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Sainsbury’s Bank Continues To Offer Sub 5% Apr Representative Loans Post Rate Sale

18 November 2013

 

Sainsbury’s Bank continues to offer one of the most competitive personal loans rates even after its rate sale has ended, with an APR Representative of 4.9% on Standard loans between £7,500 and £15,000 taken over one to three years.

For customers taking out a Standard loan over four or five years, the rate is 5.0% APR Representative which is more competitive than before Sainsbury’s Bank’s most recent rate sale.

Simon Ranson, Head of Banking at Sainsbury’s Bank said: “We remain committed to offering our customers some of the best rates available in a very competitive market. Testament to this is the fact that our rates remain a best buy even when we are not offering a rate sale.”

For further details of the offer and Sainsbury’s Bank’s loan products please visit www.sainsburysbank.co.uk/loans  or pick up a leaflet in store at Sainsbury’s.

Ends

(1)       Rate correct at date of issue. Customers must have a Nectar card and it must have been swiped instore at Sainsbury’s in the last six months. We may check your Nectar account to verify this. Sainsbury’s Bank reserves the right to vary rates without notice. Different rates apply if you don’t have a Nectar card.

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

Sainsbury’s Bank:

To view our latest press releases and product information, please visit the Sainsbury’s Bank online media centre at www.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.

The Bank has been awarded ‘Personal Loan Provider of the Year’ – Consumer Moneyfacts, ‘Best Loan Provider’ – Money Supermarket Supers and ‘Best Credit Card for Rewards’ – Moneynet and ‘Best Card Provider’ – Moneyfacts.

Sainsbury’s Bank has its own banking licence, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514), except for Credit Cards and Loans where it is licensed by the Office of Fair Trading (OFT) license no. 421897. The Bank has an independent membership to the Financial Services Compensation Scheme.