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 Medium Loan (1-5Yrs) Non Nectar | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||
---|---|---|---|---|---|

Unsecured | £7,500 to £15,000 | 4.0% (£7,500 to £15,000) | 1 year to 5 years | ||

Representative Example: The Representative APR is 4% (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 Standard Small Loan (£5K-£7499) (4-5 Yrs) | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £5,000 to £7,499 | 5.4% (£5,000 to £7,499) | 4 years to 5 years | ||

Representative Example: The Representative APR is 5.4% (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 Standard Medium Loan (5+ Yrs) Ex/C | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £7,500 to £15,000 | 6.0% (£7,500 to £15,000) | 61 months to 7 years | ||

Available to existing customers only. | |||||

Representative Example: The Representative APR is 6.0% (fixed) so if you borrow £10,000 over 7 years at a rate of 6.0% p.a. (fixed) you will repay £145.32 per month & £12,206.88 in total. | |||||

Sainsbury's Bank Standard Large Loan (5+ Yrs) | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £15,001 to £25,000 | 6.6% (£15,001 to £25,000) | 61 months to 7 years | ||

Representative Example: The Representative APR is 6.6% (fixed) so if you borrow £20,000 over 7 years at a rate of 6.60% p.a. (fixed) you will repay £296.10 per month & £24,872.40 in total. | |||||

Sainsbury's Bank Standard Medium Loan (1-3 Yrs) Ex/C | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £7,500 to £15,000 | 3.9% (£7,500 to £15,000) | 1 year to 3 years | ||

Available to existing customers only. | |||||

Representative Example: The Representative APR is 3.9% (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 Standard Medium Loan (4-5 Yrs) Ex/C | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £7,500 to £15,000 | 4.0% (£7,500 to £15,000) | 4 years to 5 years | ||

Available to existing customers only. | |||||

Representative Example: The Representative APR is 4% (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 Shopper Reward Med Loan (1-3 Yrs) Ex/C | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £7,500 to £15,000 | 4.2% (£7,500 to £15,000) | 1 year to 3 years | ||

Available to existing customers only. | |||||

Representative Example: The Representative APR is 4.2% (fixed) so if you borrow £10,000 over 2 years at a rate of 4.2% p.a. (fixed) you will repay £434.79 per month & £10,434.96 in total. | |||||

Sainsbury's Bank Shopper Reward Med Loan (4-5 Yrs) Ex/C | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £7,500 to £15,000 | 4.3% (£7,500 to £15,000) | 4 years to 5 years | ||

Available to existing customers only. | |||||

Representative Example: The Representative APR is 4.3% (fixed) so if you borrow £10,000 over 4 years at a rate of 4.3% p.a. (fixed) you will repay £226.77 per month & £10,884.96 in total. | |||||

Sainsbury's Bank Standard Small Loan (£5K-£7499) (1-3 Yrs) | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £5,000 to £7,499 | 5.3% (£5,000 to £7,499) | 1 year to 3 years | ||

Representative Example: The Representative APR is 5.3% (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 Small Loan (£5K-£7499) (1-5 Yrs) Non Nectar | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £5,000 to £7,499 | 5.4% (£5,000 to £7,499) | 1 year to 5 years | ||

Representative Example: The Representative APR is 5.4% (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 Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £5,000 to £7,499 | 5.7% (£5,000 to £7,499) | 1 year to 3 years | ||

Available to existing customers only. | |||||

Representative Example: The Representative APR is 5.7% (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 Shopper Reward Small Loan (4+ Yrs) Ex/C | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £5,000 to £7,499 | 5.8% (£5,000 to £7,499) | 4 years to 5 years | ||

Available to existing customers only. | |||||

Representative Example: The Representative APR is 5.8% (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 Medium Loan (5+ Yrs) Non Nectar | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £7,500 to £15,000 | 6.0% (£7,500 to £15,000) | 6 years to 7 years | ||

Representative Example: The Representative APR is 6% (fixed) at a rate of 6% p.a. (fixed) | |||||

Sainsbury's Bank Standard Large Loan (2-3 Yrs) | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £15,001 to £25,000 | 6.5% (£15,001 to £25,000) | 2 years to 3 years | ||

Representative Example: The Representative APR is 6.5% (fixed) so if you borrow £20,000 over 3 years at a rate of 6.5% p.a. (fixed) you will repay £611.29 per month & £22,006.44 in total. | |||||

Sainsbury's Bank Standard Large Loan (4-5 Yrs) | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £15,001 to £25,000 | 6.6% (£15,001 to £25,000) | 4 years to 5 years | ||

Representative Example: The Representative APR is 6.6% (fixed) so if you borrow £20,000 over 5 years at a rate of 6.6% p.a. (fixed) you will repay £390.47 per month & £23,428.20 in total. | |||||

Sainsbury's Bank Shopper Reward Large Loan (2-3Yrs) Ex/C | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £15,001 to £25,000 | 7.1% (£15,001 to £25,000) | 2 years to 3 years | ||

Available to existing customers only. | |||||

Representative Example: The Representative APR is 7.1% (fixed) so if you borrow £20,000 over 2 years at a rate of 7.1% p.a. (fixed) you will repay £894.35 per month & £21,464.40 in total. | |||||

Sainsbury's Bank Shopper Reward Large Loan (4+ Yrs) Ex/C | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £15,001 to £25,000 | 7.2% (£15,001 to £25,000) | 4 years to 5 years | ||

Available to existing customers only. | |||||

Representative Example: The Representative APR is 7.2% (fixed) so if you borrow £20,000 over 5 years at a rate of 7.2% p.a. (fixed) you will repay £395.77 per month & £23,746.20 in total. | |||||

Sainsbury's Bank Standard Small Loan (£3K-£4999) (1-3 Yrs) | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £3,000 to £4,999 | 12.2% (£3,000 to £4,999) | 1 year to 3 years | ||

Representative Example: The Representative APR is 12.2% (fixed) so if you borrow £3,000 over 3 years at a rate of 12.2% p.a. (fixed) you will repay £99.02 per month & £3,564.72 in total. | |||||

Sainsbury's Bank Standard Small Loan (£3K-£4999) (4-5 Yrs) | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £3,000 to £4,999 | 12.3% (£3,000 to £4,999) | 4 years to 5 years | ||

Representative Example: The Representative APR is 12.3% (fixed) so if you borrow £4,000 over 4 years at a rate of 12.3% p.a. (fixed) you will repay £104.66 per month & £5,023.68 in total. | |||||

Sainsbury's Bank Standard Small Loan (£1K-£2999) (1-3 Yrs) | |||||

Loan Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £1,000 to £2,999 | 18.4% (£1,000 to £2,999) | 1 year to 3 years | ||

Representative Example: The Representative APR is 18.4% (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 Type | Loan Amount | Representative APR | Loan Term | ||

Unsecured | £1,000 to £2,999 | 18.5% (£1,000 to £2,999) | 4 years to 5 years | ||

Representative Example: The Representative APR is 18.5% (fixed) so if you borrow £2,000 over 4 years at a rate of 18.5% p.a. (fixed) you will repay £57.81 per month & £2,774.88 in total. |

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

Recommended by yellowtulip

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.

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.

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.

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.