Find out how to apply for the Santander Personal Loan with flexible terms. Get your loan sorted hassle-free today!
Rates that won’t scare – Up to £25,000: Santander Personal Loan
Fancy a quick cash boost without the faff? Santander's Personal Loan lets you borrow between £1,000 and £25,000 with fixed monthly repayments over 1 to 5 years. No hidden fees, just straightforward borrowing to make your plans a reality
Check Your Eligibility
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Fancy a quick cash boost without the faff? Santander's Personal Loan lets you borrow between £1,000 and £25,000 with fixed monthly repayments over 1 to 5 years. No hidden fees, just straightforward borrowing to make your plans a reality
Check Your Eligibility
You will remain in the same website.
Discover the standout features of Santander's Personal Loan:
Borrow up to £25,000
Fixed interest rates
Competitive APR
Flexible repayment terms
Check Your Eligibility
You will remain in the same website.
Advantages and Disadvantages of the Santander Personal Loan
Pros:
- Flexible Loan Amounts: Borrow between £1,000 and £25,000 to suit your needs.
- Fixed Interest Rates: Enjoy predictable monthly payments throughout your loan term.
- No Arrangement Fees: Apply without worrying about upfront costs.
- Flexible Repayment Terms: Choose repayment periods from 1 to 5 years.
- Overpayment Option: Make additional payments at no extra cost to reduce your loan balance.
- Quick Decision: Receive a decision on your application, often within minutes.
Cons:
- Early Repayment Charges: Paying off your loan early may incur additional costs.
- Eligibility Criteria: Must be 21+, UK resident, with a minimum annual income of £10,500.
- Credit Check Required: Application approval depends on your credit history.
FAQ
To apply, you must be at least 21 years old, a UK resident, and have a minimum annual income of £10,500. Your credit history will also be assessed, so a good credit score improves your chances of approval.
You can borrow between £1,000 and £25,000, with repayment terms ranging from 12 to 60 months. The amount you qualify for depends on your financial situation and creditworthiness.
If approved, Santander typically transfers the funds to your account within 24 hours. Existing Santander customers may receive their loan even faster, often on the same day.
No arrangement fees or upfront costs apply. However, if you choose to repay your loan early, you might incur an early repayment charge. Always check your loan agreement for details.
Checking your eligibility won’t impact your credit score, as Santander offers a soft credit check. However, if you proceed with a full application, a hard credit check will be performed, which may affect your score temporarily.
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