Here’s how you can top up your loan
If you already have a loan with Sainsbury's Bank, you could potentially borrow more. If you’re a Nectar member, you can borrow up to £40,000 when topping up your loan, or if you’re not a Nectar member you can borrow up to £25,000. Your total borrowings from Sainsbury’s Bank cannot exceed £40,000.
You may currently have a loan with us for £5,000, and if you're a Nectar member you could take out a second loan with us up to £35,000 as this is a combined total under £40,000. If you’re not a Nectar member you could take a second loan with us up to a maximum value (£25,000).
You may already have a loan with us for £15,000, whether you're a Nectar member or not, you could take out a second loan with us up to £25,000 as this is a combined total reaches the £40,000 cap.
We offer two ways to top up your loan.
- Combine your existing loan with your top up and repay over a longer term. You'll need to pay up to 58 days' interest to settle your current loan early. You'll also pay extra interest as we'll extend your loan term and amount. You can view your top up options here. If you have a joint loan and want to top up, give us a call on 08085 40 50 60 and we’ll be happy to discuss it with you.
- Take out a second loan at our current interest rate, to run alongside your existing loan at its original interest rate.
Call us on 08085 40 50 60 to discuss your options. We're open Monday to Friday 8am – 7pm, Saturday and Sunday 8am-5pm. Telephone calls may be recorded for security purposes and monitored under our quality control procedures. Calls are free from a landline and from a mobile when calling from the UK.
These options aren't guaranteed offers and you'll be subject to the normal application process. The rate we offer on the new loan could be higher than your existing loan and will depend on your personal circumstances, credit assessment and other related factors.
Explore our library of guides on loans and a whole host of related topics.