Sainsbury's Finance One Of Just Four Lenders In "Sub 8% Loans Club"
Edinburgh, UK (PRWEB) May 28, 2009
New research(1) from Sainsbury's Loans reveals that there are currently just four lenders, of which it is one, offering an APR of less than 8% on unsecured loans on loan amounts between £5,000 and £15,000.
Despite the Bank of England base rate having dropped by 4.5 percentage points to 0.5% from 12 months ago, the Bank's research highlights that the actual number of lenders offering personal loans of less than 8% APR has reduced significantly. In May 2008, when the Bank of England base rate was 5%, there were 42 lenders (representing around 57% of the available unsecured loans) offering an APR of less than 8% on loans amounts between £5,000 and £15,000; in May 2009 only 7% of lenders can claim to be offering a sub-8% rate.
According to MoneyExpert.com the average rate on non-secured personal loans between £5,000 and £15,000 is currently 10.14%(2). Sainsbury's Finance offers a personal loan rate of 7.9% APR Typical to Sainsbury's shoppers(3) applying online with a Nectar card for loans of between £5,000 and £15,000.
Steven Baillie, Head of Loans, Sainsbury's Finance, said: "Our current analysis highlights the fact that the loans marketplace is actually much less competitive than it was 12 months ago. The number of lenders offering a sub-8% APR rate on a personal loan has fallen off significantly compared with 12 months ago, so anyone considering taking out a loan today needs to ensure more than ever before that they shop around to take advantage of the best rates out there."
In addition to one of the most competitive rates in the marketplace, customers taking out a Sainsbury's Finance Loan benefit from:
A personally tailored repayment period, from one to seven years
Fixed repayments for the whole period of the loan
An instant personal loan decision
The money in 24 hours
Sainsbury's provide a wide range of financial services including life insurance, savings accounts and home insurance visit www.sainsburysbank.co.uk now to find out more
For further information on Sainsbury's Finance Loans, call 0800 169 8502, log onto www.sainsburysbank.co.uk or pick up a leaflet in your Sainsbury's supermarket.
###
More Unsecured Personal Loans Instant Decision Press Releases
Tags: business finance, lenders, 0800 169 8502, Four, financial servicesFiled under Unsecured Personal Loans Instant Decision by 
Comments on Sainsbury's Finance One Of Just Four Lenders In "Sub 8% Loans Club"
I agree completely with you. One thing you did not mention is the power of using whole life insurance as a savings plan. Life insurance offers tax free accumulation, loans, and passes to heirs tax free. A great plan is the children's plan at http://www.childrensplan.com
See this:
"AGRICULTURE-KENYA: Finally, a Windfall for Tea Farmers
By Suleiman Mbatiah
NAIROBI, Oct 30 (IPS) – Despite the sweltering sun and with a heavy load on her back Mary Muthoni strides to the tea buying centre with joy and pride painted on her face. "This is a different year," she smiles, hurriedly greeting other women farmers at the centre. For them, the story is the same: blessings in times of calamity.
The Kenya Tea Development Agency (KTDA) has announced a major increase of 28 percent in farmers’ earnings. Kenya is the world's largest exporter of black tea. It produced 345 million kg in 2008.
In what is a record year for small-scale tea farmers in the country, the average rate payable per kg of green leaf delivered to factories has increased significantly. "Last year, we could only go home with a total of 0.33 dollars per kilogram but today everyone is leaving with 0.47 dollars in most factories in the country," explains the overjoyed Muthoni.
Income from tea reached an unprecedented 332 million dollars for the 2008-2009 financial year, up from about 265 million dollars for the previous year.
"We are now able to pay our casual tea pickers and be left with something to feed and educate our children," Muthoni adds.
Previously, farmers got a negligible fraction of the overall income. After paying the tea pickers at 0.07 dollars per kg, the rest of the cash had to cover overhead costs like fertilisers, pruning, transport, weeding and other costs.
Of the 332 million dollars, about 106 million dollars has already been paid out to farmers. During this month the balance was to be paid out. In all, this represents a major increase over the 146 million dollars earned the previous year.
The second payment will be paid at an average rate of 0.33 dollars per kg of green leaf, as opposed to the 2007-2008 average rate of 0.19 dollars per kg of green leaf.
KTDA’s managing director, Lerionka Tiampati, says the record earnings by KTDA’s 500,000 small-scale farmers are the rewards of efficient factory processes; improved auction prices caused by high global demand that has been driven by the prolonged drought; and favourable exchange rates.
"As the drought persisted over the year, production fell by as much as 30 percent, helping to push up prices at the auction," Tiampati explains.
He adds that the reduced global production of green leaf tea saw demand for Kenyan tea surge at the auction and prices improve fractionally. Prices have increased by up to 30 percent in the last year. ………."
Rapid Research Papers – Write It Fast!: New Step-by-step Guide to writing Research & Term Papers in half the tim…
RT New research found those working 11 hours or more per day were 67% more likely to have a heart attack compared w/ those working 7 or 8 hours
Your graph repeats the fallacy of considering imports as a category comparable with the components of aggregate demand (government, consumption, and investment). If you move imports to the aggregate supply side of the identity, you find that changes in aggregate demand added up to 4.6 percentage points of GDP growth, which was met by 2.6 percentage points of imports and 2.0 percentage points of domestic production. Imports absorbed more than half of the demand increase, suggesting to me that a significant portion of the apparent stimulus from consumer spending may leak overseas. We need more government investment spending! (Mike Huckabee–with whom I don't normally agree–made the same point in the primary debates.)
… the average dividend rate was 36 Monetary Policy Committee, Head of the Department of Finance, Economics and…
Yahoo! and Nectar look to targeted ads: Yahoo! has teamed up with the Nectar loyalty card scheme from Sainsbury's …
What a result! Went to pay at rel="nofollow" & cashier discovered £25 on our Nectar card! Swapped the basics coke for the real thing!
Ability to get a mortgage in the UK –
[...] problem # 2 — different loan amounts means different closing costs. Some of the closing costs are a percentage of the loan amount (the origination fee, any discount points, the title insurance and, for consumer borrowing in Georgia, the Georgia intangible tax are all a percentage of the amount financed). When comparing good faith estimates, make sure the estimates are for the same loan amount. [...]
FinTuition offers discounts for multiple bookings on our market-leading financial services training courses
Secured Loans | Low Rate Personal Loans – Compare Secured & Easy Pay Day Loan Online Credit Cards …
Unsecured Loans: Opportunity for You Getting Cash without Placing Assets –
Wide range of discounts Auction help you to save more…
Home Care Assistants –
Compare Car Loans – Car Loan at Cheap Rates –
Student loans – Marketplace (blog) — School Loans Directory: Student loans Marketplace (blog) Question: I curr..
Finance: One in three of those over 50 supporting grown-up kids with cash
>> had a friend at the time who worked for a company that legally removed unsecured debt (credit card debt) from a person’s credit. Not consolidate or reduce, but completely wipe away all unsecured debt. The cost of this program — you guessed it, $695. It turns out there are many companies that specialize in debt removal.
If I hear the words 'please swipe your nectar card' one more time somebody is going to get hurt.
Google ?? –
Technical Business Analyst –
Steven Baillie: Intrépido Fotógrafo Cazatalentos