Sainsbury’s loan: How to get one?
You’re finally ready to get your own place, huh? You might move into one right away with the help of Sainsbury’s loan.
But first, find out if their loan product is right for you.
Read our guide below and use our Sainsbury loan calculator!
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
Sainsbury: What about them?
Sainsbury is the UK’s first supermarket bank, which means several of their products are optimized for shopping in their supermarkets. So, if you like shopping and getting points for it, you might want to check their credit card products.
If you’re a homeowner, you may find it useful that Sainsbury also offers services to Argos customers. They’re Sainsbury’s sub online and in-store retailer of toys, homeware, and electrical products.
Meanwhile, if you travel a lot, Sainsbury may also be right for you. They claim to offer mobile-led products, which includes travel money and car, travel insurance, and even pet insurance. If you want to get currency exchange, they also have travel money bureaux at Sainsbury’s supermarkets.
Sainsbury’s loan
Aside from personal loans, Sainsbury also offers the following:
- Car loans
- Home improvement loans
- Savings products
- Insurance products
- Travel money
- Mortgages
How can you use their personal loans?
- Redecorating amenities
- Remodelling old rooms
- Kitchen makeovers
- Vehicle purchase
Sainsbury’s loan features
- Loan range:
- £1,000 to £40,000 for Nectar members*
- Up to £25,000 for non-Nectar members
- Has loan terms of 1 to 7 years, depending on the amount
- Free application and arrangement
- Fund release is on the same day of being accepted or the next business day
- Agreement is available online for signing
- Allows single or joint applications
- Has early repayment fee worth of 58 days interest
*Nectar is a loyalty programme. Once you’re a Nectar member, you can earn points you can use to shop at Sainsbury supermarkets.
How to apply for a Sainsbury’s loan?
Applicants can start applying for a personal loan online.
Their lines are also open:
- Mon-Fri 8 AM to 10 PM
- Saturday 8:30 AM to 6 PM
- Sunday 9:30 AM to 5:30 PM
Call 08085-40-50-60 or visit their dedicated support centre.
Meanwhile, check out these application checklists:
You’re eligible if you:
- Are at least 18 years old and younger than 80
- Own a bank or building society account in the UK that accepts Direct Debits
- Live permanently in the UK
- Are employed
- Receiving pension
- Earning a gross annual income of £7,500 and above
- Don’t have County Court Judgments
- Have never declared bankruptcy
What are the requirements for a Sainsbury’s loan?
- Address(es) for the past three years
- Sort code
- Account number
- Details of monthly incomings and outgoings
- Employer’s name and address
- Nectar card number (for Nectar members)
Sainsbury’s loan calculator
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£7,500
to £25,000
Planning a big event or purchase? Maybe youre planning some home improvements or buying a new family car it all adds up. Youve come to the right place a Sainsburys Bank Loan could be the answer.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
