Sainsbury's loans
Sainsbury's loans
Sainsbury’s, perhaps better known for its food than its finances, entered the banking world in 1997 in a joint venture with HBOS. It was the first major British supermarket to launch a financial arm offering a range of financial products including loans, credit cards and savings products.
As well as offering traditional personal loans which can be deferred for up to three months, Sainsbury’s has a special car purchase scheme which offers discounts on a range of cars -- giving you the chance to buy, exchange, or simply return the car at the end of the loan term.
In partnership with Freedom Finance, Sainsbury’s also offers loans for people with credit history problems. However, this often involves secured lending, which basically means if you can’t keep up with repayments, you could lose your home.
| Provider & product |
Typical APR |
Amount & term |
Total amount repayable /
Monthly repayment |
Apply |
|
|
Typical 8.70% APR
|
£10,000
60 months
|
£12,273.00 /
£204.55
|
Apply
|
|
|
Typical 8.90% APR
|
£10,000
60 months
|
£12,326.40 /
£205.44
|
Apply
|
|
|
Typical 8.60% APR
|
£10,000
60 months
|
£12,246.00 /
£204.10
|
Apply
|
|
|
Typical 8.60% APR
|
£10,000
60 months
|
£12,246.00 /
£204.10
|
Apply
|
Other Sainsbury's loan products
| Provider & product |
Typical APR |
Amount & term |
Total amount repayable /
Monthly repayment |
Apply |
|
|
Typical 8.90% APR
|
£10,000
60 months
|
£12,326.40 /
£205.44
|
Apply
|
Loans articles
By Neil Faulkner | 17 October 2008
Neil Faulkner rounds up the best personal loans on the market.
By Christina Jordan | 08 October 2008
Need a loan? Expect to pay more.
By Cliff D'Arcy | 26 September 2008
Be very careful when choosing a personal loan, because this rip-off will bump up your repayments by 20% or more!
By Cliff D'Arcy | 18 September 2008
One leading provider of personal loans has cut its interest rates. Will other lenders follow suit, or is credit still crunched?
By Esther Shaw | 01 September 2008
For many of us, buying a car is the second most expensive purchase we make in our lives, and yet all too often we end up paying over the odds for our new set of wheels.
By Jane Baker | 11 August 2008
Personal loans are getting more expensive, but can you still get a decent deal?
