Sainsbury's Loans Reviews - www.sainsburysbank.co.uk

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★★☆☆☆
1.8 / 5
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Latest Reviews

★★★★★

“No problems”

Written on: 01/04/2014 by Urquhartxc213 (1 review written)

I applied online & was given the 'approved in principle' which seems pretty standard. i applied for 5k over 2yrs. Forms arrived after 2 days to be signed & money was transfered within 2 days. I am not a homeowner & i'm self employed with only 2yrs clean credit so i really did not think i would be accepted. I have read reports of squeeky clean home owners been turned down so it just proves you never know!. I was never asked for proof of income. My apr was finally 8.9% but i'm happy with that… Read Full Review

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★☆☆☆☆

“Worst ever credit provider in the UK”

Written on: 27/03/2014 by Jaylenr495 (1 review written)

Applied for a loan on 24/03 to buy a car. No instant/60 second decision as advertised. Not even an e-mail confirming application submission, no call back or e-mail confirming decision even after three days. On calling up, have to wait a minimum half hour before you get through to anyone and after asking me every detail about my loan application all over again, was told that they were sorry...etc etc and that they couldn't provide a standard loan and I should refer to the credit report for… Read Full Review

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★☆☆☆☆

“Got our hopes up! ”

Written on: 12/03/2014 by Ernesta24 (1 review written)

Its was easy to fill in the online form for me and my partner, it took about 5min. Once it was filled in we got a message on the screen saying our applicaton has been agreed in principle. In the mean time they will be doing more checks and if the applicaton is withdrawn they will contact us. We got our hopes up in thinking that the applicaton is more than likley not to be withdrawn as they had done the credit check instantly (I knew this as it was on my credit report already). My credit score… Read Full Review

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★☆☆☆☆

“Pass on your details”

Written on: 04/03/2014 by sarah1king (1 review written)

I applied for a sainsbury's personal loan, which I was turned down for. Not really worried about that, got a loans with Nationwide, but they have passed my details on the a company called Freedom Finances. This company have been ringing me 3 times a day, everyday! If I'd of know that, there's no way I would of used them… Read Full Review

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★☆☆☆☆

“apr doubled”

Written on: 01/03/2014 by Wallacegy307 (1 review written)

Searched online for a loan decided to go with sainsbury after seeing the low apr offer,shouldn't have bothered it came through at double the apr,I checked my credit score before applying so the story they gave me on the phone regarding my credit when I rang to complain where nonsense and the call centre staff where no help. I wont be signing the paperwork to send back id rather go elsewhere,the paperwook also took three days to arrive so not good,just sneaky and greedy in my opinion, steer… Read Full Review

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★☆☆☆☆

“Very poor”

Written on: 17/02/2014

Decided to consolidate my loan since my credit score was excellent after enough time waiting to get it in good shape. Applied online at Sainsburys and it was approved at 4.9%. I then receive an email the following day asking me to ring them. I then get offered a loan at 10%, more than double the original offer with no explanation. Just a way to get you to apply and then once they have reeled you in they double their interest rate, can't believe you can get away with it… Read Full Review

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★★★★★

“Perfect”

Written on: 14/02/2014 by trinity666 (1 review written)

After googling a lot and reading through 100s of reviews(most of them were negative), I applied for a loan(i always like to take chances.) So Loan details: Loan Amount: 10,000 Duration : 2 years Advertised Rate: 4.7% (after reading loads of reviews , i knew i will not get this rate) Rate I Finally got: 5.7% The Process So filled in the online application(which many have complained to be a long process and i DISAGREE)in 5-10 minutes. Immediately got the message:"Your application has been… Read Full Review

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★★★★★

“Great Service - as advertised. You worried me over...”

Written on: 29/01/2014

I applied for a Sainsburys loan last night and having read all the awful reviews on here, i decided to ring them today to check that all was ok. Spoke to an advisor who was really friendly and helpful. We went through a few details and i confirmed what the loan was for (debt consolidation). Me and my partner applied for a joint loan, and having registered us both with Experian today i know that my credit rating is 905 Good and his is 849 Fair. Great news tho... its been approved and we… Read Full Review

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★☆☆☆☆

“Don't waste your time!”

