from 23 ratings
23 customers rated their Sainsbury's Bank loan as 4 out of 5 in our Consumer Finance Awards and Reviews.
Customer Service
Flexibility & Fairness
Product Features
Value For Money
Sainsbury's Bank offer a variety of personal, unsecured loans allowing you to borrow small amounts or larger sums. You can spread your loan repayments over several years. Sainsbury's Bank offers a standard loan and a loan that rewards shoppers by offering bonus Nectar points, and double points when you use your Nectar card. You can apply for a Sainsbury's Bank Loan via their website or by telephone. Use their online loan calculator to work out the cost of your borrowing.
Sainsbury's Bank Standard Medium Loan (1-3 Yrs) Ex/C
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£7,500 to £15,0003.8% APR
(£7,500 to £15,000)
1 year to 3 years
Available to existing customers only.
Representative Example: The Representative APR is 3.8% APR (fixed) so if you borrow £10,000 over 2 years at a rate of 3.8% p.a. (fixed) you will repay £433.07 per month & £10,393.68 in total.
Sainsbury's Bank Standard Medium Loan (4-5 Yrs) Ex/C
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£7,500 to £15,0003.9% APR
(£7,500 to £15,000)
4 years to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 3.9% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 3.9% p.a. (fixed) you will repay £225.04 per month & £10,801.92 in total.
Sainsbury's Bank Medium Loan (1-5Yrs) Non Nectar
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£7,500 to £15,0003.9% APR
(£7,500 to £15,000)
1 year to 5 years
Representative Example: The Representative APR is 3.9% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 3.9% p.a. (fixed) you will repay £225.04 per month & £10,801.92 in total.
Sainsbury's Bank Shopper Reward Med Loan (1-3 Yrs) Ex/C
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£7,500 to £15,0004.1% APR
(£7,500 to £15,000)
1 year to 3 years
Available to existing customers only.
Representative Example: The Representative APR is 4.1% APR (fixed) so if you borrow £10,000 over 2 years at a rate of 4.1% p.a. (fixed) you will repay £434.36 per month & £10,424.64 in total.
Sainsbury's Bank Shopper Reward Med Loan (4-5 Yrs) Ex/C
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£7,500 to £15,0004.2% APR
(£7,500 to £15,000)
4 years to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 4.2% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 4.2% p.a. (fixed) you will repay £226.33 per month & £10,863.84 in total.
Sainsbury's Bank Standard Small Loan (£5K-£7499) (1-3 Yrs)
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£5,000 to £7,4995.3% APR
(£5,000 to £7,499)
1 year to 3 years
Representative Example: The Representative APR is 5.3% APR (fixed) so if you borrow £5,000 over 2 years at a rate of 5.3% p.a. (fixed) you will repay £219.75 per month & £5,274 in total.
Sainsbury's Bank Standard Small Loan (£5K-£7499) (4-5 Yrs)
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£5,000 to £7,4995.4% APR
(£5,000 to £7,499)
4 years to 5 years
Representative Example: The Representative APR is 5.4% APR (fixed) so if you borrow £5,000 over 4 years at a rate of 5.4% p.a. (fixed) you will repay £115.76 per month & £5,556.48 in total.
Sainsbury's Bank Small Loan (£5K-£7499) (1-5 Yrs) Non Nectar
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£5,000 to £7,4995.4% APR
(£5,000 to £7,499)
1 year to 5 years
Representative Example: The Representative APR is 5.4% APR (fixed) so if you borrow £5,000 over 4 years at a rate of 5.4% p.a. (fixed) you will repay £115.76 per month & £5,556.48 in total.
Sainsbury's Bank Shopper Reward Small Loan (1-3Yrs) Ex/C
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£5,000 to £7,4995.7% APR
(£5,000 to £7,499)
1 year to 3 years
Available to existing customers only.
Representative Example: The Representative APR is 5.7% APR (fixed) so if you borrow £5,000 over 2 years at a rate of 5.7% p.a. (fixed) you will repay £220.60 per month & £5,294.40 in total.
Sainsbury's Bank Standard Large Loan (2-3 Yrs)
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£15,001 to £25,0005.8% APR
(£15,001 to £25,000)
2 years to 3 years
Available to existing customers only.
Representative Example: The Representative APR is 5.8% APR (fixed) at a rate of 5.8% p.a. (fixed)
Sainsbury's Bank Shopper Reward Small Loan (4+ Yrs) Ex/C
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£5,000 to £7,4995.8% APR
(£5,000 to £7,499)
4 years to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 5.8% APR (fixed) so if you borrow £5,000 over 4 years at a rate of 5.8% p.a. (fixed) you will repay £116.63 per month & £5,598.24 in total.
Sainsbury's Bank Standard Large Loan (4-5 Yrs) Ex/C
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£15,001 to £25,0005.9% APR
(£15,001 to £25,000)
4 years to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 5.9% APR (fixed) at a rate of 5.9% p.a. (fixed)
Sainsbury's Bank Standard Large Loan (5+ Yrs) Ex/C
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£15,001 to £25,0005.9% APR
(£15,001 to £25,000)
61 months to 7 years
Available to existing customers only.
Representative Example: The Representative APR is 5.9% APR (fixed) so if you borrow £20,000 over 7 years at a rate of 5.9% p.a. (fixed) you will repay £289.74 per month & £24,338.16 in total.
Sainsbury's Bank Standard Medium Loan (5+ Yrs) Ex/C
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£7,500 to £15,0005.9% APR
(£7,500 to £15,000)
61 months to 7 years
Available to existing customers only.
Representative Example: The Representative APR is 5.9% APR (fixed) at a rate of 5.9% p.a. (fixed)
Sainsbury's Bank Medium Loan (5+ Yrs) Non Nectar
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£7,500 to £15,0005.9% APR
(£7,500 to £15,000)
6 years to 7 years
Representative Example: The Representative APR is 5.9% APR (fixed) at a rate of 5.9% p.a. (fixed)
Sainsbury's Bank Large Loan Non-Nectar
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£15,001 to £25,0005.9% APR
(£15,001 to £25,000)
1 year to 7 years
Representative Example: The Representative APR is 5.9% APR (fixed) at a rate of 5.9% p.a. (fixed)
Sainsbury's Bank Shopper Reward Large Loan (2-3Yrs) Ex/C
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£15,001 to £25,0006.4% APR
(£15,001 to £25,000)
2 years to 3 years
Available to existing customers only.
Representative Example: The Representative APR is 6.4% APR (fixed) at a rate of 6.4% p.a. (fixed)
Sainsbury's Bank Shopper Reward Large Loan (4+ Yrs) Ex/C
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£15,001 to £25,0006.5% APR
(£15,001 to £25,000)
4 years to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 6.5% APR (fixed) at a rate of 6.5% p.a. (fixed)
Sainsbury's Bank Standard Xtra Large Loan (2-3 Yrs)
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£25,001 to £35,0006.8% APR
(£25,001 to £35,000)
2 years to 3 years
Representative Example: The Representative APR is 6.8% APR (fixed) at a rate of 6.8% p.a. (fixed)
Sainsbury's Bank Standard Xtra Large Loan (4-5 Yrs)
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£25,001 to £35,0006.9% APR
(£25,001 to £35,000)
4 years to 5 years
Representative Example: The Representative APR is 6.9% APR (fixed) at a rate of 6.9% p.a. (fixed)
Sainsbury's Bank Xtra Large Loan Non-Nectar
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£25,001 to £35,0006.9% APR
(£25,001 to £35,000)
2 years to 5 years
Representative Example: The Representative APR is 6.9% APR (fixed) at a rate of 6.9% p.a. (fixed)
Sainsbury's Bank Standard Small Loan (£3K-£4999) (1-3 Yrs)
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£3,000 to £4,99912.2% APR
(£3,000 to £4,999)
1 year to 3 years
Representative Example: The Representative APR is 12.2% APR (fixed) at a rate of 12.2% p.a. (fixed)
Sainsbury's Bank Standard Small Loan (£3K-£4999) (4-5 Yrs)
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£3,000 to £4,99912.3% APR
(£3,000 to £4,999)
4 years to 5 years
Representative Example: The Representative APR is 12.3% APR (fixed) at a rate of 12.3% p.a. (fixed)
Sainsbury's Bank Standard Small Loan (£1K-£2999) (1-3 Yrs)
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£1,000 to £2,99918.4% APR
(£1,000 to £2,999)
1 year to 3 years
Representative Example: The Representative APR is 18.4% APR (fixed) so if you borrow £2,000 over 2 years at a rate of 18.4% p.a. (fixed) you will repay £89.01 per month & £2,136.24 in total.
Sainsbury's Bank Standard Small Loan (£1K-£2999) (4-5 Yrs)
Loan TypeLoan AmountRepresentative APRLoan Term
Unsecured£1,000 to £2,99918.5% APR
(£1,000 to £2,999)
4 years to 5 years
Representative Example: The Representative APR is 18.5% APR (fixed) at a rate of 18.5% p.a. (fixed)

