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Personal loans

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% APR based on loan amount of £10,000 over 5 years, at a Fixed Annual Interest Rate of 6.3% p.a (fixed). This would give you a monthly repayment of £193.91 and total amount repayable of £11,634.60.

    Sainsbury’s Loans are provided by National Westminster Bank plc trading as NatWest Boxed. Sainsbury’s Financial Services Limited trading as Sainsbury’s Money is acting as a credit broker and not a lender. Sainsbury’s Financial Services Limited will receive a fixed percentage commission of the amount you borrow for introducing you to a NatWest Boxed loan. These do not impact the interest rate or fees you will pay on your loan agreement. By submitting an application for a Sainsbury’s Loan, you acknowledge Sainsbury’s Financial Services Limited is not acting impartially.

    • Try our loans calculator

    What is a personal loan?

    A personal loan is a fixed amount of money you can borrow, which is paid back with interest in monthly instalments, over a set period. You can use a personal loan to pay for a variety of things, including home renovations, buying a car or making a large purchase.

      Looking for a personal loan?

      Planning a big purchase? Maybe you’re making some home improvements? Perhaps buying a new car? Or consolidating existing debts? It all adds up.  

      Sainsbury’s Personal Loans could help make those dreams a reality:

      • 6.3% APR representative for Nectar members when you borrow £7,500 - £19,999 for 1 - 8 years
         
      • Pay back your loan over 1 - 10 years (dependant on loan value and purpose) with manageable, fixed monthly instalments
         
      • You can borrow between £1,000 - £35,000
         
      • No application or arrangement fee

        Apply for your loan online

        Ready to get the ball rolling? It’s now quicker than ever to apply

        • You could get your money in as little as 2 hours, or the next business day, if you’re accepted
           
        • Our online application is quick and easy to complete, you can sign your agreement online, and have your photo ID ready
           
        • Check your eligible with no impact on your credit score

        Tell us how much you want to borrow, and we’ll show you what your repayments and interest rate could be.

        • Try our loans calculator

        Whether you want to borrow a small amount to give your home a DIY boost or need a bit extra, we’ve got borrowing options to suit you.

            How do personal loans work?

            Personal loans work by allowing you to borrow a fixed amount of money, which you agree to pay back over a set timeframe – known as the term of the loan.

            Personal loans are also known as unsecured loans, which means that the loan isn’t secured to an asset, such as your home.

            The total cost of a personal loan is calculated using an Annual Percentage Rate (APR), which accounts for the interest rate and any other additional charges.

                Personal loan credit checks

                When you apply for a personal loan, we’ll carry out a credit check on your finances. There are two types of credit checks that happen at different stages in your application:

                    Soft credit check

                    A soft credit check is a top-level look at certain information in your credit report. This type of check is done first, to assess how successful your application for a loan might be. Soft credit checks aren’t visible to credit companies and lenders, so they won’t impact your credit score in future.

                            Hard credit check

                            A hard credit check is a complete search of your credit report and it will be visible on your report in the future. You'll be told before we carry one out, it only happens when you submit your application. Too many hard checks in a short period of time can affect your credit score and might make it harder to be approved for a loan in future.

                            Lenders will use information on your financial history to find out things like:

                            • Whether you’ve paid back credit on time in the past
                               
                            • If you’re currently in debt or how much debt you have
                               
                            • How well you manage regular payments

                                    Personal loan approval process

                                    During the approval process, we’ll look at your:

                                    • Income
                                       
                                    • Expenditure
                                       
                                    • Credit score
                                       
                                    • Credit history 

                                    Filling in our online application is easy. You’ll be able to upload any documents you need and sign your agreement online too.

                                      How repayments may work

                                      When taking out a personal loan you’re agreeing to pay it back in regular monthly instalments within a set timeframe. You can choose how long you’d like to take to repay the loan. If you want to pay the loan off early, you may be required to pay early repayment charges. 

                                      It’s important to manage your personal loan responsibly. Here’s how you can manage your loan effectively:

                                      1. Keep on top of your repayments – making your monthly repayments on time and in full can help you avoid any penalty fees.

                                      2. Set a monthly budget and stick to it – this can help you know you’ll have enough money to cover your loan repayments. 

                                      3. Contact us if you’re struggling – if it’s looking likely that you may be unable to meet a monthly repayment, speak to us as soon as possible or log in to your online account to discuss your options

                                        Before applying for a loan

                                        Wondering how to get started? Our loan application process is quick and simple, just enter how much you’d like to borrow in the calculator to get started today.

                                        But before you apply, there are a few things you should think about.

                                          Our lending criteria

                                          To apply for a loan, you need to:

                                          • Are aged 18 or over
                                             
                                          • Are a UK resident with UK address
                                             
                                          • Haven't been declared bankrupt in last 6 years
                                             
                                          • Haven't applied for loan with Sainsbury’s or NatWest in the last 28 days

                                          The information we'll need

                                          To make it easier for you, please have the following to hand when you're ready to apply:

                                          • Your residential address(es) for the past three years
                                             
                                          • Your sort code and account number
                                             
                                          • Details of your monthly incomings and outgoings
                                             
                                          • If you’re a Nectar member, you’ll need to add your Nectar card number to your application

                                          Frequently asked questions

                                          What is a personal loan?

                                          A personal loan is where you borrow an amount of money and then pay it back each month over a set period. These monthly repayments also include interest. So, you’ll end up paying back more than you borrowed.

                                          We only offer unsecured loans, which means we won’t ask for any ‘security’ against your loan, like your home or car.

                                          Can I change my mind about the loan?