Written on: 31/12/2013

Applied online. Accepted in principle and told that the paperwork would be sent first class. The next day I received an email telling me they needed more information and to phone them. I did so and was turned down and told to check my credit rating which obviously I did before I even applied. Waste of time and now I am stuck with two sainsburys searches on my credit report for a year. Don't use them … Read Full Review

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★★★★★

“fantastic”

Written on: 26/11/2013 by yorkyred (2 reviews written)

Did what they said on the tin for us. Agreed in principle and then confirmed in hours. Paperwork sent out in a couple of days and the money in the account within three working days of sending it back. From our experience, highly recommended… Read Full Review

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★☆☆☆☆

“It's dishonest”

Written on: 16/11/2013 by Stillgame4u (1 review written)

I applied online for a loan, I also got an email saying accepted but terms may be different, when the agreement came, it was 1.1 % over the online rate! the rate advertised online was 6.4% an agreement said 7.5%, I rang up and queried who said perhaps my credit rating wasn't good! well I knew it was good! anyway she put me on hold and spoke with her boss and hey presto it dropped to 6.5% instantly. I said I wanted the 6.4% as advertised! they wouldn't budge so I said forget the whole thing… Read Full Review

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★☆☆☆☆

“Don't touch them with a barge pole!!!”

Written on: 31/10/2013

I saw this advertised on the web after getting a quote from my own bank which was 7.2% APR for £15,000 which was agreed if I wanted to take it out. Applied on the Sainsbury's Website and was told to call them. I found the agent was quite rude with me and talking to me as if I was a criminal and very stupid. After this chat she then had the pleasure of turning my application down and told me to look at my Credit report. I did just this and everything was as I thought it was - Excellent. No CCJ… Read Full Review

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★★★★☆

“quick result,money was paid quickly but slight change...”

Written on: 29/10/2013 by juliemayberry (1 review written)

Applied for a loan on Saturday 19th October. Received an instant decision saying I had been accepted in principle.I received an email the next day to confirm I had been accepted but on different terms but there was no mention of the terms. I called and they confirmed the rate had gone up by 1%.a difference if 10 pounds a month.I received the paperwork on Tuesday and returned it on Thursday. The money was paid to the bank today. I would have given it 5 stars if it had not been for the rate change… Read Full Review

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★★★★☆

“Worked for me and no complaints”

Written on: 27/10/2013 by Cw28 (1 review written)

I applied for a Loan and in the past I haven't had great credit, I have worked hard for 5 years to rectify my poor credit so I was surprised I was accepted when I read the bad reviews, I wasn't offered the lowest rate but the difference in monthly payments was minimal so I was happy,it's still a lower rate than other banks I had compared plus I got the double nectar points deal which is great for me as I shop regularly at sainsburys, spoke with a lady in customer services today and she was… Read Full Review

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★★★★★

“Worked fine for me”

Written on: 09/10/2013

I applied online for a £12K Sainsbury's loan on a Sunday and got the forms through with the advertised 4.9% APR the following Tuesday. I returned the agreement straight away and the money went in to my account 3 working days later as promised. The process seemed pretty painless from my experience. Maybe I was one of the lucky ones, but the APR beats any of the other loans around at the moment so might be worth a shot if you have a good credit history… Read Full Review

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★☆☆☆☆

“Refused on a 15k loan ”

Written on: 03/10/2013

I can not believe that I was refused, home owner, no CCJ's, never missed a payment on anything not good enough apparently! I work for Sainsburys and am appalled! One of the ways the company plans to increase its revenue is through other channels apart from food retail (mobile, ebooks, sainaburys BANK!!) good luck with that!… Read Full Review

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★☆☆☆☆

“Very Poor - Advertised Rate was not offered”

Written on: 26/09/2013

As per others, I wasn't offered the rate advertised, despite having no credit problems and an excellent credit score. I object to my credit record being blighted by this dishonesty and I am considering reporting them to both the ASA and FCA. Very poor show by a high street name… Read Full Review

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★☆☆☆☆

“appalling - stay away”

Written on: 21/09/2013 by cippalippa (1 review written)

Rejected a loan in spite of a 77k salary, 966 credit score (excellent). I was told over the phone that this was due to low credit score, which is obviously not true. DO NOT WASTE YOUR TIME AND ENERGY. IT IS REALLY NOT WORTH IT… Read Full Review

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Pollyperkinsbigmouth's Response to cippalippa's Review

Written on: 09/04/2014

£77k salary and you're wanting a loan! Sums it up really!

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★☆☆☆☆

“Rejected with a excellent credit score of 999!”

Written on: 20/09/2013

Rejected when my credit score is excellent and they don't advise why!… Read Full Review

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★★★★★

“Very Quick and easy - better than HSBC”

Written on: 16/09/2013

Applied on Sunday got money today (Monday) very quick, easy and no issues at all. Got the APR they offered which was 5.1% for £10k over 3 years! Def use again and very happy… Read Full Review

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