Money MoT - Sainsbury's market-leading personal loans - Telegraph Available to Nectar cardholders only, monthly repayments on a £7,500 loan would be £141.65 a month, spread over five years, with a final monthly payment of £141.17. The total cost would be £8,498.52 over the term. "Competition in the personal loans market continues with Sainsbury's lowering the headline rates on its personal loan to a market-equalising 5.1 per cent APR - the lowest rates on loans for over a decade, which is great news for borrowers," said Tim Moss, head of loans and debt at comparison website MoneySupermarket.com. However, Mr Moss pointed out that the lowest rates are only available to those customers who have the best credit rating, so you may be offered a less competitive interest rate when you apply. Those who are looking to borrow for a longer period would be required to pay more to the supermarket bank, with the rate increasing to 5.2pc for four to five-year deals. However, with the Clydesdale/Yorkshire deal, the rate will remain the same at 5.1pc for the same length loan.