About Sainsbury’s Bank
Sainsbury’s Bank is proud to be the first supermarket bank in the UK.
And we are proud of our heritage and what we have achieved. Sainsbury's was opened in and February 1997 and has since then been a leader in the banking and financial services industry. We believe that we understand what our customers require and we have designed our financial services and products accordingly.
Award winning financial products
With our award-winning range of financial products and attractive system for Sainsbury's shoppers, we have become a popular choice amongst UK residents. Our products include credit cards, savings and loans as well as mortgages and life insurance. These services are provided online and by telephone.
Great deals and rewards
Sainsbury's customers enjoy great deals and rewards and receive additional points and lower rates across a range of products. Rewarding our customers is part of our daily business.
Helping our customers is what we like to do, thus you can choose not to pay your loan for the first two months during a repayment holiday. However, interest will be charged during the repayment holiday.
Price promise guarantee
If you can find a loan to beat our rates on the same product, we will beat it by 0.1%. Terms and conditions apply. Contact us today for further information on our price promise guarantee.
What Sainsbury’s Bank can offer you
For all your personal loan requirements, we are there to assist you.
With a 3.0% APR representative, you can get a low loan rate on loan amount from £7,500 to £19,999.
Use our convenient online calculator to select the loan your amount you wish to borrow, including the repayment term preferred for your loan.
A personal loan from Sainsbury's Bank could be more affordable than you think. Simply use our calculator to find the ideal personal loan for you.
Various loan amounts available
If you are looking for a personal loan from £1,000 to £40,000 over repayment terms of 12 to 84 months and competitive rates, we have exactly what you are looking for.
A representative of 3.0% APR applies for loans from £7,500 to £15,000 for the loan period you have selected. Your personal circumstances, credit assessment procedures and other related factors will determine your personal rate.
Lowest rates on personal loans
The APR that applies to your loan will be determined by the information you provide and the loan you are applying for, including an independent verification of your credit and previous repayment behaviour and will range from 2.9% to 25.2% APR. Additionally, Nectar card holders qualify for our lowest rates.
Here’s a short video about Sainsbury’s Bank
In a Nutshell
- Average processing time 48 hours
- Online application
- In-store application
- Unsecured loan option
- Secured loan option
- Early repayment
Sainsbury's Bank is the go-to-lender in the UK
In order to apply for a personal loan, you would need to meet our eligibility criteria
- Be aged between 18 and 80 years old
- You are required to have a UK based bank/building society account that can accept direct debits
- Have a permanent UK address
- You are required to either have fulltime paid employment, self-employed or retired with a pension
- Have a gross annual income of over £7,500
- RESIDENTIAL address for the past three years
- SORT CODE and account number
- MONTHLY income and expenses
- EMPLOYMENT details
- NECTAR card number, if you have one
Do you qualify for a personal loan?
Use our soft-search tool, which will provide you with a preliminary decision on loan approval with Sainsbury's Bank and it will not affect your credit profile and is different from a full credit search. It allows you to know whether you qualify for a personal loan before officially applying for the loan.
Support with your application
At Sainsbury’s Bank we provide you with professional, friendly customer support throughout your personal loan application. Contact us to discuss your needs and we will offer suitable support.
Eligibility & Requirements
- Stable address history
- 18 years or older
- UK resident
- Employed full-time
- Earning a stable income
- Credit check
- Good credit history
- Active UK bank account
- Recent pay slips
- Employer to confirm employment
- Bank statements
- Proof of address
Customer Reviews & Testimonials
Very useful online application process with a loan calculator that lets you see exactly how much your loan will be at the end of your term.
— Nottingham —
I was a bit worried as I needed a rather large loan, however, Sainsbury's Bank was able to help me with my loan amount and we settled on repayment terms that are easy to manage and maintain.
— Cambridge —