Sainsbury's Finance announces new personal loan rate of 6.9% APR representative on UK's only reward-based personal loan

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• Rate available for limited time only – ends 23rd September • Customers also receive the equivalent to an extra 1% off their Sainsbury’s shopping and fuel for two years if they use their Nectar card* • UK's Best Personal Loan provider 2011, Moneyfacts

We are continually looking to reward our customers with our unique reward loan

Sainsbury’s Finance has reduced the rate on its unique Nectar Shopper Reward loan to a best buy 6.9% APR Representative for loans between £7,500 and £14,999 until 23rd September. Sainsbury's shoppers with a Nectar card also benefit from a week’s free shopping as their loan awards them double Nectar points on all their shopping and petrol for two years, as well as a £25 Sainsbury's gift card – a further boost to an extremely low APR*.

Available to Sainsbury's shoppers applying with a Nectar card via Sainsbury's Finance's website and a number of aggregator sites.

Steven Baillie, Head of Loans at Sainsbury’s Finance said: “We are continually looking to reward our customers with our unique reward loan; this new rate offer is further great news for Sainsbury's shoppers whether they're taking a loan for a new car, home improvements or a simply bringing outstanding debts under control."

Sainsbury's shoppers taking advantage of the offer will be rewarded with double Nectar points on their shopping in store, online and in petrol filling stations for two years when taking out a loan from Sainsbury’s Finance. For example, customers who spend £50 a week with Sainsbury’s and have a Sainsbury’s personal loan as well as a Nectar card would receive £52 worth of Nectar points a year. Additionally they will receive a £25 Sainsbury's gift card to spend in store.

In addition to these rewards and one of the most competitive rates in the marketplace, customers taking out a Sainsbury’s Finance Loan benefit from:

  •     No set up fee
  •     A personally tailored repayment period, from 1 to 7 years
  •     Fixed repayments for the whole period of the loan
  •     An instant decision
  •     Money transferred directly into your bank account

For further information on Sainsbury’s Finance Loans, call 0800 169 8502, log onto Sainsbury's Finance or pick up a leaflet in your Sainsbury’s supermarket.

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Tom Wilson