Sainsbury's cuts loan rates to just 5.1%

Yet another supermarket price war has broken out this month. However, this one is being waged over personal loans, rather than sliced bread or baked beans!

Just before 2012 ended, Tesco fired the first shots in this new loan war by reducing its loan interest rates to as little as 5.2% APR for five-year loans of between £7,500 and £15,000. This rock-bottom rate didn't top the best buys tables for long, as Clydesdale and Yorkshire banks dropped their rates to 5.1%.
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