Good4

91% of customers recommended from 23 ratings

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.

Compare Sainsbury's Bank Loans

Sainsbury's Bank Personal Loan Med (1-3Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£7,500 to £15,000
Representative APR
3.9% APR
(£7,500 to £15,000)
Loan Term
1 year to 3 years
Available to existing customers only.
Representative Example: The Representative APR is 3.9% APR (fixed) so if you borrow £10,000 over 2 years at a rate of 3.9% p.a. (fixed) you will repay £433.50 per month & £10,404 in total.
Sainsbury's Bank Personal Loan Med (1-5Yrs) Non-Nectar
Loan Type
Unsecured
Loan Amount
£7,500 to £15,000
Representative APR
4.0% APR
(£7,500 to £15,000)
Loan Term
1 year to 5 years
Representative Example: The Representative APR is 4% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 4% p.a. (fixed) you will repay £225.47 per month & £10,822.56 in total.
Sainsbury's Bank Personal Loan Med (4-5Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£7,500 to £15,000
Representative APR
4.0% APR
(£7,500 to £15,000)
Loan Term
4 years to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 4% APR (fixed) so if you borrow £10,000 over 4 years at a rate of 4% p.a. (fixed) you will repay £225.47 per month & £10,822.56 in total.
Sainsbury's Bank Personal Loan Small >=£5K <£7.5K (1-3Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£5,000 to £7,499
Representative APR
5.3% APR
(£5,000 to £7,499)
Loan Term
1 year to 3 years
Available to existing customers only.
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 Personal Loan Small >=£5K <£7.5K (4-5Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£5,000 to £7,499
Representative APR
5.4% APR
(£5,000 to £7,499)
Loan Term
4 years to 5 years
Available to existing customers only.
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 Personal Loan Small >=£5K <£7.5K Non-Nectar
Loan Type
Unsecured
Loan Amount
£5,000 to £7,499
Representative APR
5.4% APR
(£5,000 to £7,499)
Loan Term
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 Personal Loan Large (2-3Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£15,001 to £25,000
Representative APR
5.8% APR
(£15,001 to £25,000)
Loan Term
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 Personal Loan Large (4-5Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£15,001 to £25,000
Representative APR
5.9% APR
(£15,001 to £25,000)
Loan Term
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 Personal Loan Large (5+ Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£15,001 to £25,000
Representative APR
5.9% APR
(£15,001 to £25,000)
Loan Term
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 Personal Loan Large Non-Nectar
Loan Type
Unsecured
Loan Amount
£15,001 to £25,000
Representative APR
5.9% APR
(£15,001 to £25,000)
Loan Term
2 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 Personal Loan Med (5+Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£7,500 to £15,000
Representative APR
6.0% APR
(£7,500 to £15,000)
Loan Term
61 months to 7 years
Available to existing customers only.
Representative Example: The Representative APR is 6% APR (fixed) at a rate of 6% p.a. (fixed)
Sainsbury's Bank Personal Loan Med (5+Yrs) Non-Nectar
Loan Type
Unsecured
Loan Amount
£7,500 to £15,000
Representative APR
6.0% APR
(£7,500 to £15,000)
Loan Term
6 years to 7 years
Representative Example: The Representative APR is 6% APR (fixed) at a rate of 6% p.a. (fixed)
Sainsbury's Bank Personal Loan >£25K <=£35K (2-3Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£25,001 to £35,000
Representative APR
6.8% APR
(£25,001 to £35,000)
Loan Term
2 years to 3 years
Available to existing customers only.
Representative Example: The Representative APR is 6.8% APR (fixed) at a rate of 6.8% p.a. (fixed)
Sainsbury's Bank Personal Loan >£25K <=£35K (4-5Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£25,001 to £35,000
Representative APR
6.9% APR
(£25,001 to £35,000)
Loan Term
4 years to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 6.9% APR (fixed) at a rate of 6.9% p.a. (fixed)
Sainsbury's Bank Personal Loan >£25K <=£35K Non Nectar
Loan Type
Unsecured
Loan Amount
£25,001 to £35,000
Representative APR
6.9% APR
(£25,001 to £35,000)
Loan Term
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 Personal Loan Small >£3K <£5K (1-3Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£3,000 to £4,999
Representative APR
12.2% APR
(£3,000 to £4,999)
Loan Term
1 year to 3 years
Available to existing customers only.
Representative Example: The Representative APR is 12.2% APR (fixed) at a rate of 12.2% p.a. (fixed)
Sainsbury's Bank Personal Loan Small >£3K <£5K (4-5Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£3,000 to £4,999
Representative APR
12.3% APR
(£3,000 to £4,999)
Loan Term
4 years to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 12.3% APR (fixed) at a rate of 12.3% p.a. (fixed)
Sainsbury's Bank Personal Loan Small >£3K <£5K Non-Nectar
Loan Type
Unsecured
Loan Amount
£3,000 to £4,999
Representative APR
12.3% APR
(£3,000 to £4,999)
Loan Term
1 year 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 Personal Loan Small <£3K (1-3 Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£1,000 to £2,999
Representative APR
18.4% APR
(£1,000 to £2,999)
Loan Term
1 year to 3 years
Available to existing customers only.
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 Personal Loan Small <£3K ( 4-5Yrs) Nectar
Loan Type
Unsecured
Loan Amount
£1,000 to £2,999
Representative APR
18.5% APR
(£1,000 to £2,999)
Loan Term
4 years to 5 years
Available to existing customers only.
Representative Example: The Representative APR is 18.5% APR (fixed) at a rate of 18.5% p.a. (fixed)
Sainsbury's Bank Personal Loan Small <£3K Non-Nectar
Loan Type
Unsecured
Loan Amount
£1,000 to £2,999
Representative APR
18.5% APR
(£1,000 to £2,999)
Loan Term
1 year to 5 years
Representative Example: The Representative APR is 18.5% APR (fixed) so if you borrow £2,000 over 2 years at a rate of 18.5% p.a. (fixed) you will repay £98.98 per month & £2,375.52 in total.

