Sainsbury's Bank

Visit Site

Company Information

Aside from being one of the UK’s most popular supermarket chains, Sainsbury’s (sainsburysbank.co.uk) also offers its customers a variety of finance and banking services. With credit cards, insurance policies, savings accounts and loans, Sainsbury’s Bank aims to help its customers manage their finances in an effective, sustainable way. The bank prides itself on being an ethical lender that assists its customers with all of their financial needs.

Many people in the UK find themselves faced with debt. This debt can sometimes spiral and become unmanageable. Taking out a debt consolidation loan can be an effective way to reorganise your debt, consolidating it into one manageable loan that can be paid off at a fixed monthly rate. By paying off outstanding debts and focusing on one loan, customers can begin to bring their debt problem under control. Debt consolidation loans can also offer people lower interest rates and longer-term repayment plans, saving them money in the long run.

Sainsbury’s offer several different loans that can be used to consolidate your debt. These loans can cover as little as £1,000 up to £25,000, with interest rates that vary depending on the type of loan, the amount being borrowed, the length of the loan term and your personal financial circumstances and history. Finding a loan with a lower rate can make your debt consolidation loan more effective, and Sainsbury’s offer a Price Promise on its Standard Loan, which guarantees to beat any other rate that you’re offered by a competing bank.

Customers who take out a debt consolidation loan from Sainsbury’s Bank can also benefit from the two month repayment holiday at the start of the loan, giving them a reprieve from repayments after they’ve used the loan to pay off their outstanding debts.

If you’re over the age of 18, have an account with a bank or building society and are currently employed, you could be eligible for a loan. To get a personalised quote for their Sainsbury’s Bank debt consolidation loan, customers can apply online or call the bank’s help line.

47 Reviews of Sainsbury's Bank have been submitted - read the latest 3 below

I am so pleased with the loan Sainsburys Bank have just this minute approved for me that I wanted to say how much this means to me. Its no ordinary loan its a debt consolidation loan and that means a big thing for me. It means I can clear the debts that have been keeping me awake at night since my divorce 3 years ago. I am so glad I took the advice of a friend who had been in a similar position to me and cleared her debts with a loan like this. She used Sainsburys Bank as well but I didn't take her word for it that Sainsburys Bank were the best, I checked them out for myself but I have to say she was absolutely spot on. I shall be calling her shortly to thank her for her sound advice.

Review posted by Jill Marshall, Farborough

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

With such good rates for their loans it wasn't difficult to choose Sainsburys Bank for this debt consolidation loan. I did a bit of research first because I was keen to get the very best rate I could with this loan so as to make it even easier for me to afford and I do think I have managed to achieve that. The loan comparison websites make that task so much easier for people so I am really glad I used them when doing my search. I hope I can make the best use of this loan by clearing some of my bigger debts that are on a couple of credit cards. I'm paying an enormous amount in interest rates on them so just being able to pay them off first is going to be a great start to my debt consolidation plan and I wouldn't be doing it without this excellent loan from Sainsburys Bank

Review posted by Dennis Adamscott, Hull

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

When there are such great debt consolidation loans to be had from lenders like Sainsburys Bank there really is no excuse for people to get themselves bogged down with mounting debts. If they do what I have just done and get themselves an affordable loan from Sainsburys Bank who are offering really good rates with their dc loans then you shouldn't have to suffer with the stress of managing so much debt. Sainsburys Bank dc loans are just like their regular Standard loan in most respects so you still get their price promise guarantee and to make things even easier for you they give you the option of a two month repayment holiday at the start of the loan. This is going to be very handy for me as it will give me plenty of time to get organised before the first repayment is due. I can't thank Sainsburys Bank enough for giving me such an affordable way out of my current debt problems.

Review posted by A Fairclough, Burton-on-Trent

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money