expanded Loan Calculator

Loan Calculator

Whether you're planning on some home improvements, replacing your car or simply getting your finances in order, a loan from Sainsbury's Bank could be more affordable than you think. Use our calculator below to find our ideal loan for you. All quotations given are for illustrative purposes only.

3. Are you a Nectar member? Nectar Logo

If you are a Nectar member, you'll qualify for our lowest rates. It'll also help us assess your application.

4. Would you like a two month repayment holiday at the start of your loan?

Choose whether to pay your loan for the first two months or not. Interest will be charged between the start date of your loan and your first repayment.

Calculator result

Monthly repayment


Total repayable


Illustrative APR


Length of Loan


Loan amount


Annual interest rate (Fixed)


Credit subject to status. The rate you may be offered will depend on your personal circumstances, credit assessment procedures and other related factors.

Representative Example

You could borrow £10,000 over 60 months with 60 monthly repayments of £179.07. The total amount repayable will be £10,744.20. Representative 2.9% APR, annual interest rate (fixed) 2.9%.

Representative APR applies to loans of £7,500 – £25,000 up to 5 years for Nectar members.

More information about our Personal loans

We treat all our customers and their applications on an individual basis. The APR we offer is determined by the details you supply and the loan you are applying for, along with an independent verification of your credit and repayment history and will range from 2.9% to 24.9% APR.

Will I be approved?

Will I be approved?

If you're concerned about being accepted for a loan, our softsearch tool will provide you with a likelihood of approval with Sainsbury's Bank.

A softsearch won't affect your credit profile and differs from a full credit search. Please note that the softsearch tool does not take into account whether your personal circumstances mean you can afford the loan. This may impact your eligibility for a loan and the rate you are actually offered.

Eligibility criteria

Before you apply, please check and see if you meet the criteria listed below:

You should:

  • Be at least 18 years old and less than 80 at time of application. You should be less than 83 when the loan is due to be repaid
  • Have a UK-based bank or building society account that can accept Direct Debits. If you are applying for a joint loan the first named applicant must be named on this bank account
  • Have a permanent UK address
  • Be in permanent paid employment, self-employed or retired with a pension
  • Have a gross annual income of over £7,500 (see what incomes we don't accept)
  • Not have a history of County Court Judgments or bankruptcy

Please note, we do not lend for any of the following purposes: (check all lending exclusions)

  • Business purposes, purchase or deposit for a property, investment or gambling

Please read the Statement of Lender and Borrower Responsibilities which sets out our key responsibilities and what we ask of you in relation to your loan.

Before you apply

To make it easier for you, please have these to hand when you're ready to apply:

  • Your residential address for the past three years
  • Your sort code and account number
  • Details of your monthly incomings and outgoings
  • Your employer's name and address
  • Your Nectar card number, if you have one

Support with your application

We want to provide you with the right level of support throughout your application. If there is anything that could affect your ability to understand the application you are making today, please call us. We'll be able to discuss your needs and offer suitable support.

Change of circumstances

We want to make sure that you can afford your new loan. If you are aware of any likely change to your circumstances during the term of your loan that could increase your expenditure or reduce your income please contact us to apply. Things to consider could be a reduction in your working hours, retirement, maternity /paternity leave or any increase in your living costs such as rent or mortgage payments.

Lines are open: Mon - Fri 8am-10pm, Sat 8.30am-6pm and Sun 9.30am-5.30pm. Telephone calls may be recorded for security purposes and monitored under our quality control procedures.

Please make sure you key all your information as accurately as possible and check that it is correct at each stage of your application. Wrong information may cause delay and could ultimately affect our decision to approve your loan.

Will I be approved

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Top up
your loan

Top up your loan

Already have a loan with Sainsbury’s Bank? You could be eligible to borrow more.

If you've already got a personal loan from Sainsbury's Bank and your financial needs have changed, topping up your existing loan could be the answer. We offer two ways to top up your loan.

Option 1

  • Top up your existing loan and repay over a longer term.
    You’ll need to pay up to 58 days’ interest to settle your current loan early. You’ll also pay extra interest as we’ll extend your loan term and amount.

Option 2

  • Take out a second loan at our current interest rate, to run alongside your existing loan at its original interest rate.

Call us on 0800 096 0543 to discuss your options. We’re open Monday to Friday 8am–10pm, Saturday 8.30am–6pm and 9.30am–5.30pm on Sundays. Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline and from a mobile when calling from the UK.

These options aren’t guaranteed offers and you’ll be subject to the normal application process. The rate we offer on the new loan could be higher than your existing loan and will depend on your personal circumstances, credit assessment and other related factors.

Tools and

Tools and Guides

Guide to personal loans – A thorough look at personal loans, including factors to consider when choosing a loan and the application process.

Guide to early repayments – A look at options available to you should you wish to repay your loan early.

Guide to overpayments – How to increase your monthly loan repayments.

Loan application checklist – Things to bear in mind when applying for a loan, such as how much to borrow and understanding your credit score.

Applying for a loan online – Tips on how to apply for a loan online.

Glossary – A list of common terms you might come across when applying for, or managing, a loan.

Guide to managing your credit score – How to look after your credit score, including information on how your score is compiled, how it affects you and a look at credit reference agencies.

Can I afford a loan? – How to decide whether a loan is the right choice for you.

Guide to switching loans – Information on different types of loans, interest and consolidation loans.

Loans for weddings – Preparing for your big day? Take a look at how a loan could help you pay for some or all of your wedding costs.

Guide to buying a car – Things to consider when looking to buy a new car.

Planning your financial future – A detailed guide to savings, budgeting and credit.

Getting married abroad – How to plan an overseas wedding, with information on choosing a venue, paperwork that might need to be completed, and deciding on a budget.

Practical guide to better budgeting – Tips on how to cut costs and start saving.

Holiday planning guide – How to plan the perfect trip.

improvement loans

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