Misleading quote for a personal loan

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Sainsbury's Loans www.sainsburysbank.co.uk
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CadenceMcDowell352's review of Sainsbury's Loans www.sainsburysbank.co.uk

“Misleading quote for a personal loan”


written by CadenceMcDowell352 on 08/02/2023

I applied for an online loan with Sainsbury’s as they advertise a good rate at 4.8% for Nectar card customers. I was told I could take out a loan over a period of five years at 4.8%. But when you apply for the loan online a soft search is done and it comes back with a higher interest rate than advertised with an interest rate at 9.9%!! So just be aware if you apply for a loan!!

  • Loan Rate

  • Customer Service

  • Value For Money

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