Sainsbury's Bank internet loan rates cut

Sainsbury's Bank internet loan rates now stand at 6.1 per cent APR typical, following a cut of 0.2 points.

The new rate applies to all internet loan applications for at least £5,000 and is available until December 31st.

Decisions will be made immediately if customers apply online and if successful, customers will receive a cheque for the full amount within 24 hours.

Furthermore, those borrowing a Sainsbury's Bank internet loan have the option of making no repayments for the first three months.

Rachel Brereton of Sainsbury's Bank said: "The new rate is perfect for anyone planning a holiday or looking to make a few special purchases for Christmas."