Lowest rate ever for a loan Sainsbury loan at only 3.9 % for between £7500 and £15000 - HotUKDeals
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Lowest rate for a loan. This is for 3 years or less or 4.0 % for above this. Great if you need money for new car or home improvements. If your rate does change. They will also price promise and beat any other loan that is like for like.
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iamgds Avatar
2y, 4m agoFound 2 years, 4 months ago
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Top Comments

(5)
21 Likes
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

Presumably you've bought all your houses outright and not used mortgages then.

I'd say home improvements is a fine way of using a loan if it adds the appropriate value to your home.
12 Likes
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

quite an ignorant comment im sorry to say.
8 Likes
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.


Lol, jump off your moral high house of people want it and are prepared to pay who are you to say bad examples? Heat
7 Likes
One can spend one's money on how one wants!

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSrhavYOR2N8anZP0jRX3FmiCxTkDQKEBAdwwMPX-0IC-Hck7R9
5 Likes
@splender Plenty of people and vast majority of institutions who borrow money dont do so because they have no choice- most have the money/means already but understand the value of cheap credit. Debt forms a part of most peoples/companies portfolios for a good reason. Youre referring to the type of people that take out a wonga loan to pay for their sky sports subscription. Suggest you take a basic finance and economics course before spouting your load on a subject you clearly know very little about.

All Comments

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4 Likes #1
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.
21 Likes #2
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

Presumably you've bought all your houses outright and not used mortgages then.

I'd say home improvements is a fine way of using a loan if it adds the appropriate value to your home.
8 Likes #3
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.


Lol, jump off your moral high house of people want it and are prepared to pay who are you to say bad examples? Heat
#4
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.
I guess it's better to get a £15,000 loan, go on holiday and then widdle it up a wall then.
12 Likes #5
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

quite an ignorant comment im sorry to say.
#6
vaugi
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

Presumably you've bought all your houses outright and not used mortgages then.

I'd say home improvements is a fine way of using a loan if it adds the appropriate value to your home.
Certain home improvement that needs immediate cash in expectation of more cash coming in, in the longer, as you said, is affordable, subject to a business case. Unrealised or worse still, unrealisable value by the time of the end of the loan period is probably bad (if one could wait could have paid it off outright with cash). Some reservation and exception, like home improvement for elderly mum to move in or a baby arrival etc..
2 Likes #7
antonywhite37
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

Lol, jump off your moral high house of people want it and are prepared to pay who are you to say bad examples? Heat
Not moral high horse, just normal way of living, live within one means, if you did not believe this to be normal, ask your parents and grand parents and learn for yourself what worked for them.
Like wise when councils and government do the same as consumers, you shout at them for waste of tax payers' money (and they racked up trillions of £ and printed hundreds of billions of notes).

Edited By: splender on Jul 10, 2014 09:41
1 Like #8
Wow Splender you should be looking after the countries finances. Great find,ignore the super rich people for us mere mortals it is a good % rate.
1 Like #9
Plenty of people paying over this rate on their mortgages....
#10
It's a good rate, we should be criticising people using the loan money for holidays not the OP
5 Likes #11
@splender Plenty of people and vast majority of institutions who borrow money dont do so because they have no choice- most have the money/means already but understand the value of cheap credit. Debt forms a part of most peoples/companies portfolios for a good reason. Youre referring to the type of people that take out a wonga loan to pay for their sky sports subscription. Suggest you take a basic finance and economics course before spouting your load on a subject you clearly know very little about.
1 Like #12
Bookmarking for later.
1 Like #13
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

Who are you to judge?

One needs to learn to think before one speaks !
1 Like #14
PR1
Plenty of people paying over this rate on their mortgages....

Excellent point, an unsecured loan at almost mortgage rates is a good alternative to re-mortgaging for home improvements.
2 Likes #15
HSBC have been offering this rate for a week or two longer but is only available to HSBC current account holders.

I like that you can make overpayments without penalty or settle with two months interest payble with the HSBC loan.

People may look down their noses at reputable unsecured lending but I'd rather someone took out a loan to settle their debts than default on them or go to payday lenders in desperation.

The problem we have is money management is not part of the education curriculum and I think it should be.
7 Likes #16
One can spend one's money on how one wants!

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSrhavYOR2N8anZP0jRX3FmiCxTkDQKEBAdwwMPX-0IC-Hck7R9
#17
DAZZ2000
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

Who are you to judge?

One needs to learn to think before one speaks !
Learn from others before you write, I am passing on a statement since time immemorial. If you don't believe me ask your parents and grandparents , uncles, aunts..friends if such a statement had been passed on from their parents.
You wouldn't like the councils and government borrow money (on top of tax collected) to buy new cars and do building improvement when essential services are lacking of money.
#18
mattriggy
One can spend one's money on how one wants!

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSrhavYOR2N8anZP0jRX3FmiCxTkDQKEBAdwwMPX-0IC-Hck7R9
You are spending money that you haven't got that belongs to someone else that you have to pay back with interest and abide by the 20 pages of loan agreement, monitored by credit reference agencies to see if you are a good or bad guy.
4 Likes #19
You're clearly clueless and should stop digging your hole.

