Loans
£15,001 - £25,000
We offer some of the UK's best personal loan rates
That's why Moneyfacts named us Best Loan Provider 2011. Sainsbury's shoppers with a Nectar card could get a great online rate of 8.1% APR representative* on loans from £15,001 to £25,000 and no annoying set up fees. Just click on the buttons below to see how much you could be saving.
More reasons to take out a Sainsbury's Finance loan
- No set up fees
- Option of a two month repayment holiday at the start of the loan#
- Choose to repay from 1-5 years
- Choose to pay over 1-3 years and the rate could be as low as 8.0% APR
- Fixed repayments for the term of your loan
See how much you could save
| Lender | APR | 60 monthly repayments of | Total amount repayable | Saving over 60 months |
|---|---|---|---|---|
| Sainsbury's Finance | 8.1% | £404.11 | £24,246.60 | |
| Marks & Spencer Money | 9.9% | £419.80 | £25,188.00 | £941.40 |
| Santander | 9.9% | £419.82 | £25,189.20 | £942.60 |
| AA | 9.9% | £421.10 | £25,266.00 | £1,019.40 |
| The Co-operative Bank | 9.9% | £421.10 | £25,266.00 | £1,019.40 |
| NatWest (Existing customers) | 11.9% | £437.85 | £26,271.00 | £2,024.40 |
All figures are based on £20,000 over 60 months. Competitor rates: source Moneyfacts.co.uk - the comparison site you can't afford to ignore - 13/12/11. Competitors quoted may offer lower rates to existing customers, internet or telephone applications or for larger loans.
Double Nectar points and gift card promotions do not apply to this offer.
Different rates apply if you don't have a Nectar Card.
What if I don't have a Nectar card
The rate you are offered will depend on your personal circumstances, credit assessment procedures and other related factors.
Does this sound like you?
Please ensure this product suits your needs and you have considered that it is the right product for you.
- You're 18 years of age or older
- You have a bank or building society account
- You have a permanent UK address
- You have not been declined credit in the past month
- You don't have a history of bad credit such as arrears, county court judgements, payment default or bankruptcy
If so, you're eligible to apply for a personal loan.
What else do you need to apply?
- Your residential address for the past three years
- Your bank or building society details
- Your monthly incomings and outgoings
- Your employer's name and address
- Your Nectar card number if you have one
Please note:
You can repay your loan at any time during the repayment period. If the original length of your loan is more than 12 months an early settlement fee of 58 days interest on your remaining balance will be charged.
By completing and submitting the application you confirm that all the information you've provided is true and complete and that you're at least 18 years of age.
Missing payments could have sever consequences and make obtaining credit more difficult.
For your security
All data sent as part of the application process is protected by 128-bit encryption.
Finally, please read our important information and Privacy Statement before you apply.
#Funds are transferred after our receipt of signed loan documentation and can take up to three days to clear from date of transfer.
Loans from £15,001 to £25,000 - Key information
The information contained in the table below summarises key product features and is not intended to replace any terms and conditions.
| Interest charging information | The interest rate is fixed and guaranteed for the life of the loan. Interest is calculated for the full term of the loan and is applied at the start of the loan |
| Repayment information | Payment is made by monthly Direct Debit. The first monthly repayment is due three months after the date the loan has been opened. We charge interest between the start of your loan and your first monthly repayment |
| Repayment period | You can choose to repay your loan over 2 to 5 years |
| Amount of Loan available | Loans are available from £15,001 to £25,000 in increments of £1 |
| Application / Arrangement fee | There is no application/arrangement fee |
| Other fees | If you choose the optional courier service to receive your loan agreement, the fee will be payable one month before your first repayment |
| Default fees | The following charges will be made if any of the following actions have to be taken: If a Direct Debit is returned unpaid: Up to £25; Letter requesting payment or telephone call to home or business: £10; Pre-default notice: £30; Default expired: £50; Issues of solicitors’ letter, instruction of agency to collect the balance, instruction to solicitor to issue court proceedings or instruction to obtain new address: £50 |
| Early settlement | You have the right to repay all or part of the loan at any time |
| Product | Sainsbury’s Finance Personal Loan |
| lending criteria | Loans are provided, subject to status by Sainsbury’s Bank plc, Tower House, Charterhall Drive, Chester CH88 3AN. Written quotations are available on request. To apply you must be at least 18 and a UK resident (excluding the Channel Islands and the Isle of Man). Rates correct at time of print. Different rates will apply for telephone applications. Sainsbury’s Finance reserves the right to vary rates without notice. The rate you are offered will depend on your personal circumstances, credit assessment procedures and other related factors. Your application will not be considered without your home telephone number |
The interest rate is fixed and guaranteed for the life of the loan and is charged monthly on the balance of your loan account on the day before payment date each month.
To find out more information about our Personal Loans, give us a call.
| To apply | 0800 169 8503* |
| For all other questions | 0800 096 0543* |
| If you’re calling from abroad | 0044 1244 358771* |
Lines are open 8.00am - 10.00pm, Mon - Fri, 8.30am - 6.00pm, Sat, 9.30am - 5.30pm, Sun *Telephone calls may be recorded for security purposes and monitored under our quality control procedures.
You can repay your loan at any time during the repayment period. If the original length of your loan is more than 12 months an early settlement fee of 58 days interest on your remaining balance will be charged.
Price Promise Guarantee Sainsbury's Finance may at certain times, and at its discretion, apply a Price Promise Guarantee to your loan offer. This means that we will match any other competing offer you receive from another lender on an equivalent loan size and term. If your loan application qualifies for the Price Promise Guarantee you will be advised of this by our loans advisor at the end of the application process.
Terms and Conditions 1. Claims must be made within 14 days of the Sainsbury's Loans offer date. 2. The competing loan offer must be a personal offer in writing. 3. The offer must be comparable i.e. for the same loan amount and over the same number of months. 4. We reserve the right to request a copy of the competing offer documentation as verification.
Claims If we do offer a Price Promise Guarantee on your loan and you find another loan which meets the above conditions please call us on 0800 169 8503 . Please quote your Sainsbury's Loan reference number and have your written quote from the other lender to hand. Lines are open Mon – Friday 8am - 10pm, Saturday 8.30am - 6pm, Sunday 9.30am - 5.30pm
Please read our terms and conditions (PDF 63KB) and privacy statement.
Please note: our terms and conditions document will open in a new browser window and may take some time to download depending on your internet connection.
You can download and print the terms and conditions with Adobe Acrobat. Get Adobe Reader.
Representative example
Annual Interest Rate (fixed) is 8.14% p.a., with a representative 8.1% APR based on borrowing £20,000 and repaying over 62 months* with 60 monthly repayments. Monthly repayments of £409.41 with total amount repayable of £24,564.60.
*Term of agreement includes 2 months payment holiday.
Shopper Reward Large Loan £15,001 - £25,000
8.8% APR Representative for Sainsbury's shoppers taking out a loan online.
A great rate with the added benefits of £25 gift card and double Nectar points for 2 years.
Personal loan calculator
Payment Protection
When you take out a loan, it's important to consider your ability to maintain your monthly repayments in full, and on time.
Can we help?
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