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:
Inflation
Interest rates could rise as Bank of England responds to oil shock
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
This week's biggest stories:
Inflation
Interest rates could rise as Bank of England responds to oil shock
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
Interest Rates
Bank of England forecast to hold interest rates 'well into 2027' as inflation tops 4%
Bank Of England
Bank of England holds interest rates as inflation risks persist
FCA
FCA confirms new incident reporting and third party rules