Sainsbury's Bank lowers internet loan rates

21 June 2005
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.

track© DeHavilland Information Services plc