Sainsburys Finance Offer Existing Customers Preferential Loan Rates

Mon, 06 Apr 2009

Sainsbury’s Finance has announced that it is to offer preferential interest rates on its personal loan deals to customers with Nectar cards. The move is designed to reward existing customers, whilst also encouraging more borrowers and shoppers to take out the loyalty card. The offer is also intended to draw attention to the benefits of Sainsbury’s Finance’s loan services, which include 24 hour money transfer, an instant response to loan applications, and a individually customised repayment plan.

With Sainsburys Finance eager to lead the best buy tables, Nectar cardholders will see interest repayments on their loans reduced from 8.1 per cent to 7.9 per cent. In order to be eligible for the special offer, customers must apply on loan, seeking a loan of between £5,000 and £15,000.

Head of loans at Sainsbury’s Finance, Steven Baillie, commented, ‘We're constantly looking for ways to reward our customers and with this offer, we're giving the Sainsbury's shopper a preferential rate, enabling even more people to enjoy the benefit of banking, as well as shopping with us. All of our loans customers enjoy one of the most competitive rates available in the market, but those shopping at Sainsbury's can now take advantage of an even better deal.’
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