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Sainsbury’s Bank offers market leading personal loan price promise guarantee

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Sainsbury’s Bank is offering a Price Promise Guarantee whereby if any customer successfully applies for its standard personal loan but secures a better rate elsewhere with another provider, the supermarket bank will beat it.

Sainsbury’s Bank already offers one of the most attractive personal loan rates in the market at 6.1% APR representative for loans of between £7,500 and £15,000. The Price Promise Guarantee applies to all standard loans from £1,000 to £25,000.

Steven Baillie, head of Sainsbury’s loans, said: “We are constantly looking for ways to reward our customers. Those customers who secure a personal loan from us can rest assured that they will be offered one of the best rates in the market, but if they can secure a better deal elsewhere we now promise to beat it. We believe there are no other loan providers to make a commitment quite like ours.”