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Sainsbury’s Bank Announces New Best Buy Personal Loan Rates

03 July 2012

Sainsbury’s Bank has reduced the rate on its small and medium sized personal loans, keeping it at the top of the best buy tables(1).

The supermarket bank has reduced its rate on personal loans between £7,500 and £15,000 to a best buy 5.9% APR Representative, or 5.8% APR Representative for those choosing to repay their loan between 1-3 years.

Additionally, the rate on personal loans between £5,000 and £7,499 has been reduced to 7.6% APR Representative, or 7.5% APR Representative for those choosing to repay their loan between 1-3 years.

Available to customers with a Nectar card, those seeking a loan can apply over the phone directly to Sainsbury’s Bank, via its website, or from a number of aggregator sites.

David Walker of Sainsbury’s Bank Loans said: “Our rate reductions today once again underline our commitment to providing our customers with quality products and competitive rates.”

Sainsbury’s Bank recently won the prestigious Moneyfacts award for Best Personal Loan Provider at this year’s ceremony.

Customers taking out a Sainsbury’s Bank Loan also benefit from:

For further information on Sainsbury’s Bank Loans call 0800 169 8502, log onto www.sainsburysbank.co.uk  or pick up a leaflet in your Sainsbury’s supermarket.

Ends

For further information, please contact: Ian Morris, Citigate Dewe Rogerson on 0207 282 1037

Notes to editors:

(1) Source: Moneyfacts.

Sainsbury’s Bank:
To view our latest press releases and product information, please visit the Sainsbury’s Bank online media centre atwww.sainsburysbank.co.uk/media

Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury’s Bank provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times.  Our products consistently top Best Buy tables and regularly win awards for quality, price and service.

Sainsbury’s Bank recent awards in 2012 include Best Personal Loan Provider, Consumer Moneyfacts; Best Low Rate Credit Card Provider and Best Credit Card Provider for use abroad (Gold Credit Card), Moneynet; Best Loan Provider, Moneysupermarket Supers.

2011 awards include Best Overall Online Provider, Best Online Pet Insurance Provider, Best Online Personal Loan Provider and Best Direct Home Insurance Provider at the Your Money Awards. It was also named Most Competitive Term Assurance Direct Provider by Moneyfacts.

Sainsbury’s Bank is a joint venture between J. Sainsbury plc and Lloyds Banking Group.

For further information and general Sainsbury’s Bank enquiries, customers can call the freephone number on 0500 40 50 60 or visit www.sainsburysbank.co.uk

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