Which loan?

Edd1e

hello there! im not excellent with maths and i'm new to the confusing world of loans. I'm looking for a £5000 over 3 years and Sainsbury's (with my nectar card) are offering 7.1 or 7.9%apr, which i nearly jumped at as it meant i would pay back approx £5685 (according to credit rating) compared with approx £6225 total from my bank Lloyds. Lloyds cant seem to come lower than 14%.

My problem is that i'm worried about Sainsburys' small print and as it's all over the phone you dont get to see it until you've applied for the loan.

I want the cheapest overall repayment at a monthly cost i can afford (about £170) but i get bonuses so would be able to pay back more at times so i didnt have the loan on my mind for a full 3 years, perhaps 2-2 and a half, i know sainsburys can charge up to 58 days interest for early resettlement but didnt understand the financial jargon about overpayment some months.

Has anybody got a similar loan and can help me out and which would you advise to use?