Santander loan calculator

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 123 World and Select customers can enjoy enhanced rates on selected loans.

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.

Calculate the cost of a Santander loan

Table: sorted by representative APR, promoted deals first
Name Product Total Payable Monthly Repayment Representative APR
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

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

warning icon Warning: late repayments can cause you serious money problems. See our debt help guides.

How do Santander loans compare against the competition?

Table: sorted by representative APR, promoted deals first
Before you take out a personal loan, it’s smart to read up and shop around. You can use the table below to see how much you’d be likely to pay for the loan you have in mind.

Name Product Total Payable Monthly Repayment Representative APR
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 £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

Important information:
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 fixture of the UK high street.

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).

Key features of Santander personal loans.

These loans are unsecured personal loans, meaning they’re be based on creditworthiness, rather than using property, vehicles and other assets as collateral.

You can apply for any amount between £1,000 and £20,000 over terms from 1 year up to a maximum of 6 years.

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.

  • Loan terms from 1-5 years.
  • Loan amounts from £1,000-£25,000 (or £20,000 for new customers).
  • Fixed monthly repayments. Meaning you’ll pay the same amount each month and you know how much the loan is going to cost overall.
  • Quick decision. A decision will be made within 24 hours.
  • Quick access to funds. After your signed agreement is received, funds will be in your account within 1 day.
  • Personal loans are available to new and existing Santander customers.
  • Overpay your loan at no extra cost.

Existing customers (such as 1|2|3 World and Santander Select customers) may also be subject to preferential rates depending on the size of the loan and personal circumstances.

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 fee, so the APR and the interest rate are the same.

All lenders 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 are only obliged to award the advertised APR to 51% of customers who take out the loan. The other 49% could pay more. That’s why it’s often referred to as the representative APR.

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.
  • Have a valid form of ID.
  • 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.

How do I apply?

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

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

Frequently asked questions

We exist to help you find better. The offers we've compared on this page are from a range of products whose details we can track; we don't cover every product on the market...yet. Unless we've indicated otherwise, products are shown in no particular order or ranking. The terms "best", "top", "cheap" (and variations of these) aren't product ratings, although 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, it's wise to consider getting independent financial advice. Always consider your own financial circumstances when you compare products so you get what's right for you.

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