A Sainsbury’s loan is a good option for those looking for an alternative to High Street providers. Sainsbury’s Loan products are offered for amounts between £500 and £25,000 over loan terms of 1 to 7 years, and all their loans are unsecured , allowing you borrow affordably without providing collateral for the loan. With a typical APR of 7.30% and a three month payment holiday at the start of the loan, Sainsbury’s loan products offer a competitive supermarket lending option within the UK market.
There are no set up or administration fees with a Sainsbury’s Loan, and payments are fixed for the duration of the loan, allowing you to remain in control of your finances and plan your budget.
Your personal history of borrowing will be considered in order to assess the risk you present as a Sainsbury’s loan candidate. If your credit history is less than perfect due to previous or current arrears, past CCJs, credit defaults or bankruptcy, you will not be eligible for a Sainsbury’s Loan. Customers applying for a Sainsbury’s Loan with poor credit scores - and those looking to borrow more than £25,000 - will be referred onto a loan broker who will charge a fee to source the market for your best loan deal. Totally Money can help you find the best deal for your circumstances free of charge. Simply complete the form on this page to compare hundreds of UK lenders to find the most favourable loan option available according to your budget and requirements.