If you haven't applied for a financial product online before, you may have all sorts of questions running through your head. You might be wondering how safe it is, or what happens if you key a piece of information incorrectly - or that you'd just rather talk to someone.
We've tried to make applying for our loans as straight forward and hassle-free as possible. That's why you'll find clear, simple instructions every step of the way to ensure you're comfortable with every decision you make.
How can I apply?
Online now and get an Instant decision. Or by calling
0800 169 8503* quoting INTNEW. Once you've applied, you'll be sent an agreement to read, sign and return.
How much can I borrow?
Any amount between £1,000 and £25,000
What does APR stand for?
APR typical (Annual Percentage rate) is the interest rate we give to the majority of customers for a particular amount. On occasions we may offer a different APR, based on personal circumstances.
How do you work out if you can have a loan?
We assess applications by using credit scoring. Each piece of information you provide on your application is given a score - which we add up to decide whether we will offer you a loan.
What is a credit search?
A search that assesses your credit history carried out on your name and address. The search is done by a Credit Reference Agency.Our search will be noted against your name to make other lenders aware we have requested information on you.
What is a credit reference agency?
An agency that collates and stores information on individuals in the UK. The details are sourced from lenders such as Credit Card companies, Banks and from other publicly available records.
What can I do if my application is declined?
If you're unhappy with the decision you can write to us. We'll provide you with an explanation as to how your application has been assessed.
You can also get hold of a copy of your credit history from
CAIS (Experian) by sending a cheque for £2.00 to:
Experian Limited
Consumer Help Service
PO Box 8000
Nottingham
NG1 5GX
Or from Insight (Equifax) from the following address:
Equifax (UK) Ltd
Credit File Advice Centre
PO Box 1140
Bradford BD1 5US
Can I apply again if I am declined the first time?
We will be happy to consider another application after a period of 6 months.
How can I improve my credit rating?
- Make sure you're on the electoral register.
Lenders use the electoral register to confirm your name and address.
- Make sure that you and other family members always pay your bills on time. When you apply for credit, a lender will see information relating to you and other family members. This may affect their decision. If you are estranged from your family, you can ask the agency to separate the files.
- Don't keep applying for credit if you have been turned down. All the applications you make appear on your file. If you keep applying and then get turned down, you may look desparate for money, or even worse, as though you're committing fraud.
Once we have approved your application, we'll send your agreement out by first class post. You will need to check all the details and sign the agreement as well as the Direct Debit mandate. You'll also be sent a copy of our terms and conditions, and if you opted for it, details of your Creditcare insurance cover.
When do I get the money?
If your online loan is approved, the money will be transferred directly to your bank account#.
What can I use the loan for?
Your Sainsbury's personal loan can be used for virtually any legal purpose like a new car, holiday, home improvements or debt consolidation. However, we won't give loans for speculative purposes and timeshares.
What if I want to borrow more?
Just give us a call on 0800 096 0543* and we'll happily discuss it.
Can I change my mind?
Yes, you have 14 days to change your mind about your personal loan. If you have opted for Repayment Protection you have 30 days to change your mind about the cover. And if you do decide you no longer want it simply call us on 0800 096 0543* (Mon to Fri 8am - 10pm, Sat 8.30am - 6pm, Sun 9.30am - 5.30pm). If after 30 days you haven't contacted us, you'll be bound by the terms of your loan.
With a Sainsbury's loan you have the flexibility to choose a repayment period that suits you from 12 months to 84 months. Plus, we won't charge you any arrangement fees.
Will my monthly repayments change?
No, our rates are fixed for the term of the loan. Which means once you've arranged it all, your monthly repayments will stay the same regardless of interest rates making it easy to plan ahead.
Can I defer payment?
Yes. We give you the opportunity to take a repayment holiday of 3 months at the start of your loan.
How do I make repayments?
Every month, the money will be taken from your nominated account by Direct Debit and paid into your loan account. So you won't have to worry about posting cheques on time.
Can I choose my monthly repayment date?
After you have made your first repayment simply call us on 0800 096 0543* and let us know your preferred payment date.
How can I find out how much I still have to pay?
If you ever want to find out the outstanding balance of your loan account simply call us on 0800 096 0543.*
can I pay my loan off early?
Yes, you can settle your loan agreement at any time by writing to us and paying the amount you owe under the loan, which may be reduced by a rebate.
#Funds are transferred after our receipt of signed loan documentation and can take up to three days to clear from date of transfer. If you choose the optional courier service an additional amount of up to £50 will be payable 1 month before your first monthly payment. Delivery may take longer for weekend application or in outlying areas.
*Telephone calls may be recorded for security purposes and monitored under our quality control procedures.
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