Santander personal loans

Our Santander loan calculator will help you work out how much you'll pay back on a Santander personal loan.

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Santander

Promising a decision within 24 hours when you apply online, Santander loans are available to both new and existing customers, though 1|2|3 World and Santander Select customers can enjoy enhanced rates on selected loan amounts.

Calculate the cost of a Santander loan

Table: sorted by representative APR, promoted deals first
Name Product Total Payable Monthly Repayment Representative APR Link
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.0% p.a. (fixed). Representative APR 3.0% and total payable £10,462.68 in monthly repayments of £290.63.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.0% p.a. (fixed). Representative APR 3.0% and total payable £10,462.68 in monthly repayments of £290.63.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.0% p.a. (fixed). Representative APR 3.0% and total payable £10,462.68 in monthly repayments of £290.63.

Compare up to 4 providers

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Late repayments can cause you serious money problems. See our debt help guides.

Our calculator lets you pick how much you want to borrow, over a timeframe that suits you, to estimate how much you would pay back each month and overall. We base our calculations on Santander’s representative APR , but it’s important to note that credit is subject to status and your circumstances may affect the rate you’re offered.

How do Santander loans compare against the competition?

Table: sorted by representative APR, promoted deals first
Name Product Total Payable Monthly Repayment Representative APR Link
Representative example: Borrow £10,000.00 over 3 years at a rate of 5.5% p.a. (fixed). Representative APR 5.5% and total payable £10,848.60 in monthly repayments of £301.35.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.4% p.a. (fixed). Representative APR 3.4% and total payable £10,524.24 in monthly repayments of £292.34.
Representative example: Borrow £15,001.00 over 3 years at a rate of 3.1% p.a. (fixed). Representative APR 3.1% and total payable £15,718.32 in monthly repayments of £436.62.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.0% p.a. (fixed). Representative APR 3.0% and total payable £10,462.68 in monthly repayments of £290.63.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.4% p.a. (fixed). Representative APR 3.4% and total payable £10,524.24 in monthly repayments of £292.34.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.0% p.a. (fixed). Representative APR 3.0% and total payable £10,462.68 in monthly repayments of £290.63.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.0% p.a. (fixed). Representative APR 3.0% and total payable £10,462.68 in monthly repayments of £290.63.
Representative example: Borrow £1,500.00 over 3 years at a rate of 9.1% p.a. (fixed) with an application fee of £0.00. Representative APR 15.5% and total payable £1,858.32 in monthly repayments of £51.62.
Representative example: Borrow £10,000.00 over 3 years at a rate of 3.9% p.a. (fixed). Representative APR 3.9% and total payable £10,601.64 in monthly repayments of £294.49.
Representative example: Borrow £10,000.00 over 3 years at a rate of 2.9% p.a. (fixed). Representative APR 2.9% and total payable £10,447.20 in monthly repayments of £290.20.

Compare up to 4 providers

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

Santander Group is a Spanish bank that originated (in case you hadn’t already guessed it) in the city of Santander, Spain. After purchasing both Alliance & Leicester and the savings arm of Bradford & Bingley, and merging with Abbey National, Santander became a standard fixture of UK high streets.

Whether you’re looking to buy a new car, consolidate debt, refurbish the kitchen, or take that desperately needed holiday, Santander offers competitive and flexible fixed-rate loans. It’s quick and easy to apply online, and you don’t need to already bank with Santander (although existing customers may be able to access a better rate).

How do Santander personal loans work?

Available to both new and existing customers, these loans are unsecured personal loans, meaning they’re be based on creditworthiness, rather than using property, vehicles and other assets as collateral.

While Santander’s rates can be competitive, the advertised representative APR may not be the rate you’ll receive: Santander will offer you a rate based on assessment of your personal financial circumstances.

  1. You can apply to borrow from £1,000 to £25,000 (or £20,000 for new customers) over 1-5 years.
  2. Santander runs credit and affordability checks and gives a decision within one working day.
  3. After you’ve signed the agreement, funds are transferred to your account within one working day.
  4. You then pay a fixed monthly amount, so you can budget with confidence and you’ll know in advance what the loan will cost you overall, and when it’ll be paid off.
  5. You can overpay your loan (if you wish to) at no extra cost.

Existing customers (such as 1|2|3 World and Santander Select customers) may be able to access lower rates depending on the size of the loan and personal circumstances. If that’s you, you can calculate costs and check if you’ll get a better rate using our calculator.

What is APR?

The Annual Percentage Rate (APR) is designed to provide an annual summary of the cost of borrowing. It takes into account interest and any mandatory charges – for example an application fee. Santander doesn’t charge an application, product or admin fee, so the APR and the interest rate are the same.

Lenders like Santander must calculate the APR of their products in the same way and must tell you the APR before you sign an agreement. This means that, for consumers, it can be a handy tool for comparison.

There’s a big catch, however: lenders only have to give the advertised APR to 51% of customers, while the other 49% could pay more. That’s why it’s referred to as the representative APR. Santander runs credit searches with credit reference agencies Experian, TransUnion and Equifax and weighs this up alongside details of your income and outgoings, the loan that you’ve applied for, and any previous dealings you’ve had with Santander, to decide on the rate to offer you.

Am I eligible for a Santander personal loan?

You should only apply for a Santander personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:

  • You must be at least 21 years old.
  • Be a permanent UK resident.
  • Have a regular gross annual income of at least £6,000.
  • Have a bank or building society account with a Direct Debit facility.
  • Have not been declared bankrupt, had a CCJ or an IVA within the last 6 years.

Santander will consider your application taking into account factors like your credit score, income and expenditure.

What info will I need to apply?

If you’ve decided that a Santander personal loan is for you, then you can apply online. Make sure you have the following details handy:

  • Addresses for the past 3 years.
  • Employer’s address and postcode.
  • Monthly income and expenditure.
  • Bank/building society details.

Can I make overpayments or repay my loan early?

Yes. When you make an overpayment, unless you request otherwise, your monthly repayment amount will stay the same but you can potentially repay the loan more quickly.

If you want to pay the whole loan off ahead of time in one go, call 0800 028 4055 to request a final settlement figure.

The good news is that you won’t be charged a penalty for paying off your loan early. The not-so-good news is that you probably won’t save as much as you may have hoped in interest. This is because your final settlement will be based on a “final settlement date” that’s 28 days from when you give notice if your loan has less than a year left to run, or 28 days plus one calendar month if your loan has more than a year left to run.

Some lenders offer better early-repayment terms than others. If there’s a likelihood that you’ll be able to clear a loan ahead of time, then hunting out favourable early-repayment terms could save you money.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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