Write a review

Sainsburys Bank: Personal Loan reviews

Name: Personal Loan
Rating: 3.3 (69 reviews)

View other Sainsburys Bank products

3.38

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

Read all reviews Write a review

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.

Review Sainsburys Bank: Personal Loan now

Help others make smarter decisions by sharing your own experience.

Write a review

Sainsburys Bank Personal Loan reviews (69)

No issues

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

Good

Very good........................ Reviewed on: 5th June 2018

Slowest loan on the planet

In this digital age, with excellent credit rating youâ€™d expect to apply and get your money within a working week. Not at Sainsburyâ€™s. I really wish I could go elsewhere but Iâ€™m stuck waiting to get the money for nearly 2 weeks unless I want my credit rating to take a big hit. Not impressed. Reviewed on: 25th May 2018

Value!

I have had several loans from Sainsburys Bank, always a straightforward process and a good experience even where making early settlements Reviewed on: 5th January 2018

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 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. Reviewed on: 21st November 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 the post. Emails looked basic which always makes me question the validity of the sender in this world of identity fraud. Reviewed on: 1st July 2017

Easy to apply

Great rates, easy application, quick cash transfer Reviewed on: 30th June 2017

Cheapest rate and no drama. Recomended

As title suggests. Easy quick and cheapest rate Reviewed on: 30th 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 that they can get more out of you with a higher rate Reviewed on: 29th June 2017

Easy as that

Large loan approved with no hassle with small interest rate and repayments Reviewed on: 29th June 2017

Do you have a different Sainsburys Bank product?

Share your experiences with products to help others make smarter financial decisions and learn more about different products available. Write a review

Are you a business? Get insights, reply to reviews, invite customers and understand their needs

There's still more to see!

Sainsburys Bank has a range of products available. Check the ratings of each product to find the right one for you. View all products

Join Smart Money People

Keep up to date on ratings of your favourite businesses. Find out about our awards and write new reviews with ease

Create an account

News, guides and insight from our team

View resource hub