Sainsbury’s Bank slashes the rate on its personal loans in flash sale – making …

Sainsburys Bank has slashed loan rates to 3.9 per cent on amounts between £7,500 and £15,000 in a temporary loan sale lasting until 3pm on Tuesday July 22.

The supermarket giant has become the first lender to open up the record low interest rate to all with its Standard Loan, although borrowers will have to sign up for a free Nectar card online or in store to take advantage of the deal.

HSBC was the first to make the move below 4 per cent last week, but reserved the offer for existing or new current account customers.

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