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Sainsbury's Bank Loan Reviews

Sainsbury's Personal Loan

by yellowtulip, 23 Feb 2012
Flexibility to pay back part or all of the loan early if you wish to.
Recommended by yellowtulip

The Sainsbury's loan is a competitive rate (9.7% for me), was easy to apply for and the loan documentation was clear. I reapplied for this loan to incorporate another debt thereby increasing the loan amount but enabling me to have one payment a month so easier to manage. There was no problem with me taking out the new loan and it all went through smoothly. To avoid the cost of a courrier for the paperwork (a service they offer), just opt for first class post as the paper will still reach you swiftly.

Customer Service:
Excellent
Flexibility & Fairness:
Excellent
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


Sainsburys Loans are easy to set up

by Malarin, 3 Jul 2013
Main form filled online
Letter sent out to sign was late.
Recommended by Malarin

I found this set up very easy and had the advice from Customer Services. Had to chase the money a bit though to get it in the bank because of clerical errors.

Customer Service:
Excellent
Flexibility & Fairness:
Excellent
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


sainsburys loan

by traceychud5on, 24 Feb 2012
APR is competitive
Recommended by traceychud5on

Easy to set up and possible to change. The no payment for three months rule at the start helps too! I'd recommend.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Average, could be better


Terrible (Loan Service)

by tongp69, 8 Feb 2014
Good offers
Terrible implementation

Decided to give Sainsburys Bank a go for a 10k loan because it was offering 4.6% over 5 years compared to my lloyds banks 6.4%. It was mostly to consolidate some debts and a little extra to buy a television. Next thing I know I have some sainsburys guy calling me and arguing about whether my TV would cost 500 or a 1000! I said I did not know I had not looked yet and he said 'well, which is it? Were not giving you money to sit in your bank account." I suppose he thought it was free money and that i would not have to pay it back... with interest. That was enough for me, dumped them, used my banks online application and had the money in my account in less than three minutes. Poor.

Customer Service:
Terrible
Flexibility & Fairness:
Terrible
Product Features:
Excellent
Value For Money:
Terrible


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