Loan News Sainsbury’s Bank Unveils Summer Sale

Written by Editorial Team

21 July 2006

The financial arm of supermarket chain Sainsbury’s has announced a summer sale on its loan offers.

Sainsbury’s Bank has cut its telephone loan rates for loans of £10,000 or more to 6.1 per cent typical APR for the summer. The offer expires on 9th October, 2006.

In addition to the special lower rate, Sainsbury’s customers can also choose to defer repayment for the first three months of their loan period and they can also expect to receive an instant decision and instant access to the loan amount.

“This offer should be helpful to those looking to fund a holiday this summer or maybe home improvements and highlights our commitment to continually offering low rates for our customers,” said Steven Bailie, loans manager at Sainsbury’s Bank.

Mr Bailie claims that customers can borrow £10,000 for less than £200 a month, based on a 60-month repayment term.

To read more about loans, click here.