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Personal Loans

Personal loans

Finance your home renovation, your new car or consolidate debt with our award winning-loans, from £1,000 to £40,000

From 6.1% APR representative for Nectar members

What is a personal loan?

A personal loan is a fixed amount of money you can borrow, which is paid back with interest in monthly instalments, over a set period. You can use a personal loan to pay for a variety of things, including home renovations, buying a car or making a large purchase.

Looking for a bank loan?

Planning a big purchase? Maybe you’re making some home improvements? Perhaps buying a new car? Or consolidating existing debts? It all adds up.  

A Sainsbury’s Bank Loan could help make those dreams a reality:

  • From 6.1% APR representative for Nectar members when you borrow £7,500 - £15,000 for 1-5 years
  • Pay back your loan over 1-7 years (depending on your loan value) with manageable, fixed monthly instalments
  • You can borrow between £1,000 - £40,000 if you’re a Nectar member, non-Nectar members can borrow up to £25,000
  • No application or arrangement fee

Apply for your loan online

Ready to get the ball rolling? It’s now quicker than ever to apply

  • You could get your money in as little as 2 hours, or the next business day, if you’re accepted
  • Our online application is quick and easy to complete, you can sign your agreement online, and upload any documents we might need
  • Find out your interest rate and how likely you are to be accepted – without harming your credit score

Use our calculator to start your loan application today. We’ll work out your possible interest rate, monthly payment amount and total cost in just a few clicks. All quotations given are for illustrative purposes only.


Whether you want to borrow a small amount to give your home a DIY boost or need a bit extra, we’ve got borrowing options to suit you.

Compare our loans

£1,000 - £2,999

A small loan of £1,000 - £2,999 could be what you need to finally get round to redecorating the living room

£3,000 - £4,999

Want to replace an old living room suite that’s no longer fit for family film nights? You could borrow £3,000 - £4,999 to make that happen

£5,000 - £7,499

Looking to buy a new car? A loan from £5,000 - £7,499 could help get you back on the road

£7,500 - £25,000

Thinking about a loan to give your kitchen a complete makeover? Be it £7,500, £10,000 or £25,000 we may be able to help with a range of loans available

Unsure which loan to go for?

Find our loan key information including total cost to help you make the right decision

Got a question?

If you’re unsure of how the loan process works – our FAQ section is a great place to start

How do personal loans work?

Personal loans work by allowing you to borrow a fixed amount of money, which you agree to pay back over a set timeframe – known as the term of the loan.

Personal loans are also known as unsecured loans, which means that the loan isn’t secured to an asset, such as your home.

The total cost of a personal loan is calculated using an Annual Percentage Rate (APR), which accounts for the interest rate and any other additional charges.

Personal loan credit checks

When you apply for a personal loan, we’ll carry out a credit check on your finances. There are two types of credit checks that happen at different stages in your application:

Soft credit check

A soft credit check is a top-level look at certain information in your credit report. This type of check is done first, to assess how successful your application for a loan might be. Soft credit checks aren’t visible to credit companies and lenders, so they won’t impact your credit score in future. 

Hard credit check

A hard credit check is a complete search of your credit report and it will be visible on your report in the future. When you submit a loan application, a hard credit check will take place. Too many hard checks in a short period of time can affect your credit score and might make it harder to be approved for a loan in future.

Lenders will use information on your financial history to find out things like:

  • Whether you’ve paid back credit on time in the past
  • If you’re currently in debt or how much debt you have
  • How well you manage regular payments

Personal loan approval process

During the approval process, we’ll look at your:

  • Income
  • Expenditure
  • Credit score
  • Credit history 
  • Employment stability

Filling in our online application is easy. You’ll be able to upload any documents you need and sign your agreement online too.

How repayments may work

When taking out a personal loan you’re agreeing to pay it back in regular monthly instalments within a set timeframe. You can choose how long you’d like to take to repay the loan. If you want to pay the loan off early, you may be required to pay early repayment charges. 

It’s important to manage your personal loan responsibly. Here’s how you can manage your loan effectively:

  1. Keep on top of your repayments – making your monthly repayments on time and in full can help you avoid any penalty fees.

