This is a great new personal loan from Sainsbury's at 7.4% slightly lower than Nationwide! I wonder how Nationwide would take if you Quoted them on their quote "The UK's lowest Loan Rate, you can quote us on this" now that Sainsbury's are offering a slightly better personal loan with:

SAINSBURY'S Personal Loans Online | Instant Decision Bank Loan | 7.4% APR
Online offer 7.4% APR typical** - No repayments for the first 3 months#

Sainsbury's shoppers with a Nectar card could get the best buy online offer rate of 7.4% APR typical** on loans from £7,500 to £14,999 including the option of no repayments for the first 3 months#. Plus we’ll give you double Nectar points on your Sainsbury’s shopping and fuel for 2 years.* That's enough points to give you a week's free shopping. Now that's rewarding! ^

  • Online offer rate of 7.4% APR typical** on loans from £7,500 - £14,999
  • Choose to repay from 1-5 years
  • Option of no repayments for the first 3 months#
  • Easy to arrange with no set up fees
  • Fixed repayments for the term of your loan

**Online offer rate of 7.4% APR typical, for Sainsbury's shoppers with a Nectar card which has been swiped instore in the last 6 months. We may check your Nectar account to verify this. Different rates will apply to telephone applications. Sainsbury's Fiinance reserves the right to vary rates without notice. Nectar points offer can not be combined with any other Loans offer or promotion.
#Interest will be charged between the start date of your loan and your first monthly repayment.
See how your points add up

Jennifer spends £49 per week in Sainsbury's on shopping for the family and swipes her Nectar card every time she shops. By taking out one of our selected Sainsbury's Finance products, she doubles her points every week. That means she can earn enough points to get a week's free shopping once a year. Now that's rewarding!^
To take out a loan with us…

You need to be 18 or over and have:

  • A bank or building society account
  • A permanent UK address
  • A good credit history

If you do not have a Nectar card you can simply:

  • Visit your local Sainsbury's to pick up a pack and fill in the registration form and send it off to the address provided. A Nectar card is included in the pack so you can start using it immediately, however you will need to activate your card online at the Nectar web site.
  • Apply online at the Nectar web site. Registering will only take a few minutes and a card will be sent out to you straight away.