Sainsbury's Bank

Sainsbury's Bank PLC

Phone: +441383 847 088, 0500 40 50 60

Standard Loan

Sainsbury's shoppers with a Nectar card could get the best rate in the market when you apply for a Loan with Sainsbury's Bank.
Loan Amount
£7,500 - £15,000
Interest Rate
5.1% APR representative**
The Price Promise Guarantee ("the Offer") is only available to individuals who successfully apply for (and subsequently open) a Sainsbury's Standard Loan (“the Loan”).
The offer does not apply to any Sainsbury's Shopper Reward Loans.
Claims under the Offer must be received within 28 days after the Sainsbury's Loan has been approved.
Claims under the Offer will not be accepted after the Sainsbury's Loan offer has been accepted by signing and returning the Sainsbury's Loan agreement.
You must provide us with a written offer from the other lender in the same name as the Loan offered by Sainsbury's. In most cases a photocopy of the loan agreement will suffice but we may ask you to provide the original agreement. If you provide an original document, we will return this to you within 5 days of assessing your claim. Photocopies will not be returned and will be securely destroyed by us. Sainsbury's will verify the validity of your claim within 5 business days of receiving your request and notify you of the result.
A “Lower rate” means a lower Annual Percentage Rate (APR) of an alternative unsecured, fixed rate loan from a lender, compared on a “like for like” basis. We will assess “like for like” based on features such as, but not limited to, length of loan, fixed loan amount, repayment structure (including interest and set up fees (if any).
The Lower rate must be available to the general public and be verifiable by Sainsbury's. The Lower rate must have been offered and must still be available to you at the time of the claim.
The Offer does not apply to the following rate or loan types:

- Loans where the funds are not available for immediate use
- Discount rates offered only to members of groups or individuals who meet previously specified criteria;
- Rates that are not immediately available, promotions that are not at everyday rates and products which are sold under different terms and conditions, such as special financing (i.e. dealer loans, promotional loans for specific goods);
- Loans that are secured on land, investments or goods.
- Any personal products being charged interest at a variable rate;
- Any personal and non personal loan type products including but not limited to lease, contract hire, hire purchase or conditional sale agreements;
- Loan agreements where interest has been temporarily or permanently suspended (including deferred payments and 0% loans for an initial period);
- Loan agreements where the funds are to support periods of study, or the period immediately following completion of studies (for example, student loans or graduate loans).
If your claim is successful we will reduce the APR on your Sainsbury's Loan to below that of the alternative lender by 0.1%. e.g. If the alternative lender formally offers you a rate of 6.9% APR, your claim is successful and 6.9% APR is lower than our rate offered we will reduce our offer rate to 6.8% APR
We reserve the right to modify or cancel the Offer at any time without prior notice.
Our lowest rate ever 5.1% APR representative** on loans from £7,500 - £15,000 over 1-5 years
Price Promise - if you're offered a better rate on a like-for-like loan elsewhere, we'll beat it†
Choose to repay from 1-7 years
Choose to pay over 1-3 years and the rate could be even lower
Option of 2 month repayment holiday at the start of the loan#


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