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Sainsbury's Bank Loan Reviews

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Got a Sainsbury's Bank loan? Tell us about your experience because it will help others. Add a review.

Terrible (Loan Service)

Poor

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

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.

Good offers

Terrible implementation

by tongp69, 8 Feb 2014 report review

Sainsbury's Personal Loan

Excellent

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

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.

Flexibility to pay back part or all of the loan early if you wish to.

by yellowtulip, 23 Feb 2012 report review

Sainsburys Loans are easy to set up

Excellent

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

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.

Main form filled online

Letter sent out to sign was late.

by Malarin, 3 Jul 2013 report review

sainsburys loan

Good

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

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.

APR is competitive

by traceychud5on, 24 Feb 2012 report review

Good deals at stains bury

Excellent

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by everforever

Good apr and very easy to set up online.

Good online service

by everforever, 20 Jul 2013 report review

sainsburys bank loan

Good

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by donnah9

Easy to set up, got a good interest rate

easy to set up

having to pay back!

by donnah9, 20 Jul 2013 report review

Sainsbury's Bank Loans - happy enough

Good

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by Monkeyhanger

no problems so far.

by Monkeyhanger, 3 Jul 2013 report review

Sainsbury's Bank

Excellent

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by LislH

Easy to apply and reasonable interest rate.

Easy to apply

by LislH, 27 Jun 2013 report review

good customer service, patient and helpful

Good

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by pg012y

would use them again

One of the lowest interest rate on the market

interest rate goes up quite high for loan over £15000

by pg012y, 27 Jun 2013 report review

Does as promises

Good

  • Customer Service

  • Value for Money

  • Flexability & Fairness

  • Product Features

Recommended by jpcope

Fair rate of apr

by jpcope, 18 Jun 2013 report review

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