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

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★★☆☆☆
1.9 / 5
25% of users recommend this
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  • Value For Money

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Latest Reviews

★★★★★

“Brilliant. Couldn't complain”

Written on: 20/11/2014 by 210Nolan (1 review written)

Applied for sainsbury's loan. Wouldn't accept bank details. Used a temporary account details and the loan went to approved in principle. We phone this morning, changed the bank details and was accepted in the same phone call. They have increased the percentage rate but im not overly concerned with that. Just to happy to get the loan and get started on my home improvements. If you are slow on the application it will time out and start again. Make sure you have all the information available… Read Full Review

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★☆☆☆☆

“Do not attempt a loan here!”

Written on: 02/11/2014 by ubGoode318 (1 review written)

With a brilliant credit score from my bank and no external lending or issues which could have reduced the chances of a loan, my loan was unsuccessful leaving this footprint on my record. The eligibility criteria is definitely not worth paying any attention to and there was absolutely no reason provided as to why. Since there was such a good recommendation from elsewhere, this is massively disappointing. Do not waste your time - wish I couldn't even give a star… Read Full Review

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★★★★★

“Super quick, friendly and helpful”

Written on: 23/10/2014 by Kailey33 (1 review written)

I applied for a loan with Sainsburys after receiving a letter through the door advertising a 4.4% rate for Nectar Card holders, with bonus rewards. I applied on 16 October, by telephone, was accepted and approved in principle and received the Agreement on 17 October, returned it on 20 October and the money is now in my bank, as of this morning, 23 October. I cannot fault them. I already had a loan with them and was using the new loan £11,500 to pay off and consolidate my other debts. The… Read Full Review

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★☆☆☆☆

“Disappointed & disgusted”

Written on: 22/10/2014 by Slattery296 (1 review written)

I was refused a loan last night as I had failed their "internal scoring" system. I am a homeowner, living with my partner, also excellent credit score and never been late with paying loans or credit cards. I was extremely distressed, others seem to have suffered the same treatment. Ironic, that I have had in the post this morning a "rather lovely" letter from Sainsbury's that the credit card (zero balance currently) has been increased to £7 500, obviously quite happy for me to run 7.5 K up on… Read Full Review

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★☆☆☆☆

“Disappointed.....”

Written on: 30/09/2014 by Delaneyiw1984 (1 review written)

I applied for a loan and for the first time in over 30 years I was refused credit. (I have an Experian rating of excellent) We own our home with no mortgage and have very limited outstanding credit. We have had a Sainsbury's credit card for many years and have never defaulted/late on any loan in this time. We have just paid off a Sainsbury's loan after 3 years. All Sainsbury's want to do is forward you to a company called Freedom Finance who are being financed by Sainsbury's but charging three… Read Full Review

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★☆☆☆☆

“Dont go near them with a barge pole ”

Written on: 07/09/2014 by Jordynd138 (1 review written)

Now paid me £150 in compensation for incredibly poor service and still not resolved. Please borrow from someone else… Read Full Review

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★☆☆☆☆

“Waste of time”

Written on: 26/08/2014 by 462Hill (1 review written)

Extremely annoyed that I applied via sainsburys. I applied on line which was very quick and the result was that I'd been approved in principle for their 4.1% APR loan. They said they'd do final checks and send documents 1st class. I waited a week and still nothing. Decided to call and after 20mins on hold finally got to speak to someone who told me my application was declined. No reason and no apology for not having been informed of this. All they tried to do was push their freedom finance… Read Full Review

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★★☆☆☆

“My credit loan”

Written on: 16/08/2014

I applied for a loan a little over 2 weeks ago. Applying for this loan online is simple & easy to use. It seemed to good to be true that I was getting an APR rate of 4.5% !!! As soon as I had been accepted for the loan they told me the APR could change due to amount I had taken on (Just over £9,000) The customer service is great and how quickly the speed of the loan takes is also fast. However, when I received the documents stating that the rate was 7.1% to say I feel cheated was an under… Read Full Review

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★★★★☆

“Fast & Easy Job done ”

Written on: 06/08/2014 by Arturoc416 (1 review written)

