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In common with other lenders, Sainsbury's operates loan bands: £1,000 - £2,999 £3,000 - £4,999 and £5,000 - £25,000. The typical APR rates quoted for the smaller loan bands are higher than the typical APR quoted for loans of £5,000 or more.

You may apply for a loan from Sainsbury's Bank via the internet or offline. However, it is worth bearing in mind that there is a differential between the typical APR rates on offer with those for internet applications being cheaper. It may not seem like a large difference but over the course of the lifetime of your loan it could add up to a substantial saving in interest charges.

Although you may not take future payment holidays, a Sainsbury's Bank personal loan gives you the opportunity of taking a three-month long repayment holiday at the start of your loan.

Sainsbury was the first major British supermarket to open a bank - it commenced trading on 19 February 1997. Sainsbury's Bank is jointly owned by J. Sainsbury plc and HBOS (Halifax Bank of Scotland) - J Sainsbury plc 55%, HBOS 45%.

For your peace of mind, Sainsbury's offers a range of payment protection plans on all its unsecured loans. There are three different levels of cover to choose from - you simply select the plan that suits your needs. All things considered, this could be the unsecured personal loan you've been searching for.

The Sainsbury's Bank personal loan may be the right loan for your circumstances. However, in order to be sure that it is, you should always shop around before making your decision; to make sure you are choosing the right personal loan for you, you should use a comparison tool like Moneyextra's Personal Loan Search.