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Sainsburys Bank: Personal Loan reviews

Name: Personal Loan
Rating: 3.3 (69 reviews)

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3.40

Based on 69 reviews, last reviewed 25th May 2024

No new 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

Excellent customer service and they give me excellen... Excellent customer service and they give me excellent rates for personal loan Reviewed on: 25th May 2024

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. ...

Sainsburys Bank Personal Loan reviews (69)

Review of the Sainsburys Bank, Personal Loan:

asking for £400 more than outstanding balance when I am clearing 5 year loan in 1 year!

I was told when it comes to settlement, the settlement figure includes 58 days of interest on original balance! and in reality now they are saying it's on top of outstanding balance which already contains the interest FOR NEXT 4+ YEARS how is this even fair and how are these cowboys getting away with it??? Never using these cowboys taking advantage of genuine and vulnerable people Reviewed on: 26th April 2022

Very easy to apply for

Very little fuss and easy to talk to on the phone too Reviewed on: 15th April 2019

Good service

Easy loan good service reliable bank Reviewed on: 13th April 2019

Not the lowest rate as advertised!

The loan application is simple enough, you fill in some details and they give you a likely interest rate (in my case 2.9% on £7500). You then proceed and they carry out a credit check leaving a, "mark" on your credit file and come back to offer an interest rate of over 7% (somewhat higher than indicated!). I have no outstanding debt, i am mortgage free, I earn over 40k a year i have never defaulted on a payment for anything. Of course you then become wary of applying for a loan ... Reviewed on: 28th March 2019

Rip Off

Sainsburys tempt you in with a low interest rate so they are at the top of the best deals list, then when you apply its possible dont get the low interest rate you thought you might be getting (and was tempted with in the first place) and you dont know this until you apply, then if you dont like it your reluctant to try elsewhere because you have already just applied for credit and might not get accepted. I am trying to pay my loan off early (had it 2 months) and the interest is... Reviewed on: 28th March 2019

Amazing

very helpful, affordable repayments Reviewed on: 5th January 2019

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 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... Reviewed on: 26th December 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 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. Reviewed on: 23rd October 2018

Don't even bother

What an absolute joke! My partner and I were approved we sent our papers off over a week ago and still waiting for our money! Shouldn't even take two days let alone over a week! Joke!! Reviewed on: 28th 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 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 playi... Reviewed on: 23rd July 2018

No issues

Seems friendly and have had no issues Reviewed on: 30th June 2018

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