Santander (Santander.co.uk) is one of the UK’s biggest commercial and retail banks, with a consistently widening base of loyal customers who turn to the bank for their extensive range of financial products and services. Santander offers its customers current accounts, savings, mortgages and loans, all of which can make managing your finances simpler and easier.
Many people find themselves looking for a payment solution when the time comes to invest in a new car. While many car dealerships offer financing options with repayment plans, these can often be very expensive in the long term, so shopping around for the best possible loan deal can be a better solution. Taking out a personal loan to cover the cost of your new car upfront can be a smarter way to pay, allowing you to own the car in full from the start and pay off the debt in manageable monthly repayments.
Santander offers car loans to make the process of buying a new car easier than ever. Both existing and new customers to Santander are eligible to take out a car loan, as long as they’re over the age of 21, a UK resident and earn a minimum of £5,000 per year. Customers do not have to be an existing Santander current account holder to qualify for one of the bank’s car loans, but if you do hold a 123 account from the bank you may be able to receive special lower interest rates.
Santander’s car loans can be as low as £1,000 up to £20,000, and can be repaid over a minimum of 12 months and a maximum of 60 months. Customers can apply for a Santander car loan online, if they’re a Santander customer with online banking, over the phone or in their local Santander bank branch. A personalised quote will be made straight away, and, if accepted, the loan could be in your account immediately.
