Sainsbury’s Personal Loan

Sainsbury’s started operating in 1997.

We are the first major supermarket in the UK. Sainsbury’s owned 100% of Sainsbury’s bank since 2014.

We aim to make our bank a great place to work

We are a slowly growing organization at a time of unprecedented change in the financial services industry. We are a part of the UK’s most trusted brands brings our colleagues exciting opportunities to fulfill their potential while our customers seek more and more innovative services and technology. We want our staff to develop skills and knowledge to be the best they can be while learning from each other and their managers.

Sainsbury’s bank values

Our values show how we do things and they are also the bedrock of how every single colleague act at work.

• Cheering on progress- we encourage and recognize each other. While celebrating the progress we make as well as when we cross the finishing line. Even when we did not get everything right on the first attempt.
• Making it happen at pace- we are brave and always looking forward to trying new things and do whatever we need to make the difference as quickly as we can.
• We simplify things- our staff uses the best technology to do things in a more straightforward way for our customers and those who serve them.

An award-winning range of financial products

At Sainsbury’s, we always look for ways to improve our service while keeping our customers happy. We offer  Sainsbury's shoppers great deals and rewards for choosing to shop and bank with us. All our customers have access to products such as credit cards, savings, unsecured loans, travel money and car, home, pet, travel and life insurance which we provide online and by telephone. While  Nectar cardholders receive additional points and preferential rates across a range of products.

Sainsbury’s Bank offers affordable loans with amazing benefits.

We have financial assistance that will help you cover everything you want to do including home improvements, replacing your car or simply getting your finances in order.

A personal loan from Sainsbury’s Bank

With our award-winning online personal loan, you can borrow from  £1,000 - £25,000. Applying for Sainsbury's loan while you are a Nectar member automatically qualifies you for our lowest rates.

You can also apply for a repayment holiday when you do not have the means to pay off your monthly installment. Holiday repayment is only two months, and interest will be charged between the start date of your loan and your first repayment.

Sainsbury’s bank interest charging information

All our personal loans have a fixed and guaranteed interest rate for the life of the loan. The annual interest rate is calculated each calendar day and is added to the loan monthly.

APR ranges at the Sainsbury Bank

At Sainsbury, we are fully aware that we have unique customers with different financial statuses and financial needs. hence, we treat customers on an individual basis. Our APR is determined by the details you supply and the loan you are applying for as well as the independent verification of your credit and repayment history and will range from 2.9% to 24.9% APR.

How to repay Sainsbury’s Bank loan

You repay Sainsbury's loan monthly, and the amount is paid through direct debit. However, if you take a repayment holiday, your first monthly repayment is due three months after the date the loan has been opened