- Sainsbury’s Money has launched Sainsbury’s Personal Loans, powered by NatWest Boxed, with a rate of 6.3% APR epresentative for Nectar members*
- An instant access savings account follows in October, giving customers a flexible way to save
- Nectar member rates offered on Sainsburys' Personal Loans, subject to status and eligibility criteria*
- These are the first products from the NatWest and Sainsbury’s Money partnership announced in April, with a NatWest Nectar credit card to come later this year
London, 28 September 2026 – Sainsbury’s Money and NatWest Boxed today announce the launch of the first products under the long-term strategic partnership announced in April, with additional benefits for Nectar members.
Customers can now apply for a Sainsbury’s Personal Loan, powered by NatWest Boxed, through the Sainsbury’s Money website. Whether it is buying a car or improving a home, the loans offer practical support for customers planning their next step. while members of Nectar, the UK’s largest loyalty programme with more than 24 million members, can epresentative 6.3% APR by providing their Nectar card number*.
An instant access savings account will follow in October. Designed for customers who want their money to work harder without tying it up, it will allow deposits and withdrawals at any time, with no penalty for taking money out. The rate, which will be confirmed at launch, will be competitive and even better for Nectar members.
Today's announcement follows the launch of Sainsbury's Money in July 2026 and the completion of the Sainsbury's Bank transformation.
Sainsbury's set out a new direction for its financial services business in 2024, and Sainsbury's Money now works with specialist partners to bring customers simple, competitive products, rather than operating a bank itself. Personal loans and savings are the first products to reach customers under that model.
Andrew Ellis, CEO of NatWest Boxed, said:
“This partnership brings together Sainsbury’s Money’s understanding of its customers with our banking expertise and technology. NatWest Boxed provides the platform, banking capability and operational support behind the scenes, so customers can apply for a loan or open a savings account through the Sainsbury’s Money experience they already know and trust.”
Patrick Short, Managing Director of Financial Services at Sainsbury's, said:
“Sainsbury's Money is about offering our customers straightforward products that are built around what they actually need, with the extra value they already expect from Nectar. Working with NatWest Boxed brings together their banking expertise and our understanding of our customers, so we can offer genuinely competitive products, with an even better rate for our Nectar members.”
Personal loans and instant access savings accounts are the first two products under NatWest and Sainsbury’s long-term strategic partnership. The partnership will also see NatWest Retail provide a new NatWest Nectar credit card later this year.
Notes to editors
*Representative 6.3% APR for Nectar members and 6.6% APR for non-Nectar members on loans between £7,499 and £19,999; epresentative 8.2% APR for Nectar members and 8.5% APR for non-Nectar members on loans between £5,000 and £7,499. Loans range from £1,000 to £35,000, All rates are epresentative. Visit Sainsbury’s website to use its Loan Calculator and explore epresentative rates for your chosen loan amount.
About Sainsbury’s Money
Sainsbury's Money is the customer brand for Sainsbury's financial services, launched in July 2026 following the transformation of Sainsbury's Bank. Sainsbury’s Money works with specialist partners to offer customers straightforward, competitive products, including personal loans, insurance and travel money.
About NatWest Boxed
NatWest Boxed offers a cloud-native embedded finance platform that enables the UK's largest brands to seamlessly offer financial services to their customers, securely and at scale. Combining our technology stack, banking licence, compliance expertise and operational support, our vision is to power the UK’s best embedded financial experiences. Today, we employ more than 700 people across locations in UK and Poland. For more information, visit nwboxed.com
