Press Release

29 December 09

Sainsbury's offers shoppers loans at 7.9% typical and double nectar points on their shopping

• Rate available to Sainsbury's shoppers with a Nectar card applying for loans between £7,500 and £15,000

Sainsbury’s Finance is offering its shoppers a reduced personal loan rate of 7.9% APR Typical and double Nectar points on their shopping for two years⁽¹⁾  when applying with a Nectar card between 29th December 2009 and 28th February 2010. The special offer is available for loans of between £7,500 and £15,000 and is available through all channels except aggregator sites.

According to MoneyExpert.com the average rate on non-secured personal loans between £7,500 and £15,000 is currently 10.3%⁽²⁾. Sainsbury’s Finance is over 20% less than the average.

Sainsbury's shoppers taking advantage of the offer will be rewarded with double Nectar points on their shopping in store, online and in petrol filling stations for two years when taking out a loan from Sainsbury’s Finance. For example, customers who spend £50 a week with Sainsbury’s and have a Sainsbury’s personal loan as well as a Nectar card would receive £52 worth of Nectar points a year.

Steven Baillie, Head of Loans, Sainsbury’s Finance, said: “We’re always looking for ways to reward our customers and with this offer we're giving the Sainsbury’s shopper a rate that is the best in the market and offering them fantastic rewards on their shopping at the same time.

"All of our loans customers enjoy one of the most competitive rates available, but those shopping at Sainsbury’s can now take advantage of an even better deal and get rewarded for it in the process.”

All figures based on £10,000 over 60 months.  Competitor rates: source Moneyfacts.co.uk - the money search engine 10.12.09 Competitors quoted may offer lower rates to existing customers, internet or telephone applications or for larger loans.

In addition to one of the most competitive rates in the marketplace, customers taking out a Sainsbury’s Finance Loan benefit from:

 Double Nectar points on your Sainsbury’s shopping for 2 years
 A personally tailored repayment period, from 1 to 7 years 
 Fixed repayments for the whole period of the loan
 An instant decision
 Money directly into your bank account

For further information on Sainsbury’s Finance Loans, call 0800 169 8502, log onto www.sainsburysfinance.co.uk  or pick up a leaflet in your Sainsbury’s supermarket.

- Ends -
For further information, please contact:
Phil Anderson/Ian Morris
Citigate Dewe Rogerson
020 7282 1031/1037

Notes to editors:

(1)  Applicants will have to be Nectar card users and will have to supply their Nectar card number on applying for the loan
(2) MoneyExpert.com data, correct as of 10/12/09

Sainsbury’s Finance:
To view our latest press releases and product information, please visit the Sainsbury's Finance online media centre at http://www.sainsburysfinance.co.uk/media.Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury’s Finance provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times.  Our products consistently top Best Buy tables and regularly win awards for quality, price and service.

Sainsbury’s

Sainsbury’s Finance recent awards include Best Online Credit Card Provider / Best Direct Home Insurance Provider, Your Money 2009

Sainsbury's Finance is a joint venture between J.Sainsbury plc and Lloyds Banking Group.
For further information and general Sainsbury’s Finance enquiries customers can call the freephone number on 0500 40 50 60 or visit http://www.sainsburysfinance.co.ukNotes to editors/webmasters
If using this article on a website, please link to www.sainsburysbank.com using the following hyperlink text at the bottom of the article:
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