Loan News Sainsbury’s Bank Lowers Internet Loan Rates

Written by Editorial Team

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.