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Loans for £10,000

A £10,000 loan could be useful for a number of things from funding a wedding, to making home improvements or buying a new car. £10k loans let you spread the cost of repayments over 1 to 7 years to suit your budget.

From 6.0% APR representative for Nectar members.

Apply for £10k loan today with Sainsbury's Bank.

What can I use a 10k loan for?

Our £10k unsecured personal loans can allow you to access funds for up-front payments. You’re able to set monthly repayments over 1-7 years, helping you to spread the cost of big purchases. From 6.0% APR representative for Nectar members when you borrow £7,500 - £15,000 for 1-5 yearsSome of the common uses for a £10,000 loan include:

Buying a car

New cars can be costly on their own, but tax, MOTs, insurance and other running costs can ramp the price up even further. With a £10,000 car loan, you can spread the cost over a few months or several years, making the car-buying process more manageable. 

Home improvement

Major renovations can make your house feel like a home, but they’re a big financial commitment. Whether it’s modifying your kitchen, having a new bathroom suite fitted or doing a loft conversion, a £10,000 loan can help pay for the home improvements you want. 

Find out more about home improvement loans.

Debt consolidation loans

From credit cards to loans, a £10,000 debt consolidation loan could be a really handy way to group together all of your existing debt into one single monthly repayment. This could make paying off debts more manageable over time and could reduce your monthly outgoings. However, be aware that you may end up paying more interest over a longer period of time.

Find out more about debt consolidation loans.


Your dream wedding comes with a whole lot of expenses – from the venue hire, to catering and the reception, there can be a lot to pay for up front before the big day. You could take out a wedding loan for £10,000 to help make your vision for your special day a reality. 


Before taking out your 10k loan

If you’re interested in taking out a £10,000 loan, you’ll need to consider:

  • The term of the loan
  • The monthly repayments you can afford
  • The amount of interest you’ll pay

Loans of any kind are a big commitment, so it’s important to make sure you can afford the repayments before you apply. Failure to meet repayments on time could incur additional interest or impact your credit score.  

10k Loan Repayments

We offer £10,000 loans which you can pay over 1-7 years if you’re a Nectar member or 1-5 years if you’re not. Generally, the longer your loan term, the lower your monthly repayments, but overall, the total repayable will be higher.  

Use our loan calculator to find out how much your £10,000 loan could cost.

Your loan interest rate is affected by a few factors, including:

  • Your credit score
  • Affordability check
  • How much you want to borrow
  • The length of your loan term
  • If you’re a Nectar member 

The list above is not exhaustive. 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. 

How to apply for a 10k loan

You can apply for a £10k loan with Sainsbury’s Bank in a few simple steps.

  1. Use our loan calculator to determine your monthly payments and total repayable amount – use our eligibility checker to find out your interest rate and how likely you are to be accepted without affecting your credit score.
  2. Complete our online application in minutes – simply fill in your personal details, annual income pre tax, bank details and details of any other credit. If you’re a Nectar member don’t forget to tell us your Nectar card number to access our best rates.
  3. If you’re accepted, you could receive your money in as little as two hours, or the next business day.

When you take out a loan with Sainsbury’s Bank, you’ll also get:

  • A rate from 6.0% APR representative if you’re a Nectar member when you borrow £7,500-£15,000 for 1-5 years. (Other terms are available). 
  • The option to borrow between £1,000-£40,000 if you’re a Nectar member, and up to £25,000 for non-Nectar members. 
  • No application or arrangement fee.

Before you apply for a £10k loan, be sure to check out our lending criteria and exclusions here.


Useful guides

Looking for more information? We have a range of helpful loans tools and guides.

Can I apply for a loan today?

Find out more detailed information on how to apply for a loan with our guide.

Debt consolidation loan

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 

What is the monthly payment on a £10,000 loan?

The monthly payment on a £10,000 loan depends on the loan term and interest rate you have agreed. The longer your loan term, the less you will pay back each month. However, the longer the loan the more interest you will pay back overall. Use our loan calculator to get a quote. 

What is the most cost-effective way to borrow £10,000?

The cheapest way to borrow £10,000 loan entails opting for the shortest possible loan term and securing the lowest available interest rate. You won’t incur as much interest and will end up paying less than if you select a longer term. You will also need to ensure that you can afford the repayments.  

What can a £10,000 loan be used for?

The most common purchases with a £10,000 loan include a new car, a wedding or home improvements. It can also be used to consolidate debt. However, there are a range of things that most lenders won’t allow loans to be used for. Find out more about Sainsbury’s Bank lending criteria

Can I pay off my £10k loan early?

Yes, you can usually pay all or part of your £10,000 loan off early. However, this may include an early repayment fee. Any early repayment fees must be set out in your loan agreement beforehand. Find out more about overpayment charges.

What happens if I miss a loan repayment?

If you miss a loan repayment, you should contact your lender as soon as possible to discuss your options. You may have to pay a late fee. Your interest rate may also rise for future repayments. Learn more about defaulting on payments and what to do if this happens here. 

What happens if I can’t repay my loan?

If you’re struggling to make repayments for your £10,000 loan, you should contact your lender as soon as possible. With Sainsbury’s Bank, our support team will help you to work out an alternative payment plan. But if you don’t communicate this, you could be charged for missing your repayments. 

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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.