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Sainsburys Bank: Personal Loan reviews

Name: Personal Loan
Rating: 3.33 (70 reviews)

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3.41

Based on 70 reviews, last reviewed 15th Jun 2025

100% increase in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

45%

14%

33%

Latest highest rating:

5

Sainsbury’s accounts I used Sainsburys for a loan because they are a trusted reliable company, the service was good and I was not dissatisfied in any way, I would always ... Read more Reviewed on: 15th June 2025

Latest lowest rating:

1

Taking the proverbial Applying for a Sainsbury's loan is very misleading and annoying especially as a Nectar card holder! You give and show a 4.8% APR as a Nectar card hold... Read more Reviewed on: 6th March 2023

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About this product

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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Sainsburys Bank Personal Loan reviews (70)

Great company

Good company, great rates and quick responses. Reviewed on: 11th July 2020

Easy application and helpful customer service

I applied for a Sainsbury's loan and the process was very easy - they were readily available to speak to me on the phone and organise everything. I applied for the loan and was able to receive the money within a matter of days. Reviewed on: 29th April 2020

Great service

Simple easy friendly service, can't fault them really! Reviewed on: 28th April 2020

Loan review

Fast and painless experience with very competitive rates and easy ways to manage the product throughout application and after sale Reviewed on: 27th April 2020

Interest rate

My credit rating was excellent in all rating agencies, when I applied for personal loans Sainsbury banks site was showing.2.9%. After completion the application process the interest rate was 12%. So don’t trust this bank. HSBC IS THE BEST. Same thing happened to my wife too Reviewed on: 3rd April 2020

Process takes a long time

They are unable to deliver the loan in the 3-5 day window quoted, so dont expect the loan if you need it quickly. The customer service team are completely hand tied. eg - The application is over 5 days, can you send digitally? No sorry we can't sir. OK. Can you upgrade the postage to first class, so we get the letter quicker, as you have not delivered on your 3-5 day window? No sir sorry. Sorry sorry sorry. Please senior management empower your teams, only way you can improve service! Reviewed on: 13th March 2020

Falsely give low %

2.9% offered then after they take your bank details up to 6.3% ? Called number on Web page to question this and young lady said ....yes this is norm for over 50% who apply. All misleading and dishonest advertising. Reviewed on: 3rd February 2020

Go Elsewhere

You don't get offered the rate they advertise. Then they take 3-5 days to process your settlement and up to 90 days to clear your credit file. Reviewed on: 20th December 2019

not the best but not the worst

Had a loan with them a number of years ago.Good rate then and looked up for a loan 8 month back not a bad rate then. Reviewed on: 6th November 2019

Worst Bank ever! Most obsolete web app ever seen!

Worst bank ever! Most obsolete customer login panel I have seen is just one enormous pain in the as*. The customer is not informed about anything! No emails/letters/text messages. Those thieves just silently waiting to steel you hard earn money. Stay away, you have been warned. Reviewed on: 4th November 2019

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