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Loans for £15,000

A £15,000 loan with Sainsbury’s Bank could help you pay for home renovations, a wedding or consolidating debt. £15,000 loans let you spread the cost of repayments over one to seven years to suit your budget.

From 6.1% APR representative for Nectar members.

Apply for £15,000 loan today with Sainsbury's Bank.

What can I use a £15,000 loan for?

A loan for £15,000 allows you to access funds for up-front payments. You can set monthly repayments over 1-7 years and spread the cost of big purchases. From 6.1% APR representative for Nectar members when you borrow £7,500 - £15,000 for 1-5 years. Some common reasons people take out a personal loan of £15,000 include:

Home improvement

From extending your property to upgrading your kitchen, a loan for £15,000 could help cover the cost of home renovations and improvements. Make your house a home with a loan from Sainsbury’s Bank.
Find out more about home improvement loans.

New car

Whether your current car needs an upgrade or you’re in need of something bigger to accommodate a growing family, a £15,000 loan could help you get the car you need. 

Find out more about car loans.

Debt consolidation

From credit card bills to smaller loans, if you have multiple debts, consolidating them with a £15,000 loan could be a handy way to group together all of your existing debt into one single monthly repayment. This could make paying off debts easier to manage and could reduce your monthly outgoings. However, your repayment period may be extended with one larger loan repayment and you may pay more interest over time than you would have if you paid off each debt individually.

Find out more about debt consolidation loans.



From the venue to the flowers, wedding costs can quickly add up. If you’re wanting to tie the knot but your finances won’t stretch to cover the costs, a loan could help. Your dream wedding could become a reality when you take out a loan for £15,000. 

Find out more about wedding loans.


Before taking out your £15,000 loan

It's important to review your options before taking out a loan. You should consider:

  • The term of the loan

  • The monthly repayments you can afford

  • The amount of interest you’ll pay

A loan is a big commitment, so it’s important to make sure you can afford the repayments and make them on time. Failure to meet repayments on time can result in your paying additional interest and fees and can impact your credit score.

£15,000 loan repayments

We offer £15,000 loans from 1-7 years for Nectar members and 1-5 years for non-Nectar members. Generally, the longer the term of the loan, the lower your monthly repayments will be, but the total repayment will be higher overall.

Use our loan calculator to find out how much a £15,000 loan may cost.

Your loan interest rate is affected by a number of 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. Currently Sainsbury’s Bank offer loans from 6.1% APR representative for Nectar members when you borrow £7,500 - £15,000 for 1-5 years.

How to apply for a £15,000 loan

Apply for your loan online

Follow these simple steps to apply for a £15,000 loan with Sainsbury’s Bank

1. Use our loan calculator to find out what your monthly payments and total repayable amount would be. You can use our eligibility checker to find out your interest rate and how likely you are to be accepted – and it won’t affect your credit score.

2. Complete our online application in minutes – simply fill in your:

  • personal details
  • annual income
  • bank details
  • details of monthy mortgage or rent

If you’re a Nectar member, include 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.

You can use online banking to change personal details and manage your loan account.

When you take out a £15,000 loan with Sainsbury’s Bank, you’ll also get:

  • A rate from 6.1% 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 £15,000 loan, be sure to check out our lending criteria and exclusions.

What do you plan to use your £15,000 loan for?

Debt consolidation

Debt consolidation

Combine existing debts into one easy-to-manage monthly repayment.

Home improvement loans

Home improvement loans

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

Car loans

Car loans

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

Check out our lending criteria and exclusions before you apply.

Useful guides

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

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, as well as your credit and repayment history and an independent verification.

Frequently asked questions 

What is the monthly payment on a £15,000 loan?

The monthly payments depend on the loan term and interest rate you have agreed. The longer the term of the loan, the less you will pay back each month. But the longer the term of the loan is, the more interest you’ll pay back overall. Use our loan calculator to get a quote.

What is the most cost-effective way to borrow £15,000?

The cheapest way to borrow a £15,000 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 £15,000 loan be used for?

£15,000 loans are commonly used to buy a car, make home renovations, pay for a wedding or consolidate existing debts into one manageable monthly payment. 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