(1888PressRelease)
July 09, 2007 - London (ask4loan.co.uk) : Sainsbury's Bank will be slashing the interest rate on its personal loan to 6.5 per cent.
The group's deal is can be had for any online application for loans within the range of £7,500 and £25,000. Sainsbury's bank also believes that its personal loan rates compare favourably with the rest of the providers, and are distinctly superior to many high street providers.
Steven Baillie, the bank’s loan manager, said: "Our new rate, which is one of the lowest around, should be helpful to those looking to carry out any home improvements this summer or those planning to order a new car and highlights our commitment to continually offer competitive rates to our customers."
Sainsbury's Bank personal loans also have several extra benefits for loan borrowers, including allowing them the facility of not making any repayments for the first three months.
Applicants will get a decision instantaneously, and will have a cheque delivered to them within a day’s time.
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