  2. Set a monthly budget and stick to it – this can help you know you’ll have enough money to cover your loan repayments. 

Contact us if you’re struggling – if it’s looking likely that you may be unable to meet a monthly repayment, speak to us as soon as possible or log in to online banking to discuss your options.

Before applying for a loan

Wondering how to get started? Our loan application process is quick and simple, just enter how much you’d like to borrow in the calculator to get started today.

But before you apply, there are a few things you should think about.

Our lending criteria

To apply for a loan, you need to:

  • Be at least 18 years old and less than 80 when you apply. You should also be under 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’re 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 or retired with a pension

  • Have a gross annual income of over £7,500

  • Not have a history of County Court Judgments or bankruptcy

We won’t lend for any of the following purposes:

  • Business purposes
  • Buying a property
  • Deposit for a property
  • Stocks and shares (including bonds, funds, derivatives, foreign exchange, contract for difference)
  • Investments (including cryptocurrency)
  • Gambling

Have a look at our full list of lending criteria.

If you were asked to apply for this loan by someone else, maybe to make an investment or to pay fees related to cryptocurrency, this could be a scam. We do not lend for investments, including in crypto, and you should not take out a loan on another person’s request.

The information we'll need

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

  • Your residential address(es) for the past three years
  • Your sort code and account number
  • Details of your monthly incomings and outgoings
  • Your employer's name and address
  • If you’re a Nectar member, you’ll need to add your Nectar card number to your application

Need support with your application?

We want to make sure we’re offering you the right level of support throughout your application. If you’re unsure of how the process or loan will work, see where we’ve answered some of our customers frequently answered questions.

Are your circumstances likely to change?

Do you know of any likely, upcoming changes to your circumstances that could affect your ability to cover your loan repayments? If so, please get in touch to discuss an application, rather than applying online.

Things to consider could include:

  • Fewer working hours
  • Retirement
  • Maternity/paternity leave
  • Increase in your living costs (like higher rent or mortgage payments)

Contact us.

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

What do you plan to use your loan for?

Car loans

Car loans

Looking for a new or used car? Let us help you start the journey

Home improvement loans

Home improvement loans

Upgrading your home is usually an excellent way to add value to your property

Learn more

Wedding loans

Planning a wedding? A bank loan could help you pay for your big day

Useful loans guides

Can I afford a loan?

Find out if a loan is right for you – more information on budgeting, APR, credit score and more

Combine your borrowing

See how you can move all your debt in to one easy to manage loan

All guides

Check out all our tools and guides, from planning your financial future to our loan application checklist

Frequently asked questions

How much can I borrow with a personal loan?

You can borrow up to £40,000 with a personal loan from Sainsbury’s Bank.

Personal loans range from £1,000 to £25,000 for non-Nectar members, and up to £40,000 for Nectar members. You can put the money towards things like home improvements, buying a car or consolidating debts.

How long can I take out a loan for?

Lenders will choose the minimum and maximum loan length that customers can choose from when they apply for a loan.

Sainsbury’s Bank Loans can be taken out from one to five years for non-Nectar members and for up to seven years for Nectar members.

What credit rating do I need to get a loan?

Every provider has their own set of requirements when deciding whether to issue a loan, including your credit rating. A lender can take into account a variety of factors, such as: 

  • Income
  • Expenditure
  • Credit score
  • Credit history 
  • Employment stability

What is a loan APR?

APR stands for Annual Percentage Rate. It’s the total cost of borrowing over a year, including the interest rate and any other additional charges. The APR is shown as a percentage figure, and lenders are legally required to share this with you, before you take out a loan.

Can I pay off my personal loan early?

You may be able to pay off your personal loan early, but you might incur an early repayment charge (ERC). It’s common for lenders to charge one to two months’ interest, as well as a percentage of the amount repaid for repaying a loan early. This depends on the length of the policy and the amount you’ve borrowed.

With Sainsbury’s Bank, you can pay off your loan early, in full or in part, at any time during your agreement. However, fees may apply if you choose to do this.

More information

Terms and conditions Privacy policy Key information


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.