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Personal loan calculator

Personal loan calculator

Borrow any amount from £1,000 to £40,000. 

Use our simple loan calculator to find out how much your monthly repayments, annual interest rate and loan amount could be.   

From 6.0% APR representative for Nectar members

Loan Calculator

Use our calculator below to find the right loan for you and apply online now. All quotations given are for illustrative purposes only.

If you already have a loan with us, check out your options and see if you qualify for a top up loan.

Are you a Nectar member? Nectar Logo

If you’re a Nectar member, you'll qualify for our lowest rates.

What is your Nectar card number?

Enter a valid Nectar number

Is this a single or joint application?

Calculator result

Monthly repayment


Total repayable


Illustrative APR


Length of Loan


Loan amount


Annual interest rate (Fixed)


Representative Example

You could borrow £10,000 over 60 months with 60 monthly repayments of £193.47. The total amount repayable will be £11,608.20. Representative 6.0% APR, annual interest rate (fixed) 6.0%.

*Representative APR applies to loans of £7,500 - £15,000, between 1-5 years, for Nectar members. Other rates apply to other loan amounts.

All quotations given are for illustrative purposes only. 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 6.0% to 29.9% APR.

Why choose a Sainsbury's Bank Loan?

Money in 2 hours

You could get your money in as little as 2 hours, or the next business day, if you’ve been accepted   

Easy application process

Our online application is quick and easy to complete. If you’re successful, you can sign your agreement online, and upload any documents we might need

Check your eligibility

Find out how likely you are to be accepted, and the rate we might offer you, without affecting your credit score

Already have a loan with us? Check out your options for topping up your loan

About our loans

How our loans work

Find out what information we’ll need when you apply for a loan

Full lending criteria

Are you eligible for a loan? Check which types of income we’ll accept and things you can’t borrow for

Got a question?

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

Useful guides

We have a range of loans guides and tools that can help you decide if borrowing money is the right call for you.

Can I afford a loan?

Our guide covers different types of credit, budgeting, APR, credit scores and more

Debt consolidation loan

Choose to move all your debt in to one easy to manage payment with a debt consolidation loan

Loans glossary

Confused by the financial jargon around borrowing money? Have a look at our loans glossary

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

Use our loan calculator to see how much you could borrow to spruce up your home

Learn more

Wedding loans

Planning a wedding? Perhaps a loan could help you make your big day a reality

Try our loans calculator

Frequently asked questions

How is my loan interest rate calculated?

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 

What is a loan APR?

APR stands for annual percentage rate. This displays the interest and extra charges that may be added to the amount you borrow.

How are my loan repayments calculated?

Loan repayments are calculated by dividing the total loan, plus interest, by the number of months that you have to pay it off.

Are any credit checks done when I use a loan calculator?

No, there are no credit checks done when you use a loan calculator. This means that you can use our calculator to see a representative example of what your monthly repayments, total repayable amount, annual interest rate could be – without it leaving a mark on your credit score.  

The only checks made are after you submit a loan application, where an initial ‘soft credit check’ is made, as we assess your eligibility for a loan. After that stage, if you are eligible for a loan, a ‘hard credit check’ will occur if you decide to proceed with your application. This is where a full assessment of your financial history is made and this check will appear on your credit record.  

What is the maximum loan I can apply for?

The maximum loan you can apply for at Sainsbury’s Bank depends on if you’re a Nectar member or not. If you’re a Nectar member, the maximum loan you can apply for is £40,000 and the minimum is £1,000. If you’re not a Nectar member, you may apply for a loan of any amount between £1,000 and £25,000.


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