You've no idea what people's intentions are for taking advantage of this deal- here are a few possibilities:

- an opportunity to invest in a purchase that will yield in excess of 4%
- an opportunity to demonstrate to those credit referencing agencies you speak of that you are capable of managing credit ahead of taking out a bigger debt such as a mortgage
- in anticipation of needing to borrow money 6-12 months down the line by which time rates are 'likely' to have gone up, ie, hedging
- perhaps you are an avid save but choose to hold your near liquid cash in investment vehicles that carry withdrawal penalties that would cost you more than the 3.9% youd pay to spend someone elses money?

or a million other reasons why this is a good deal for many people whilst not being for all. whatever the reason, none of them are your business.
#20
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

Erm, I'd disagree with that. Not many people have £15k in the bank but plenty of people are capable of paying £300 a month over a period of 5 years. Just requires a bit more discipline.

I could go further with your logic and say if one does not have £250k for a house, one cannot afford a house! I think everyone would agree, that isn't the way things are...
#21
I applied for a loan over a 12 month term, got a call saying I had to have it over 3 years which means more interest so I declined...real joke!!

Edited By: fazzx on Jul 10, 2014 11:46: ..
#22
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

Loans are perfectly fine if the person taking out the loan can afford the monthly repayments. If they can't or are stretching themselves then that should have been taken care of by the lender on application of the loan and the loan refused. Irresponsible lending as we saw prior to 2008 and pay day loans are the real problem.

Edited By: fishmaster on Jul 10, 2014 11:18
#23
fazzx
I applied for a loan over a 12 month term, got a call saying I had to have it over 3 years which mean more interest so I declined...real joke!!

Take the 3 year option and make over payments.
#24
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

What an absolute stain
#25
splender
DAZZ2000
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

Who are you to judge?

One needs to learn to think before one speaks !
Learn from others before you write, I am passing on a statement since time immemorial. If you don't believe me ask your parents and grandparents , uncles, aunts..friends if such a statement had been passed on from their parents.
You wouldn't like the councils and government borrow money (on top of tax collected) to buy new cars and do building improvement when essential services are lacking of money.

Have a look into PFI-funded buildings, it's been going on for years.
2 Likes #26
splender
vaugi
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

Presumably you've bought all your houses outright and not used mortgages then.

I'd say home improvements is a fine way of using a loan if it adds the appropriate value to your home.
Certain home improvement that needs immediate cash in expectation of more cash coming in, in the longer, as you said, is affordable, subject to a business case. Unrealised or worse still, unrealisable value by the time of the end of the loan period is probably bad (if one could wait could have paid it off outright with cash). Some reservation and exception, like home improvement for elderly mum to move in or a baby arrival etc..

Splender, you could always take one out to fund English lessons.
#27
Wow, some people have issues on here.

Heat added
Thanks OP
#28
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

One does not need a mortgage to buy a house either...Right?
1 Like #29
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

One believes this to be an ignorant comment. One has heated this OP, whilst one does not need extra finance at this present time, one thanks you for highlighting this.
#30
So I could use this to pay the credit card bills for the overspend on the home improvements (bloomin builder! but in fairness you can never have to many electrical sockets or thick enough steel beams!) already done, which then free's up income to pay for a new car on credit! (as my car is showing its age). Perhaps I could use the same loan for both...
1 Like #31
Cold, never take out finance!

Save up and buy something that way you don't have debt if anything goes wrong.
(Losing your job, can't keep up with payments, getting **** letters all the time)

I've never taken out finance in my life and I'm doing just fine.
#32
joewall33
if anything goes wrong.(Losing your job, can't keep up with payments, getting **** letters all the time)

you can get PPI for that.

i just applied.. got offered 5.0%. I feel so subprime:(
1 Like #33
Could take out a loan to pay for all the stuff I don't need but will buy because it's cheap - thanks to this web-site.
#34
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.
try to smell your ****... why do you want to smell others mate? this is what happens when you do :-P
#35
Ashj
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.

One does not need a mortgage to buy a house either...Right?
I commented on this deal about new car and home improvements and I cannot see how you can use OP's deal which is a max. of £15,000 for a loan period of 3 years to buy a house. Anyway, I voted hot as it is a very low rate when one needed it.

Edited By: splender on Jul 10, 2014 12:45
#36
You will be very lucky to get this rate... Cold.
#37
splender
Ashj
splender
OP, extremely bad examples: one does not need money for new car or home improvements. If one cannot afford with cash then one cannot afford it.
One does not need a mortgage to buy a house either...Right?
I commented on this deal about new car and home improvements and I cannot see how you can use OP's deal which is a max. of £15,000 for a loan period of 3 years to buy a house. Anyway, I voted hot as it is a very low rate when one needed it.

don't worry - nobody is taking any notice of your advice. Just because someone doesn't have the funds sitting in their bank, doesn't mean they can't afford (or have not intention of) repaying it. You might like to give the impression on an internet forum/site that you are successful and do not need help with funding home improvements or cars - but you're not fooling me, as if you were so high and mighty, you wouldnt be posting deals of £12 SD cards.
2 Likes #38
LeeA
You will be very lucky to get this rate... Cold.

dont think luck has much to do with it, its credit worthiness which most can achieve over time. agreed, this deal is for the upper most slice of the pile, which is probably not the majority, but that doesnt make it a bad deal. thats like posting a deal for a size 6 dress and saying its cold because 'youd be lucky to fit into it'.
1 Like #39
I didn't think posting a deal for somebody if looking for a loan would cause such reaction for people to vote cold because it is finance. I take it is the same people that vote cold to kit kat deal as would encourage you to get fat.lol...
#40
joewall33
Cold, never take out finance!Save up and buy something that way you don't have debt if anything goes wrong.(Losing your job, can't keep up with payments, getting **** letters all the time)I've never taken out finance in my life and I'm doing just fine.

You are probably doing fine yes, but i'm sure there are plenty of people who are doing better that have had finance in their life

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