Highly deceptive loan provider, Do not apply!

Click here if this is your business
★★☆☆☆
1.9 / 5
25% of users recommend this
Click here if this is your business
  • Speed of Application

  • Customer Service

  • Value For Money

mondomania's review of Sainsbury's Loans www.sainsburysbank.co.uk

★☆☆☆☆

“Highly deceptive loan provider, Do not apply!”

Written on: 13/05/2020 by mondomania (1 review written)

I have only just noticed that my interest rate is now 8.2% and not 2.9% as I had applied for. The customer service manager pointed out small print someway underneath the "apply now" button which states interest may be adjusted after application to up to 25% due to individual circumstances. Well I have a 100% perfect credit score, I am employed by the emergency services, hence no risk. There is absolutely no reason why this interest is adjusted and purely a slight of hand fiddle which I'm sure many people have unwittingly fallen foul to. I have escalated my complaint further and if is not successful I will be writing to the financial ombudsman. I urge everyone to do the same.

  • Loan Rate

  • Value For Money

If you are commenting on behalf of the company that has been reviewed, please consider upgrading to Official Business Response for higher impact replies.
Report this review
Was this review helpful? 1 0