Sainsbury's Bank loan rates slashed

Sainsbury's Bank has announced it has cut its loan rates for all applications made on the internet for at least £5,000 to 6.3 per cent APR typical.

In addition customers with a Sainsbury's Bank loan can choose not to make any repayments for the first three months.

Rachel Brereton, loans manager at Sainsbury’s Bank, said: "This special offer is perfect for anyone looking to plan a winter break away or make a special purchase in the coming months."

Further features of a Sainsbury's Bank loan include an instant decision when the application is made online, as well as a first cheque within 24 hours.

The offer is limited and is available to customers until November 8th 2005.