Santander (Santander.co.uk) is one of the leading financial service providers in the UK, with a range of products available to its customers. Santander has a variety of loan products designed to meet its customers’ financial needs. The personal loan from Santander can be used for whatever the customer needs it for, whether that’s paying for a special occasion or covering unexpected expenses.
While using your own savings is generally the best way to cover costs, loans can be useful in a range of circumstances. Santander’s personal loan is an unsecured loan, so taking it out won’t put your home at risk should you fail to meet the repayments.
The personal loans from Santander have varying interest rates that are calculated based on the amount of money being borrowed, the length of the loan term and the individual financial circumstances of the customer. Customers can use the Santander website’s loan calculator tool to get a sense of how much their loan will cost them over time, and what figure they’re looking at in terms of monthly repayments.
Santander has personal loans available from as little as £1,000 up to £20,000, although the amount you can borrow may depend on your circumstances and how much you can afford to repay. Customers can pay back their loan over a course of 12 to 60 months. Overpayments may be possible without a charge, depending on the terms of the particular personal loan taken out.
Santander’s personal loans are available for Santander current account holders as well as new Santander customers. You must be at least 21 years old, a resident of the United Kingdom and have a gross annual income of at least £5,000. Customers do not have to have a Santander account, but they must have an account with a bank or building society that has a direct debit facility. Special lower rates may apply for customers who hold a Santander 123 Current Account or 123 Credit Card.
