Sainsbury's Bank Loan

Compare Sainsbury's Bank loans

If you’re looking for the right loan for you, you might have wondered if a Sainsbury’s Bank loan is the answer. You can use the comparison tables below to look at a range of different loans from various lenders.

ProviderLoan AmountCredit HistoryRepresentative APRTerm 
£1,000 to £25,000Excellent Credit Only3.50%

£7,000 to £25,000 with a 2 year term

6 months to 5 yearsGet Quotes >
  • Getting a quote will not impact your credit score
  • Instant Online Decision
  • Money in your bank in 1 working day
  • Must be aged 21
  • Minimum Income £14,500

Representative Example: Based on an assumed loan amount of £3,000 over 24 months at a Representative APR of 7.90% p.a. (fixed), you will repay £157.74 per month. Total amount you repay £3,786.

£7,500 to £14,999Excellent Credit3.90%1 to 5 YearsGet Quotes >
  • Get a quick quote - no impact on your credit rating
  • Available to existing RBS current account holders only
  • Must be aged 18

Representative Example: Borrow £10,000 over 5 years at a Representative APR of 3.90% paying £183.40 per month will result in a total sum of £11,004 over the loan term.

£7,500 to £14,999Excellent Credit3.90%1 to 5 YearsGet Quotes >
  • Get a quick quote - no impact on your credit rating
  • Available to existing NatWest current account holders only
  • Must be aged 18

Representative Example: Borrow £10,000 over 5 years at a Representative APR of 3.90% paying £183.40 per month will result in a total sum of £11,004 over the loan term.

£7,500 - £14,999Excellent Credit Only4.60%1 to 5 YearsGet Quotes >
  • Fixed Interest Loan Rate
  • No set up charges or hidden fees
  • Instant Online Decision
  • Must earn at least £750 pm (can be combined income)
  • Must be aged 18
  • If self employed must be homeowner and supply 1 years audited accounts

Representative Example: 4.60% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 4.60% p.a. (fixed). Monthly repayment £186.46. Total amount payable £11,187.60.

£20,000 to £200,000Good Credit4.68%3 to 25 YearsGet Quotes >
  • Interest Rates from 4.68%
  • Market leading homeowner loan deal
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 4.80% - Based on an assumed loan amount of £20,000 over 10 years at an interest rate of 4.80% p.a. (fixed) you would pay £233.00 a month and £27,960 in total.

£1,000 to £20,000Fair & Poor Credit48.50%1 to 5 YearsGet Quotes >
  • Rebuild Your Credit
  • Instant Online Decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 48.50% - Based on an assumed loan amount of £3,000 over 12 months at an interest rate of 48.50% p.a. (fixed) you would pay £670.83 a month and £3,670.83 in total.

£500 to £5,000Fair & Poor Credit48.0%6 months to 5 YearsGet Quotes >
  • Guarantor Loans - Your guarantor can be a homeowner or a tenant
  • Fixed monthly repayments
  • Easy online process - Fast decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 48.0% - Based on an assumed loan amount of £2,500 over 36 months at an interest rate of 48.0% p.a. (fixed) you would pay £120.04 a month and £4,321.44 in total.

£1,000 to £20,000Fair & Poor Credit99.9%1 to 5 YearsGet Quotes >
  • Interest Rates from 35.9% - 99.9%, depending on the information you provide in your application
  • Fixed monthly repayments
  • Instant Online Decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 99.9% - Based on an assumed loan amount of £1,500 over 24 months at an interest rate of 71.3% p.a. (fixed) you would pay £118.88 a month and £2,853.12 in total.

Sainsbury’s Bank loan features:

 

  • Borrow from £1,000 to £35,000
  • Repayment turns up to 60 months
  • Option of 2 month repayment holiday at start of loan
  • Price Promise - if you're offered a better rate on a like-for-like loan elsewhere, they claim they will beat it

 

To be eligible for a Sainsbury’s Bank loan you must:

 

  • Be aged between 18 and 80 years old and less than 83 when the loan is repaid
  • Have a permanent UK address
  • Have a household gross annual income of over £7,500
  • Not have a history of County Court Judgments or bankruptcy
  • Not be intending to use the loan for: Business purposes, purchase or deposit for a property, investment or gambling.

 

It’s important to remember that although the maximum amount this loan permits to be borrowed is £35,000 that does not necessarily guarantee you will be able to borrow it. How much the lender will be willing to loan you will be dependent on your credit score and other individual financial circumstances.

 

Sainsbury’s Bank loan calculator

 

If you are interested in taking out a Sainsbury’s personal loan, you could use the Sainsbury’s Bank loan calculator to get an impression of what your repayments might be. You just need to enter how much you want to borrow and how long you want the repayment period to last and the Sainsbury’s Bank loan calculator can generate an estimate for you using the lender’s Representative Annual Percentage Rate for a loan of that size. If you do decide to apply for a loan however you may be offered a different APR which will change what you are required to repay, both in total and in instalments. This is because lenders may tailor the APR they are willing to offer a borrower following an assessment of their credit score and other financial circumstances.

 

Before you apply for a loan

 

Shopping around to try and compare the market is a good idea before you take out a loan to try and find one that is appropriate to your specific requirements, as there is a diverse range of products on the market from various lenders. You can use the comparison table above to see different loans from lenders.

 

There are other types of borrowing than personal and home owner loans such as authorised overdrafts and credit cards you might wish to consider.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.