The Financial Blog

Sainsbury’s bank have cut their personal loan rate to 6.5 per cent Typical APR today, this is for loans of £7,000 to £25,000.

This is now one of the most competitive loan rates in the market, in some instances by over 4 per cent Typical APR. Bearing this in mind it would make sense to check out unsecured loan rates using a financial comparison website before you commit to applying for a loan.

Perhaps one of the more attractive benefits of the Sainsbury’s personal loan is the repayment holiday – you can choose to make no repayments for the first 3 months, get an instant decision if you apply online and get a cheque delivered within 24 hours! Sounds good if you’re looking to consolidate Christmas debt in the New Year.

The 6.5 per cent Typical APR will be dependant on your credit rating and is a limited offer, although I can’t find any specific dates the rate will last until! Take a look at Sainsburys Bank.

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This entry was posted on Tuesday, December 18th, 2007 at 4:58 pm and is filed under Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.