Verdict:
If you were already considering a loan, these Sainsbury's deals looks attractive. You will need to move fairly swiftly before this "sale" ends later in the month.
However, be aware that only borrowers with the very best credit records will qualify for its headline rates. Lenders are required by regulations to ensure that 51pc of customers who qualify for their loan get the advertised rates. However, that leaves 49pc who will be offered a more expensive rate. There will be many more who are turned down automatically.
It is worth checking your likely eligibility by using Moneysupermarket.com or TotallyMoney.com to run a pre-application search.
Borrowers taking the Sainsbury's £10,000 Standard loan (4.9pc APR) will pay back £229.36 a month over 48 months. The total amount repayable after 10 years will be £11,009.28.
For those taking £10,000 over 48 months would pay back £240.66 a month on Sainsbury's' Shopper Reward loan (5.2pc APR). The total repaid over the course of the loan would be £11,071.68.
Moneysupermarket.com places Derbyshire building society and Clydesdale bank just behind Sainsbury's for their personal loan rates. Both offer loans at 5pc on £7,500 to £15,000.
Borrowers taking out £10,000 over four years (48 months) with one of these lenders would pay back £229.79 a month. Total repayments of £11,030 are just slightly above the Sainsbury's Standard loan.
More details: Sainsbury's Standard loan
More details: Sainsbury's Shopper's Reward loan
More details: Clydesdale loan
More details: Derbyshire loan
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