I applied for a Sainsbury's loan on line. Prior to applying I read the same reviews and was very apprehensive. Should I have apply or Should I go with my own bank even though they might give me a higher rate? but surprisingly my own bank gave me high APR where Sainsbury's gave me cheapest in Market . Really recommend this… Read Full Review

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★★★★★

“Fantastic service highly recommend”

Written on: 29/07/2014

This is the second loan this year from sainsburys first was for £7500 for home improvements and second was for £10000 for a car, applied online for both was told in seconds at the end of application that the loan was agreed in principle 2/3days later paperwork arrived, signed and sent back was told 3/5 day for money to appear in my account on them receiving paperwork was paid in on the third day, no problem very straight forward 5* service can't recommend them enough… Read Full Review

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★☆☆☆☆

“do not use”

Written on: 27/06/2014 by kkuyt87 (1 review written)

Do not use this company for loans .They are not helpful or understanding in any way… Read Full Review

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★☆☆☆☆

“not a caring bank”

Written on: 06/06/2014

Had a car loan with sainsburys for 5yrs and applied for another loan in march I,d never been late with payments so they were fully aware of my reliability but turned me down with no explanation when I checked with Experian my credit score was 999 I rang sainsburys and some snooty call handler said must have been other factors and no point in appealing against decision I went to my own bank who of course said yes won't touch this company again… Read Full Review

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★☆☆☆☆

“Very poor!!!”

Written on: 24/05/2014 by Shanzielle (1 review written)

Applied for a loan and put in reason for holiday. They can lend you a holiday money just for flight and accommodation but they can't lend you money for you to spend on holiday! What a load of rubbish! If you go on holiday of course you need extra money for spending!!!!… Read Full Review

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★☆☆☆☆

“Pharme95”

Written on: 18/05/2014 by Chavezxl199 (1 review written)

Hello! bdgkcfk interesting bdgkcfk site! I'm really like it! Very, very bdgkcfk good!… Read Full Review

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★★★★★

“Fast payment and no issues for 25k loan”

Written on: 14/05/2014 by 455Velez (1 review written)

I applied for a Sainsbury's loan on 01 May 2014 online. Prior to applying I read the same reviews and was very apprehensive. Should I have apply for less? Should I go with my own bank even though they might give me a higher rate? My Credit score is in the 900s and i have a mortgage. I was expecting the large mortgage to be an issue. But I applied. Got the dreaded "approved in principal" so thought here we go the slight elation of being accepted will follow with a dreaded call or letter in a few… Read Full Review

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★★★★★

“Very happy!”

Written on: 11/05/2014 by Moniqueb157 (1 review written)

I applied online for a Sainsbury's bank loan for £7,500 to consolidate an existing credit card borrowing. My credit rating at the time of application was fair/good ( around 870 points with Experian) beacuse of my high level of credit card borrowing (no other negative factors). My bank (Barclays) told me they are unable to offer me a loan although I'm with them for over 8 years; they have a full history of my finances management (i've never defauled on any payment or missed any direct debit)… Read Full Review

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★☆☆☆☆

“timescales longer than they say!”

Written on: 02/05/2014 by jamescarlie (1 review written)

I applied for a loan with sainsbury as I previously had one and.they were really good. Quick online decision turned out to be a provisional decision and you had to wait for the Apr in the post. Then another phone call needed for more checks. They were fast sending out the next paper work which says you will get your loan in 3 3 working days once.we received it. 4 working days once they received this I had an apology. For delay email asking me not to phone. I phoned concerned as I was due to… Read Full Review

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★☆☆☆☆

“are they a front for freedom Finance??”

Written on: 24/04/2014 by yjHernandez378 (1 review written)

I applied for a loan of 13k with them I have an A! credit rating never defaulted ever infact my record is squeaky clean. However they refused me a loan at their ''advertised rate of 4.5%'' (which I am sure does not exist). and referred me Freedom Finance (whom have nothing but terrible ratings). Worried that somthing could be on my credit file I double checked this to find all was OK and I am rated as a very good risk. I own my own home outright NO mortgage. I applie to nationwide and within 20… Read Full Review

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★★★★★

“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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