Sainsbury's Bank has announced that it has slashed its loan rates for some internet loans.
Internet applications for loans of £5,000 or more will enjoy rates of 6.5 per cent typical APR from 10:00 BST on June 23rd.
Running throughout the summer, the special rate marks a significant reduction from the usual rate of 6.9 per cent APR.
"Customers can benefit from convenience and a great rate on their loan by simply visiting our website," said Rachel Brereton, loans manager at Sainsbury's Bank.
"This is perfect for anyone who is looking to pay for a holiday, purchase a car or make some home improvements."
As well as a competitive rate, customers can take advantage of three months with no repayments, a decision made in minutes and a cheque delivered to their door within 24 hours. Click here to find out more about loans.
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