Sainsburys 7.9% personal Loan offer soon to be withdrawn

Sainsbury’s Finance are offering 7.9% rates for a personal loan, however this offer only lasts until 26th January.

Sainsburys personal loansA Sainsbury’s personal loan is available at 7.9% APR Typical for Sainsbury’s shoppers with a Nectar card applying for loans between £7,500 and £15,000. Nectar card holders applying for a loan will also benefit from double Nectar points on their shopping for two years.

Customers taking out this loan also benefit from a repayment period form 1 to 7 years, fixed repayments for the whole period of the loan and an instant decision during the application process.

The average personal loan rate is 10.4% for unsecured loans between £7,500 and £15,000, according to MoneyExpert.com, so the offer from Sainsbury’s is definitely worth considering.

Borrowers should be aware that the 7.9% rate from Sainsbury’s is only available until Tuesday 26th January, however.

Steven Baillie, Head of Loans, Sainsbury’s Finance, said: “Anybody considering a loan needs to move fast now to take advantage of this offer. All of our loans customers enjoy one of the most competitive rates available and those who shop at Sainsbury’s will be rewarded further, with double Nectar points on their shopping for two years.”

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