Sainsbury's Loan Calculator
If you have been considering getting a Sainsbury’s bank loan you can use the Sainsbury’s loan calculator to get an idea of what your APR would be based on how much you intend to borrow and how long you would like the repayment period to be. It is important to remember however that although the Sainsbury’s loan calculator will give you an estimate of what you could expect to repay it does not guarantee you this amount. When assessing what APR a lender is willing to give you they will consider your individual financial circumstances such as; your credit score, how much you earn and any already existing credit commitments.
Sainsbury’s loans features
- Borrow from £1,000 to £35,000
- Repayment turns up to 60 months
- Option of 2 month repayment holiday at start of loan
- Price Promise - if you're offered a better rate on a like-for-like loan elsewhere, they claim they will beat it
No matter what size of loan you want to take out and for how long for, you want to get the best deal you can. Remember that Sainsbury’s bank is one lender of many. You can use the calculator tool on this website to compare over 200 different loans from over 20 different loans, so you can see if the right deal for you is out there.
Things to think about
When you are thinking of taking out a loan of any sort you should consider if you have any other options that may be better suited for your situation. If you have any savings for example it may be better to use them as the interest you repay on a loan may be higher than interest you earn from your savings.
There are also other types of borrowing such as authorised overdrafts and credit cards you might wish to consider.