Sainsburys Bank Personal Loan Reviews

Ratings based on 34 reviews Last review 2 months ago

Sainsburys Bank personal loan reviews on Smart Money People are honest reviews. If you're trying to determine whether this is the right personal loan for you, reading our Sainsburys Bank personal loan reviews can help you to find out what other people...

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Sainsburys Bank personal loan reviews on Smart Money People are honest reviews. If you're trying to determine whether this is the right personal loan for you, reading our Sainsburys Bank personal loan reviews can help you to find out what other people have to say. Smart Money People launched in October 2014 to help people like you to find the best personal loans. If you have used a Sainsburys Bank personal loan, we'd love you to write a quick review too.

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Your Personal Loan Reviews (34)

26th December 2018

20th century processes

Everything is slow and clunky. Paper forms need sent off!!! It’s 2018 for goodness sake. We were in a hurry for the cash so I phoned to check it was all going ok. ‘Yes all fine - 2/3 working days and you will have the money’ was the answer. Then 8 days...

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Everything is slow and clunky. Paper forms need sent off!!! It’s 2018 for goodness sake. We were in a hurry for the cash so I phoned to check it was all going ok. ‘Yes all fine - 2/3 working days and you will have the money’ was the answer. Then 8 days later dropped through the door. Our application fell at the final hurdle because I had applied in my given name ‘Joe Bloggs’ but the name on the bank statement I sent away included my middle name ‘Joe William Bloggs’. I would have to start from scratch.
Well I went elsewhere and instead Sainsbury’s will have to start from scratch at attracting my custom back to ANY of their businesses. Crazy. Avoid.

23rd October 2018

Very fast and efficient

I applied for a car loan 9k on line at the 2.8% on a Saturday after completing a non complicated form and some security questions I was advised I had been accepted and could sign agreement electronically (much easier) Monday morning the money was in...

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I applied for a car loan 9k on line at the 2.8% on a Saturday after completing a non complicated form and some security questions I was advised I had been accepted and could sign agreement electronically (much easier) Monday morning the money was in my account full contract and details of the loan were sent to me and confirmation email with cooling off period.
I had read reviews regarding time it takes and changed rate, I had a perfect hassle free fast experience.

23rd July 2018

Total con artists

Told usually nonsense about what loan cost would be before going through credit checks. Came back to say happily give you loan but at £300 more. Seems like an utter scam try to get you to continue once credit check completed against your account. I ...

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Told usually nonsense about what loan cost would be before going through credit checks. Came back to say happily give you loan but at £300 more. Seems like an utter scam try to get you to continue once credit check completed against your account. I have a perfect credit score, own my own house and a great salary and previous loans with Sainsbury bank were offered lower rate and repaid perfectly. I seriously doubt anyone gets offered the advertised rate and Sainsbury’s are playing on the fact that once they run a credit check they know the customer won’t like to run too many credit checks on the account or it negatively impacts them. They therefore make a poorer offer afterwards to make as much money from that customer as they can. Such bullyshit from Sainsbury’s

25th May 2018

Slowest loan on the planet

In this digital age, with excellent credit rating you’d expect to apply and get your money within a working week...

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In this digital age, with excellent credit rating you’d expect to apply and get your money within a working week.
Not at Sainsbury’s.

I really wish I could go elsewhere but I’m stuck waiting to get the money for nearly 2 weeks unless I want my credit rating to take a big hit.

Not impressed. 

21st November 2017

Worst Bank experience ever!

The worst service I have ever had from a bank! I applied for a loan online on a Friday which was immediately approved in principle. I was slightly disappointed that they needed to post out documents (supposedly first class) to me to sign and I had to...

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The worst service I have ever had from a bank! I applied for a loan online on a Friday which was immediately approved in principle. I was slightly disappointed that they needed to post out documents (supposedly first class) to me to sign and I had to return them for me to receive the loan.

On Saturday I received another email stating that they could not offer me the advertised 2.7% APR rate but my offered rate would be in the documents they had posted. Once I returned the documents they would process the loan and the money would be in my account in 3 – 5 working days. So much for instant online trading.

Nothing arrived in the post on Saturday, Monday or Tuesday however I received an email on Tuesday stating they needed more information in order to process the loan. I rang the number provided to be told the loan was with underwriting as I was self employed. I was eventually told I had been declined, even though I have a credit score of 999 and have never defaulted on anything in my life!

I only picked Sainsburys as they had the lowest rate on Money Saving Expert who I trust. I will be going to a proper bank now instead of cowboys who should stick to selling bread.

1st July 2017

Old school loan

My loan with Sainsbury's was at a fantastic rate, so really chuffed with that. But setting up was a little more daffy than I'd have liked, and involved confusingly worded emails and posted letters. It all felt a bit old school waiting for things in...

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My loan with Sainsbury's was at a fantastic rate, so really chuffed with that. But setting up was a little more daffy than I'd have liked, and involved confusingly worded emails and posted letters. It all felt a bit old school waiting for things in the post. Emails looked basic which always makes me question the validity of the sender in this world of identity fraud.

29th June 2017

Poor slow service

Applied for a loan three weeks later advised that they were thinking about it and then they tell you can't have the advertised rate, I have a perfect credit history and believe that they pull you in with the offer of something they won't deliver so...

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Applied for a loan three weeks later advised that they were thinking about it and then they tell you can't have the advertised rate, I have a perfect credit history and believe that they pull you in with the offer of something they won't deliver so that they can get more out of you with a higher rate

30th May 2017

sneaky percentage rates

after the initial quote online and via an email (including a small diaclaimer about the rate may change) when my paperwork came through to sign the apr had increased from 3% to 12% which a lot of people may not even notice. i put it straight to the...

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after the initial quote online and via an email (including a small diaclaimer about the rate may change) when my paperwork came through to sign the apr had increased from 3% to 12% which a lot of people may not even notice. i put it straight to the shredder and got bettter quotes from elsewhere

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