Good3.9

88% of customers recommended from 24 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 (1-5Yrs) Non-Nectar
Loan Type
Unsecured
Loan Amount
£7,500 to £15,000
Representative APR
3.7% APR
(£7,500 to £15,000)
Loan Term
1 year to 5 years
Low rates for Sainsbury's shoppers £7,500-£15,000. 3.7% APR Representative
Representative Example: The Representative APR is 3.7% APR (fixed) so if you borrow £10,000 over 5 years at a rate of 3.7% p.a. (fixed) you will repay £182.54 per month & £10,952.40 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
4.8% APR
(£5,000 to £7,499)
Loan Term
1 year to 5 years
Representative Example: The Representative APR is 4.8% APR (fixed) so if you borrow £5,000 over 5 years at a rate of 4.8% p.a. (fixed) you will repay £93.66 per month & £5,619.60 in total.
Sainsbury's Bank Personal Loan Med (5+Yrs) Non-Nectar
Loan Type
Unsecured
Loan Amount
£7,500 to £15,000
Representative APR
5.6% APR
(£7,500 to £15,000)
Loan Term
6 years to 7 years
Representative Example: The Representative APR is 5.6% APR (fixed) so if you borrow £10,000 over 7 years at a rate of 5.6% p.a. (fixed) you will repay £143.52 per month & £12,055.68 in total.
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) 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 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) so if you borrow £30,000 over 5 years at a rate of 6.9% p.a. (fixed) you will repay £589.67 per month & £35,380.20 in total.
Sainsbury's Bank Personal Loan (Nectar Card)
Loan Type
Unsecured
Loan Amount
£1,000 to £35,000
Representative APR
3.6% APR
(£7,500 to £15,000)
Loan Term
1 year to 7 years
Available to existing customers only.
Representative Example: The Representative APR is 3.7% APR (fixed) so if you borrow £10,000 over 5 years at a rate of 3.7% p.a (fixed) you will repay £182.54 per month & £10,952.40 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.

Sainsbury's Personal Loan

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & 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 , 23 Feb 2012 report review

Sainsburys Loans are easy to set up

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & 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 , 3 Jul 2013 report review

Poor Process and not what it seems..

Poor

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Applied for £15000 loan for car purchase. Comparison websites show that I could expect a 'Representative' APR of from 3.7%. This appears to be the cheapest on-line! I already have nectar card and I have a good credit rating. How bad could this be I thought? I applied on-line on a Saturday night, and waited with eager anticipation... It took until the Tuesday to get an e-mail to be told I had 'Been approved In Principle' but 'you have not received our representative APR'. (But I was still not told the offered figure.) I hadn't in all honesty expected to get 3.7% but expected something near or at least 'low'. (Although they are supposed to give it to 51% of applications!) What I didn't expect was, I wouldn't find out my actual APR until I received my offer in the post. That was bad enough, however, It took until the following Saturday for them to give me an excited letter that offered me 4.7% APR! What??? Really Sainsbury's? I feel totally misled. Lowest APR (searchable) ends up with me getting a quite high rate offered. Even if I didn't get the 'actual' advertised, I at least expected a 'low' one. On top of that it took 6 days to tell me! Useless! BIG MASSIVE FAIL Sainsbury's! I have now applied on-line elsewhere to get an immediate guaranteed offer lower than that. Anyone reading this, please don't have high expectations with them as I feel that they have really insulted me with poor service and a rubbish offer.

by , 4 months ago report review

sainsburys loan

Good

  • Customer Service

  • Value for Money

  • Flexibility & 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 , 24 Feb 2012 report review

Good deals at stains bury

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by everforever

Good apr and very easy to set up online.

Good online service

by , 20 Jul 2013 report review

sainsburys bank loan

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by donnah9

Easy to set up, got a good interest rate

easy to set up

having to pay back!

by , 20 Jul 2013 report review

Sainsbury's Bank Loans - happy enough

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by Monkeyhanger

no problems so far.

by , 3 Jul 2013 report review

Sainsbury's Bank

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by LislH

Easy to apply and reasonable interest rate.

Easy to apply

by , 27 Jun 2013 report review

good customer service, patient and helpful

Good

  • Customer Service

  • Value for Money

  • Flexibility & 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 , 27 Jun 2013 report review

Does as promises

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by jpcope

Fair rate of apr

by , 18 Jun 2013 report review

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