Sainsburys personal loan offer ending soon

Thu, 21 Jan 2010

Anyone looking for a personal loan is being urged to take advantage of the 7.9 per cent rate offered by Sainsburys before it ends.

Available on loans between £7,500 and £15,000, the deal is only available until 26th January, and has repayment periods of between one and seven years.

With a Nectar points bonus for anyone who takes out the loan, Steven Baillie, head of loans at Sainsbury's Finance, feels the offer is an attractive one.

He said: "All of our loans customers enjoy one of the most competitive rates available and those who shop at Sainsbury's will be rewarded further, with double Nectar points on their shopping for two years."

A recent survey by moneysupermarket.com found that personal loan rates are finally starting to fall, with the average of the top ten deals being 8.35 per cent on a loan of £7,500.

Rates had been continually rising since 2006, when the average was 5.8 per cent, peaking at 8.42 per cent last year.
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