Key benefits
We offer some of the UK's best personal loan rates
Sainsbury's shoppers with a Nectar card could get a great rate of 7.2% 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 Bank loan
- Online offer rate of 7.2% APR representative** on loans from £15,001 - £25,000
- Price Promise - if you're offered a better rate on a like-for-like loan elsewhere, we'll beat it†
- Choose to repay from 2-7 years
- Choose to pay over 2-3 years and the rate could be as low as 7.1% APR
- Option of a two month repayment holiday at the start of the loan#
Representative example
The following information is a representative example based on borrowing £20,000 for 60 months. The actual rate we offer may be higher depending on your personal circumstances, credit assessment procedures and other related factors. This example is based on a Sainsbury's shopper with a Nectar card.
| Monthly repayment | Number of repayments | Total amount repayable | Representative APR | Annual Interest Rate (fixed) |
|---|---|---|---|---|
| £395.77 | 60 | £23,746.20 | 7.2% | 7.20% p.a. |
Double Nectar points and gift card promotions do not apply to this offer. Different rates apply if you don't have a Nectar card. The rate you are offered will depend on your personal circumstances, credit assessment procedures and other related factors.
What if I do not have a Nectar card?
If you're an existing loan customer, please call 0800 055 6739***
Already got a Sainsbury's Bank loan and need to borrow more?
If you already have a loan with Sainsbury's Bank and are looking to borrow more, we can help.
***Different rates may apply for existing customers. Lines are open 8.00am - 10.00pm Mon - Fri, 8.30am - 6.00pm, on Sat, 9.30am - 5.30pm on Sun. Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline only.
How to apply
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 between 18 and 80 years old and less than 83 when the loan is repaid
- 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
- And in paid employment, self-employed or retired with a pension
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.
We'll run a credit check based on the details you've provided. Once you're approved, we'll send you your completed application form for you to sign#.
Missing payments could have severe 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.
Key Information
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.
| Representative APR | Representative 7.2% APR |
| APR ranges | Loan size range: £15,001 to £25,000 APR range from 7.1% to 12.1% |
| 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. If you take a Repayment holiday, 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 7 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 |
| 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: £40; 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. 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. |
| 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 Bank 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 |
| Representative example | Annual Interest Rate (fixed) is 7.20% p.a., with a representative 7.2% APR based on borrowing £20,000 and repaying over 60 months with 60 monthly repayments. Monthly repayments of £395.77 with total amount repayable of £23,746.20. |
Offer Ts & Cs
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.
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.
Get in touch
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 | +44 1383 847 088* |
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.
#Interest will be charged between the start of your loan and your first repayment.
Our Price Promise Guarantee means that if you are offered a "like for like" loan that has a lower APR (Annual Percentage Rate) with another lender we will beat it. This is subject to you qualifying for the Offer and you must not have already accepted our Standard Loan offer by signing and returning the Sainsbury's Loan agreement.
- Carefully read the Price Promise Guarantee terms and conditions
- Send a copy of the competitor loan agreement/ formal offer in the same name as your Sainsbury's loan to the address below.
- Remember to quote your Sainsbury's loan agreement number.
Claims Address
Sainsbury's Loans
Price Promise Guarantee Claims
Loans Product Team
Haston House
Redheughs Rigg
Edinburgh
EH12 9DQ
Price Promise Guarantee Terms and Conditions:
- The Price Promise Guarantee ("the Offer") is only available to individuals who successfully apply for (and subsequently open) a Sainsbury's Standard Loan (“the Loan”).
- The offer does not apply to any Sainsbury's Shopper Reward Loans.
- Claims under the Offer must be received within 28 days after the Sainsbury's Loan has been approved.
- Claims under the Offer will not be accepted after the Sainsbury's Loan offer has been accepted by signing and returning the Sainsbury's Loan agreement.
- You must provide us with a written offer from the other lender in the same name as the Loan offered by Sainsbury's. In most cases a photocopy of the loan agreement will suffice but we may ask you to provide the original agreement. If you provide an original document, we will return this to you within 5 days of assessing your claim. Photocopies will not be returned and will be securely destroyed by us. Sainsbury's will verify the validity of your claim within 5 business days of receiving your request and notify you of the result.
- A “Lower rate” means a lower Annual Percentage Rate (APR) of an alternative unsecured, fixed rate loan from a lender, compared on a “like for like” basis. We will assess “like for like” based on features such as, but not limited to, length of loan, fixed loan amount, repayment structure (including interest and set up fees (if any).
- The Lower rate must be available to the general public and be verifiable by Sainsbury's. The Lower rate must have been offered and must still be available to you at the time of the claim.
- The Offer does not apply to the following rate or loan types:
- Loans where the funds are not available for immediate use
- Discount rates offered only to members of groups or individuals who meet previously specified criteria;
- Rates that are not immediately available, promotions that are not at everyday rates and products which are sold under different terms and conditions, such as special financing (i.e. dealer loans, promotional loans for specific goods);
- Loans that are secured on land, investments or goods.
- Any personal products being charged interest at a variable rate;
- Any personal and non personal loan type products including but not limited to lease, contract hire, hire purchase or conditional sale agreements;
- Loan agreements where interest has been temporarily or permanently suspended (including deferred payments and 0% loans for an initial period);
- Loan agreements where the funds are to support periods of study, or the period immediately following completion of studies (for example, student loans or graduate loans).
- If your claim is successful we will reduce the APR on your Sainsbury's Loan to below that of the alternative lender by 0.1%. e.g. If the alternative lender formally offers you a rate of 6.9% APR, your claim is successful and 6.9% APR is lower than our rate offered we will reduce our offer rate to 6.8% APR
- We reserve the right to modify or cancel the Offer at any time without prior notice.