                                          Yes, you have 14 days to cancel, starting from when youreceive your loan. If you do change your mind about taking out a loan, contact us within 14 days. You'll need to repay the full amount you've borrowed.

                                          We won't charge you any interest if you pay back your loan within 14 days, and no settlement fees will apply.

                                          • Get in touch by logging into your account and contacting us via chat
                                             
                                          • You can also call us on 0808 160 9552 or send us an email at support@savingsandloans.sainsburys.co.uk
                                             
                                          • Our opening hours are Monday to Friday 9am to 5pm (not including bank holidays)

                                          What supporting documents will I need when applying for a loan?

                                          During the application, we'll ask you about your finances. This will include your employment status, salary and monthly outgoings. Depending on your individual situation, we may ask for more information to help us make a decision about your ability to pay back a loan.

                                          You'll also need to verify your identity during the application. This will involve taking a photo of your ID, and recording a short video of yourself. If you’re unable to verify your identity with a video, contact us via chat to discuss your options.

                                          How much could I borrow?

                                          You could borrow between £1,000 and £35,000 subject to eligibility and affordability.

                                          What is a soft search and why is it used?

                                          To give you a quote we do a soft search of your credit file. This means we’ll share your data with credit agencies, but it’s not a full credit search, so it won’t impact your credit score. You’ll see reference to it on your credit file, but other lenders won’t see it.

                                          How long will it take for my loan to be setup?

                                          You will normally receive a decision for your loan application within minutes of applying. In some cases we will need to perform some extra checks which could take a day or 2. We will get in touch with you once those checks have been completed so that you can finish your application.

                                          What is the eligibility criteria?

                                          To be eligible for a loan with us, you must be a UK resident with a UK address, be over 18 years of age and have a UK mobile telephone number. Any loan is subject to credit worthiness and affordability.

                                          What can you use as acceptable income?

                                          Your income should be combination of all of your earnings. This could include:

                                          • Salary
                                             
                                          • Pension
                                             
                                          • Any benefits you receive

                                          You'll need to give us your total earnings before tax and other deductions.

                                          When should I expect to hear about my loan application?

                                          You will normally receive a decision for your loan application within minutes of applying. In some cases we will need to perform some extra checks which could take a day or 2. We will get in touch with you once those checks have been completed so that you can finish your application.

                                          How do I check the status of my application?

                                          Once you've completed the initial application, we'll email you to let you know what happens next. We'll also let you know by email if we need any further information from you to make a decision.

                                          How do I make monthly repayments?

                                          We'll take your payment each month by Direct Debit. We'll use the bank details you gave us during your application.

                                          Your Direct Debit will show as NW Boxed DD.

                                          If you want to change the account that your repayments are paid from, you can:

                                          • Get in touch by logging into your account and contacting us via chat
                                             
                                          • You can also call us on 0808 160 9552 or send us an email at support@savingsandloans.sainsburys.co.uk
                                             
                                          • Our opening hours are Monday to Friday 9am to 5pm (not including bank holidays)

                                          Can I repay my loan early?

                                          You can make additional payments by contacting us. You can also choose to settle your loan in full. You can get an early settlement quote by logging into your account and heading to 'Request early settlement'. When making an overpayment, you'll pay 58 days interest (28 days if the loan term 12 months or less).

                                          Can I reduce my loan term after making additional payments?

                                          If you make additional payments, your loan term will be automatically reduced. You should be aware that paying off your loan early may mean you have to pay early repayment charges.

                                          How do I close my loan account?

                                          To close your account, you'll need to have fully repaid your loan. If you have an outstanding balance, you can get an early settlement quote by logging into your account and heading to 'Request early settlement'.

                                          When repaying your existing loan early, you'll pay 58 days interest (28 days if loan term 12 months or less). Once your loan has beenfully paid, we'll automatically close your account.

                                          I have not received my loan offer email confirmation

                                          Please double check your email and make sure this has not gone into a spam folder. If you still can't find it, then please contact.

                                          • Get in touch by logging into your account and contacting us via chat
                                             
                                          • You can also call us on 0808 160 9552 or send us an email at support@savingsandloans.sainsburys.co.uk
                                             
                                          • Our opening hours are Monday to Friday 9am to 5pm (notincluding bank holidays)

                                          I have not received a copy of my loan agreement

                                          Your loan agreement would have been included in the 'loan documents' email that you received from us during your application.

                                          Please double check your email and make sure this has not gone into a spam folder.

                                          • If you still can't find it, call us on 0808 160 9552 or send us an email at support@savingsandloans.sainsburys.co.uk
                                             
                                          • Our opening hours are Monday to Friday 9am to 5pm (not including bank holidays)

                                          How do I check my loan account balance and make a payment towards my loan?

                                          How to check your account balance

                                          You can view your balance and details of your next due payment in the loan overview section in your account portal.

                                          You can also view a detailed overview of the payments made throughout the duration of your loan.
                                           

                                          How to make an additional payment

                                          To make additional payments, tap make extra payment.This will provide instructions on how to make a faster payment from your bank account.
                                           

                                          How to make changes to your repayment details or cancel your loan

                                          You'll need to contact us via the ‘help’ widget in the bottom left hand corner of the loan overview section in your account portal.

                                          How can I make an overpayment to my loan?

                                          Log in and select 'Make extra payment' from your loan dashboard. You'll find the details you need to transfer money from your bank account, directly to your loan.

                                          When do I make my first loan repayment?

                                          Your first loan repayment will be one calendar month from the date the loan is released to you. This date can be updated to align with a more convenient date for you.

                                          You'll find the date on your welcome letter. If this day falls on a bank holiday or weekend, the repayment will be made on the next business day.

                                          Your Direct Debit will show as NW Boxed DD.