As well as being the UK’s 2nd largest supermarket group, Sainsbury’s also offer fixed rate unsecured personal loans with generally very competitive APRs. The current typical APR is 7.90%. Sainsbury’s Bank is actually a joint venture between the supermarket group and the Bank of Scotland. Currently Sainsbury’s Bank offers a fairly broad range of financial products including loans, of course, but also credit cards; car, home, life and travel insurance and various savings products.A Sainsbury’s loan lets you borrow from as little as £500 up to a maximum of £25,000. If you want to borrow more (or less) than this you’ll need to choose the “Compare” channel on this page.You can apply for a Sainsbury’s personal unsecured loan online, in most cases receiving an instant decision. Whilst the credit acceptance criteria isn’t as tight as some, our data still shows that over 85% of online applications for “high street” unsecured loans are rejected*, so you may want to make other applications (use our “Compare” channel to find other suitable lenders and apply online). If you’re a homeowner with anything less than a perfect credit record you may be better off with a secured loan, or, if you’re borrowing a large amount, you may be better off extending your mortgage with a remortgage rather than borrowing an additional amount with a Sainsbury’s unsecured loan.*Source: LoanExpert data, April-July 2006Homeowners or tenants can apply online and if your loan application is accepted you could have your within 24 hours. You can use the loan for anything you like; consolidation of existing debts, a new car or home improvements are all popular choices. Sainsbury’s Bank does not offer specific products for car loans or home improvement loans. You can pay a Sainsburys loan back in any period from 1 to 7 years. You can also take a repayment holiday of 3 months at the start of your loan (beware though, you’ll still be paying interest from the start of your loan and you will increase the overall cost of your borrowing by not starting your repayments immediately).