The Sainsbury's personal loan rate has been cut to 7.7 per cent, the supermarket bank has announced.
Borrowers will be able to apply for a Sainsbury's loan at this rate for a limited time only, as the rate is only available until 7 October 2010.
The loan is available to Sainsbury's shoppers who have a nectar card and are looking to borrow between £7,500 and £14,999.
Borrowers will also benefit from double Nectar points on Sainsbury's shopping and petrol for two years.
Commenting on the temporary rate cut, Steven Baillie, head of Sainsbury's loans, said: "We've been offering some of the most attractive loan rates in the market for a long time now and this offer should further strengthen our appeal to Sainsbury's shoppers."
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