Sainsbury’s Bank cuts online loan rates

Sainsbury’s Bank has announced that it is cutting its interest rates for online loan applications until 8th November 2005.

The special limited offer of 6.3 per cent annual percentage rate (APR) is valid for loans of £5,000 and more.

Rachel Brereton, loans manager at Sainsbury’s Bank, said: “We are committed to offering consistently competitive rates. This special offer is perfect for anyone looking to plan a winter break away or make a special purchase in coming months.”

Sainsbury’s Bank loan products offer customers the option not to make any repayments for the first three months and also offer payment protection insurance.

The online service enables customers to receive a loan application decision instantly and the loan cheque can be delivered to their home within 24 hours.

Sainsbury’s Bank offers a variety of financial services such as travel and life insurance, mortgages, car purchase loans and a range of savings account options.

© Adfero Ltd

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