Whether you choose a new or used car, a loan from Sainsbury’s Bank can help spread the cost of your purchase. Our loans are available to finance the cost of any car up to the amount of £30,000. To access our rates for Nectar members you should have been a member for at least 6 months.
Why choose a car loan from Sainsbury’s Bank?
- A wide range of loan amounts from £1,000 - £30,000.
- Choose to repay from 1-7 years.
- Fixed monthly repayments to suit your budget.
How much can I borrow?
If you’re unsure about the amount you can afford to apply for, have a look at our guide to affording a loan. You may want to use our loan calculator to help work out how much you’ll repay in total if you choose to finance your car with a loan.
Remember if you do choose to apply, the APR which you may be offered may vary because it will be based on your own personal circumstances and credit history. More on APRs and credit scores.
When you apply
Once your loan has been approved, you may have the option to complete your application online without the need for paper documents. Alternatively we will post the loan agreement for you to review, sign and return.
Tips on car buying
See our guide to car buying for more information on what to look out for when buying a new or used car, haggling tips, finance options and other good resources to help with your research.
Multiple credit searches may make obtaining future credit more difficult.
You could borrow £10,000 over 60 months with 60 monthly repayments of £178.64. The total amount repayable will be £10,718.40. Representative 2.8% APR, annual interest rate (fixed) 2.8%.
*Representative APR applies to loans of £7,500 - £25,000, between 37-60 months, for Nectar members. Other rates apply to other loan amounts.