​was only looking for 7500 thats why :laughing:

also this is 2.9% not 2.8% :wink:

Going to give them a call. Paperwork arrived today with 6.4% Apr. Don't think so!!!

Got paperwork in this am. Said online I didn't get advertises rate, but has come in 2.8%. Much cheaper than car finance. Cheers!

already had a sainsburys loan 3 years to go £9500 to pay at 3.6%, so thought see if i can get it cheaper went through the process and he said 6.9% lol 10 mins of my life i wont get back :smiley:

Probably not. At an LTV of 60% or less you can get mortgage rates of nearly 1%

I would be grateful for a little advice.....
I currently have a personal loan (nationwide) if I were successful with the Sainsbury's application and accepted online, would I be bound to the loan straight away?
My plan,
1. To get Nationwide to "price match" the Sainsbury offer if I have proof of acceptance, then pay off remainder of current loan then live life on the lower apr and some change in the bank.
2. Keep the Sainsbury offer but then arrange an early pay off with Nationwide.
My concern is that it goes balls up and I'm stuck with 2 loans. Does anyone know if my options are do-able or offer some alternative advice. Many thanks.

I was looking for a mortgage of £30k thinking now it would be best to pay as much as possible leaving myself debt of £19,999 it currently shows 2.9% over 5 years, has to be better than a mortgage?

​you've saved me over 50.00 a month in repayments and a reduction from 12.9% on current loan (ridiculous rate I know) really do appreciate you taking the time to post

Applied but didn't get the advertised rate. Will call them shortly to find out what rate they've offered me!

Cheers!

thank you for this, applied this morning and have been approved 2.9%

i applied a few months back hoping to get the advertised 3.1%apr (already had an offer from nationwide for 3.2% apr with a price match guarantee to match and reduce the apr ) but was offer double that at over 6%apr from sainburys- did say that they would price match my offer from nationwide but wasn't worth all the hassle to wait days for the cash- nationwide paid instantly.

May i also add- when you applied online with sainsburys it only tells you that you have been approved - it does not tell you the apr you have been offered until you receive the offer in the post- or you can confirm by calling them up and asking.

Now Active. Link updated

https://www.sainsburysbank.co.uk/borrowing/micro/med-std-60?SID=717MS&cid=AGG_ALL_091501

3% ian the lowest I can get in the calculator

I'm after £20k over 60 months

Yep, I'm still getting 3.1% and it jumps to 3.5% when you reach £20k

This is still showing at 3%?

12hours too late for me. I've just applied for a loan this afternoon and been accepted @ 3.1%.

So am I correct to say these rates have recently gone down? Only about two months ago I checked borrowing £19500 and the lowest rate was 3.1% with Sainsbury's. Now it is 3%? How long will these rates be for?

I'm not sure if this has been covered yet - how many applicants have to get the headline APR?

50% of ACCEPTED applications are guaranteed to get the headline rate

So more people will be declined for the loan based on them having to give over 50% this rate. Is that how it works?

​Regardless who gets declined ....half of those accepted will get the headline rate. ....they will only turn down a higher than average credit risk..

51% of customers have to be offered this rate for them to advertise as a typical APR

****upto****I dont think anyone gets this rate.Correct me if anyone does get it :smiley:

yay i can finally put down 5% on that inner city bedsit

Subject (of course) providing you have an outstanding credit rating

time to buy the wife a motor :disappointed: