Sainsbury's Finance announce loan shake up
In an unprecedented market move, Sainsbury’s Finance has increased the customer reward available on personal loans between £7,500 and £15,000.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
The total package is a market leading offer for the Sainsbury's shopper.
Market analysis by Sainsbury’s Finance reveals that the loan's combined package is the best available.
Indeed, when combining the benefit of the £100 gift card, the competitive rate and double Nectar reward, based on a £50 weekly shop, shoppers could reduce their total repayment by up to £152.
Shoppers spending £100 a week in store could reduce their repayment by up to £204.
Steven Baillie, Head of Loans at Sainsbury’s Finance said:
"In time for the New Year when many people look to consolidate existing debt, plan home improvements or think about new cars, we're pleased to be able to offer what we think is the best loan package on the market.
"Plus the more Nectar points earned in store, online and in Sainsbury's petrol filling stations, the greater the benefit."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: Nationwide
Blogs
Mark Eaton: Is 2026 the year brokers die out?
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Vida
Vida launches high LTV 'Pathway' mortgage range
FCA
Tribunal upholds £2m FCA fine for 'corrupt and dishonest adviser'