefully before securing other debts against your home, your home may be repossessed if you do not keep up repayments on your mortgage.

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