Sainsbury’s Bank Announces New Personal Loan Rate Of 5.2% Apr Representative On Loans Between £7.5k And £15,000

04 November 2013

Sainsbury’s Bank has reduced its Shopper Reward Loan rate to 5.2% APR(1) Representative for loans between £7,500 and £15,000 until 3pm on 18th November. Available to Sainsbury’s shoppers applying with a Nectar card, those seeking a loan can apply via Sainsbury’s Bank’s website and a number of aggregator sites.




Total Repayment

Double Nectar reward

5,000 bonus points (standard value)

Sainsbury’s Bank Shopper Reward Loan



£50 weekly shop =Additional points worth up to £52
£100 weekly shop =

Additional points worth up to £104

Worth up to £25

Analysis of MSM data correct at 31/10/2013

For those who regularly shop in Sainsbury’s and enjoy the benefits of earning Nectar points, the supermarket bank is also providing 5,000 bonus points(2) and double Nectar points for two years(3). The total reward offer makes for a compelling package for the Sainsbury’s shopper(4).  Indeed, when combining the benefit of the bonus points and the double Nectar reward, based on a £50 weekly shop, over two years shoppers could earn points worth up to £77 and £129 based on a £100 weekly shop. With a total repayment of £8,303 on a loan of £7,500 over four years, having this money back in your pocket will make a big difference in terms of making your money go further.

In addition to competitive rates, customers taking out a Sainsbury’s Bank loan benefit from:


For further information on Sainsbury’s Bank Loans log onto  or pick up a leaflet in-store at Sainsbury’s.


For further information, please contact:
Tom Wilson, Citigate Dewe Rogerson on 0207 282 2842
Lorna Gilmour, Sainsbury’s Bank on 0131 338 2863


Notes to editors:


(1)   Rates correct on date of issue 4/11/13

(2)   Offer only available to customers applying for a new loan. The application must be accepted & the loan paid out to qualify for 5,000 Nectar points and double Nectar points.

Offer only available to Sainsbury’s shoppers with a Nectar card which has been swiped in-store or online in the last 6 months. We may check your Nectar account to verify this. You must enter your Nectar card number at the time of application.

The loan must be for an amount between £7,500 and £15,000 and must be taken over a period of between 12 and 60 months.

5,000 Nectar points will be added to your Nectar account within 60 days of agreement commencing.

If you miss any repayments, double points will stop at the end of the month this happens and will not be re-instated, even if the loan is brought back up to date.

If the loan is repaid, double points will stop from the date of repayment.

Only the first loan registered against each Nectar account will qualify for double points. You may qualify for additional points by taking out other qualifying products.

Base points on qualifying spend in Sainsbury’s will be collected as normal. A bonus equal to the total of these points each calendar month (subject to a monthly maximum of 2,500 points) will be credited to the Nectar account by the 10th of the following month, for up to 24 months from the date the loan is paid out. Excludes all bonus point offers from Sainsbury’s Energy, Telecoms, Digital, Bank, Diets and all other Sainsbury’s services.

The monthly bonus will only be calculated on, and credited to the Nectar card nominated at the time of application. The nominated card must also be used at the time of each Sainsbury’s purchase and points will not be allocated retrospectively.

The collection and use of Nectar points in the Nectar loyalty programme is governed by the Nectar Collector Rules set out in the registration pack and available at

Sainsbury’s Bank reserves the right to alter, cancel or withdraw the offer without prior notice.

Any loans subsequently cancelled within 14 days of opening will be ineligible.

(3)   Analysis of MSM data correct at 31/10/2013