Wedding loans to top £1 billion

Sainsbury’s Loans offer an instant decision and funds delivered within 24 hours as well as the option to make no repayments for the first three months

As thousands of  women look to take advantage of this Leap Year and propose to their partners, Sainsbury’s Finance estimates that as many as 123,500 personal loans worth an estimated £1.16 billion will be taken out during 2008 to help pay for weddings⁽¹⁾. 

The average size of a personal loan taken out with Sainsbury’s Finance to help fund a wedding is £9,363.

In addition to offering consistently attractive rates, customers taking out a Sainsbury’s Loan can choose to make no repayments for the first three months, a help with the big day fast approaching, receive an instant decision and have their cheque delivered to their door within 24 hours.

⁽¹⁾ Based on Sainsbury’s analysis of its own personal loans data