Personal loans calculator
Personal loans from £1,000 to £35,000.
A new car purchase, home renovation or debt consolidation? Our loans could help. To apply for a loan, you must be 18 or over and a UK resident.
Representative 6.3% APR for Nectar members. This rate is available on loans between £7,500 and £19,999. Other loan amounts are available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from representative APR.
Representative example
Representative 6.3% based on loan amount of £10,000 over 5 years, at a Fixed Annual Interest Rate of 6.1251% (nominal). This would give you a monthly repayment of £193.91 and total amount repayable of £11,634.60.
Use our calculator below to find the right loan for you and apply online
All quotations given are for illustrative purposes only.
Personal Loan Calculator
Tell us how much you want to borrow and we'll show you what your repayments and interest rate could be.
(3 years 0 months)
| Nectar member | Non-member | |
|---|---|---|
| Monthly repayments | £229.19 | £229.87 |
| Total repayable | £8,250.67 | £8,275.23 |
| Representative APR | 6.3% | 6.5% |
*This is the potential amount you could save with our member rate. It's the total amount saved over the entire length of your loan term. This figure will change depending on what you enter into the calculator.
By applying for a loan, you're agreeing to the Sainsbury's Financial Services privacy notice and terms and conditions.
Why use a loan calculator?
Our online loan calculator is a quick and easy way to see how much your loan could cost you. The calculator can:
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Tell you how much your monthly repayments may be. You’ll see a monthly figure and also find out the total repayable amount for your loan that you could be offered, based on the representative example. Our rates depend on your circumstance and loans amount and may differ from Representative APR
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Let you know the cost of borrowing over a year. Using the information you’ve given, you’ll see the Annual Percentage Rate that outlines interest and extra charges. This is based on the representative example. Our rates depend on your circumstance and loans amount and may differ from Representative APR
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Display the fixed annual interest rate you may be charged. Find out the interest that you may be charged as part of your monthly repayments, according to the representative example
How to use our loan calculator
Our personal loan calculator is quick and easy to use. We'll need to know:
- How much you’d like to borrow – you can borrow any amount from £1,000 to £35,000
- How long you'd like to repay your loan – you can choose up to 10 years for loans between £7,500 - £35,000 (dependent on loan purpose)
- Whether you’re a Nectar member – tick the box that applies to you. If you’re a Nectar member you can access our lowest rates
- Your Nectar card number – if you selected yes, enter your Nectar card details
Once you’ve given all this information, you can check your results, which outline what rate you could be offered, what your monthly repayments and total repayable could be, based on the representative example. If you’re happy with the results, you can click Apply Now and start your application today. Any information you’ve provided prior to this point won’t affect your credit score.
How can I improve my loan eligibility?
There are several things that you can do which could improve your chances of being accepted for a loan. However, it’s worth bearing in mind that none are guaranteed to result in a successful application:
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Try to improve your credit score – avoiding making multiple applications for credit (such as credit cards, loans etc.) in a short space of time, paying bills and debt repayments on time and getting on the electoral roll may all help improve your score
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Check for bad financial ties – if you’re financially connected to someone with bad credit, for example an ex-partner, this could affect your likelihood of being accepted. If this is the case, you can apply for a notice of dissociation, to show lenders that you’re no longer connected to them
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Obtain credit if you have none or bad credit – taking some basic steps toward improving your credit situation may help improve your eligibility chances. This can include doing simple things like opening a bank account, setting up direct debits and keeping up with any repayments
How our loan application works
From buying a car, making home improvements or sorting out your finances, there are many occasions where a loan can come in handy. And it could be more affordable than you think.
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Our online application is quick and easy to complete. If you’re successful, you can sign your agreement online, and upload any documents we might need
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You could get your money in as little as 2 hours, or the next business day, if accepted
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Find out how likely you are to be accepted, and rate we might offer you, without affecting your credit score