Sainsburys loanSainsburys rates are fixed, so you can budget ahead as well as save money.

Sainsburys loan is just 6.3% APR typical and is only available when you apply online.

A Sainsburys loan is just 6.3% APR typical and is only available when you apply online.

When applying for a Sainsbury’s bank loan you are entitled to a range of other benefits. With a Sainsbury’s loan there are no repayments for the first 3 months.

You can choose a 3 month repayment holiday and give your finances a break so with a Sainsbury loan there is no catch and no hidden surprises.

Sainsburys loan rates are fixed, so you can budget ahead as well as save money. For an extra fee of £50, Sainsbury can send your loan cheque via courier directly to you within 24 hours of approval.

Sainsbury’s bank offer a small, simple precaution that could save you money each month, and make your life stress free. You can have access to this for a small extra premium each month your loan payments, so your loan will be covered if the unexpected was to happen.

You can only apply online for a Sainsburys loan so visit here for more information and their terms and conditions before you apply.

With a Sainsbury’s loan you can borrow between £1,000 and £25,000 and make no repayments for the first 3 months. You will receive your cheque within 24 hours after completion.

What do I need to apply?

All you need to produce when you apply for a Sainsbury’s bank loan is your residential address which you have lived in for the last 3 years.

Produce your bank or building society details and how long you have been with you building society for

All your monthly incomings and outgoings so Sainsbury’s can see if you are able to pay back the amount each month.

Your employer's name and address for a reference

Anlso state if you have a Sainsbury’s Nectar card number it doesn’t matter if you don’t, this is optional

To apply for a Sainsbury’s bank loan you must:

You must be 18 years old or older.
You must have a bank or building society account.
Have a permanent UK address.
Have not been declined for credit in the last month.
And not have a history of bad credit such as arrears, county court judgements (CCJ's), or bankruptcy.

Sainsbury’s loans also recommend you don't apply for more than three quarters of your gross annual salary so you can afford to pay the repayment so the amount is suitable for you and your pocket.

Sainsbury loans will carry out credit reference or other enquiries in accordance with their lending procedures,  once you are approved you will receive a completed application form through the post in order to obtain your signature.

Sainsbury’s bank will supply a copy of their terms and conditions, data protection act and uses of data information sheet for you to keep.

See here for more Sainsburys Loan information

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