Santander Personal Loan review

With Santander, you can get an unsecured personal loan up to £20,000 even if you aren’t already a customer. Loan amounts between £1,000 and £25,000 starting from 6.2%.

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Santander UK is a subsidiary of Banco Santander, the Spanish global banking group founded in 1857 and now serving around 125 million people in 10 main countries. It’s been in the UK since 2004, where it currently has around 14 million customers.

Whether you’re looking to consolidate your debt, replace your old cranky car or plan a special holiday to the Caribbean, Santander personal loans offer competitive interest rates, zero fees and, in most cases, an immediate decision on your application.

Existing customers, depending on their status, can get up to £25,000. You may also be able to get exclusive rates if you are a 1|2|3 World or a Santander Select customer.

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Name Product Finder score Total Payable Monthly Repayment Representative APR Link
Santander Personal Loan
Check eligibility
View details
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.2% p.a. (fixed). Representative APR 6.2% and total payable £10,956.60 in monthly repayments of £304.35.
Late repayments can cause you serious money problems. See our debt help guides.

Key details

Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £25,000.00
Loan terms1 Year to 5 Years
Loan rate typeFixed
Product fee0%
Same-day funding available
Same-day funding noteAvailable in branch.
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methodsDirect Debit
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.2% p.a. (fixed). Representative APR 6.2% and total payable £10,956.60 in monthly repayments of £304.35.

Am I eligible?

Available toNew or Existing Customers
Age21 or over
Credit profilesGood
Acceptance note£1,000 - £19,999 – annual income of £10,500+
£20,000 - £25,000 – annual income of £20,000+

How do I apply

Whether you already have a bank account with Santander or you are a new customer, you can apply in two main ways:

  • Online. You can apply directly from Santander’s website. It shouldn’t take more than 10-15 minutes and you won’t need to get up from your sofa. Just make sure you read the fine print carefully before completing the application.
  • In branch. If you’d rather sort your loan out in person, you can either pop-in to the nearest Santander branch or book an appointment online. Booking in advance is usually better – you won’t waste any time waiting for a staff member to become available.

In both cases, be prepared to provide three years of address history, details of your financial situation and income (including details of your employer), and the bank account number and sort code from which you want the monthly direct debits to repay the loan to be taken from.

How do I get in contact with Santander’s customer services?

You can contact customer support by clicking on the ‘Chat with us’ function on their website or you can call Santander on 0800 028 4055. Lines are open on Monday to Friday from 8am to 8pm and on Saturdays from 8am to 4pm. The line is closed on Sundays.

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More guides on Finder

  • Santander Personal Loan review

    Existing Santander customers can borrow up to £25,000 at a competitive interest rate. We look at how Santander personal loans work and their features.

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