How to use this calculator

Use the sliders or type your loan amount and term into the boxes. Remember to let us know if you would like to take a 2 month repayment holiday, and if you have a Nectar card. The calculator will then show the repayments for both our loans. All quotations given are for illustrative purposes only.

Please note that you will pay back less with our Standard product. The Reward product (£5,000 to £25,000) may only benefit you if you spend a certain amount in Sainsbury's stores meaning the value of Nectar points earned more than offsets the higher interest payable.    Find out more 

Step 1 - How much would you like to borrow?

Step 2 - Over how many months?

Interest will be charged between the start date of your loan and your first monthly payment.

Only untick this box if you do not have a Nectar Card. Please note you must provide your Nectar number during the application to qualify for our lowest rates.

Your Loan Calculations

Close

What could double Nectar points be worth to you?

Weekly spend on Sainsbury's shopping

You could collect points worth

over 2 years in addition to the base points you would normally collect.

Double Nectar points offer subject to a monthly maximum of 2,500 points. Offer points cease on closure or early repayment of loan. This figure includes the 5,000 bonus Nectar points.

Shopper
Reward Loan

  • 5,000 bonus Nectar points†
  • Double Nectar points for 2 years†
What could double points be worth?

Find out how likely it is you'll be accepted for this loan without having any impact on your credit profile

Will I be accepted?

This product is only available to Sainsbury's shoppers with a Nectar card, for loans from £5,000 to £25,000 and for terms between 12 and 60 months.

Standard
Loan

  • Price Promise Guarantee^
  • Award winning personal loan

Find out how likely it is you'll be accepted for this loan without having any impact on your credit profile

Will I be accepted?

Please read our Terms & Conditions

Shopper Reward Loan

*APR representative, for Sainsbury's shoppers with a Nectar card which has been swiped instore in the last 6 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. The rate you are offered will depend on your personal circumstances, credit assessment procedures and other related factors. Double Nectar points and bonus point promotions don't apply to Standard Loans. 

Please ensure this product suits your needs and you have considered that it is the right product for you.

†Shopper Reward Loan - Terms & Conditions

  •  Offer only available to customers applying for a new loan. The application must be accepted & the loan paid out to qualify for 5,000 Nectar points and double Nectar points.
  •  Offer only available to Sainsbury's shoppers with a Nectar card which has been swiped in-store or online in the last 6 months. We may check your Nectar account to verify this. You must enter your Nectar card number at the time of application.
  •  The loan must be for an amount between £5,000 and £25,000 and must be taken over a period of between 12 and 60 months.
  •  5,000 Nectar points will be added to your Nectar account within 60 days of agreement commencing.
  •  If you miss any repayments, double points will stop at the end of the month this happens and will not be re-instated, even if the loan is brought back up to date.
  •  If the loan is repaid, double points will stop from the date of repayment.
  •  Only the first loan registered against each Nectar account will qualify for double points. You may qualify for additional points by taking out other qualifying products.
  •  Base points on qualifying spend in Sainsbury's will be collected as normal. A bonus equal to the total of these points each calendar month (subject to a monthly maximum of 2,500 points) will be credited to the Nectar account by the 10th of the following month, for up to 24 months from the date the loan is paid out. Excludes all bonus point offers from Sainsbury's Energy, Telecoms, Digital, Bank, Diets and all other Sainsbury's services.
  •  The monthly bonus will only be calculated on, and credited to the Nectar card nominated at the time of application. The nominated card must also be used at the time of each Sainsbury's purchase and points will not be allocated retrospectively.
  •  The collection and use of Nectar points in the Nectar loyalty programme is governed by the Nectar Collector Rules set out in the registration pack and available at nectar.com.
  • Sainsbury's Bank reserves the right to alter, cancel or withdraw the offer without prior notice.
  •  Any loans subsequently cancelled within 14 days of opening will be ineligible.

Standard Loan

*APR representative, for Sainsbury's shoppers with a Nectar card which has been swiped instore in the last 6 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. The rate you are offered will depend on your personal circumstances, credit assessment procedures and other related factors. Double Nectar points and bonus point promotions don't apply to Standard Loans. 

Please ensure this product suits your needs and you have considered that it is the right product for you.

^Price Promise Guarantee

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.

Multiple credit searches may make obtaining future credit more difficult.

How to make a claim:

  •  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

3 Lochside Avenue

Edinburgh Park

Edinburgh

EH12 9DJ

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 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.

Which product might suit you best

Our Shopper Reward Loan (£5,000 to £25,000) has a slightly higher interest rate than our Standard Loan but offers Double Nectar points for 2 years. You may wish to consider this option if you shop regularly in Sainsbury's stores as the value of Nectar points collected may more than offset the total greater amount repayable due to the higher APR. You may wish to consider Our Standard Loan if you want to minimise your monthly repayments, interest and total amount repayable.
 
To understand which product might suit you best, click on What could double points be worth?  enter your weekly spend on Sainsbury's shopping and compare our two products. Please note that the value of Double Nectar points shown will only be achieved if your weekly estimated Sainsbury's spend that you enter in the calculator is maintained over the two year period. If you don't maintain the estimated level of Sainsbury's shopping spend, the Reward product could prove to be a more expensive option than the Standard product.

We are using cookies on this website to enhance your browsing experience. You can read more information on our cookies by clicking the "Find out more about cookies" button. By continuing your journey on this site you consent to the continued use of cookies.

Find out more about cookies

Continue