Enjoy some room to move

• 8.0% APR typical for Sainsbury's shoppers with a Nectar card*
• Borrow from £7,500 up to £15,000
• Choose your loan period – from 1 - 7 years

Get on track for the future with an unsecured personal loan

Our medium loan could help towards consolidating your debts or buying a second car.

• Get an instant loan decision
• Enjoy fixed repayments for the whole period of your loan
• Receive your cheque in 24 hours**
• Enjoy no repayments for the first 3 months#

I'm a Sainsbury's shopper with a Nectar card:

I don't hold a Nectar card:

If you do not have a Nectar card you can simply:

• Visit your local Sainsbury's to pick up a pack and fill in the registration form and send it off to the address provided. A Nectar card is included in the pack so you can start using it immediately, however you will need to activate your card online at the Nectar web site.
• Apply online at the Nectar web site.  Registering will only take a few minutes and a card will be sent out to you straight away.

Does this sound like 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:

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#.

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.

I'm a Sainsbury's shopper with a Nectar card:

I don't hold a Nectar card:

Summary Box key information for our medium personal loan from £7,500 to £15,000

Loan size	£7,500 to £15,000 (available in £1 increments)
APR	Typical 8.0% APR for Sainsbury's shoppers with a Nectar Card - If successful the interest rate you will pay is based on your personal circumstances, and the amount you choose to borrow.
Interest rate range	£7,500 - £15,000 from 8.0% to 13.0% representative APR = 8.0%
Interest charging information	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.
Repayment Information	Payment is made by monthly Direct Debit. The first monthly repayment is due one month after the date the loan has been opened, if you opted for the repayment holiday then repayments will start two months after the date the loan was opened. We charge interest between the start of your loan and the first monthly repayment.
Repayment period	You can choose to repay your loan over 1 to 7 years
Amount of loan available	Loans are available from £7,500 to £15,000 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 agreements, up to £49 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 can repay your loan at any time during the repayment period. To do this you need to pay off the amount under this agreement, which may be reduced by a rebate.

Illustrative example

Here are a few examples of what your Medium Personal Loan might look like, depending on the amount of your loan, your loan term, monthly repayments and what your total repayment would be.

 

Loan	Representative APR	Term	Monthly repayment	Total amount repayable
£7,500	8.0%	36 months	£237.26	£8,541.36
£10,000	8.0%	60 months	£204.27	£12,256.20
£12,000	8.0%	60 months	£245.12	£14,707.20

The above figures are based on opting for the 3 month repayment holiday.

The rate you are offered will vary between 8.0% APR and 13.0% APR depending on credit assessment procedures, your personal circumstances and the amount you borrow.

 

How we compare - 8.0% APR Typical

When you're applying for a loan, rate is key. Compare our personal loan rate and see how much you could save.

Lender	APR	60 monthly repayments of	Total amount repayable	Saving over 60 months
Sainsbury's Finance	8.0%	£153.20	£9,192.00
Alliance & Leicester	8.9%	£154.08	£9,244.80	£190.80
The Co-operative Bank	8.9%	£154.46	£9,27.60	£213.60
Marks & Spencer Money	9.9%	£159.92	£9,595.20	£541.20
Post Office	9.9%	£157.43	£9,445.80	£391.80
NatWest	12.9%	£167.60	£10,056.00	£1,002.00
Royal Bank of Scotland	12.9%	£167.60	£10,056.00	£1,002.00

To find out more information about our Personal Loans, give us a call.

To apply	0800 169 8503*
For all other questions	0800 169 8503*
If you’re calling from abroad	0044 1244 358771*

 

Please read our terms and conditions and privacy statement.