With competitive interest rates and overpay at no extra cost, Santander personal loans can be a flexible solution if you need extra money to consolidate your debt, handle an unexpected situation or make the best out of a special occasion.
Active in 10 main countries, Spain-founded Banco Santander is a global banking group that has around 125 million customers worldwide. It arrived to the UK in November 2004 and currently has around 14 million customers.
Both new and old customers can apply for a personal loan with Santander, but if you already have a Santander bank account, you may be able to borrow up to £25,000. 1|2|3 World and Santander Select customers may be able to get preferential rates.
Before applying, don’t forget to use an eligibility checker – it will tell you if you’re likely to be accepted without impacting your credit score. Once that’s done, you can either apply in branch or directly online in a few minutes. If you’re approved, instant funding is available, so you don’t need to wait for days to kick-start your projects.
|Loan type||Unsecured Personal Loan|
|Loan amounts||£1,000.00 to £25,000.00|
|Loan terms||1 Year to 5 Years|
|Loan rate type||Fixed|
|Same day funding available|
|Same day funding note||Available in branch.|
|Instant decisions in most cases|
|Soft-search facility available|
|Overpay without penalty|
|Concurrent loans allowed|
|Topping-up pays off existing loan and initiates a new loan|
|Repayment methods||Direct Debit|
Am I eligible?
|Available to||Existing Customers only|
|Age||21 or over|
|Income||£6000.00 Per Annum|
|Acceptance note||Minimum Applicant Income £6,000 Per Annum.|
How do I apply?
Once you’ve compared loans, checked the eligibility criteria and decided that Santander offers the personal loan option that works best for you, you’re good to go. You’re going to need the following in order to apply:
- Your address history for the past three years.
- Your employer’s details (name, address, contact number).
- Your bank account details (from which Santander will take monthly direct debits to repay the loan).
You can apply both online or in person. If you choose to apply in person, it’s a good idea to book an appointment online in advance, so that you don’t have to wait too long at your local branch.