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Personal Loans

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With a Personal Loan, you can start turning your plans into reality. We offer loans from £1,000 to £20,000 to new and existing customers, so whether you want to drive off in a new car, improve your home or refresh your finances our Personal Loan could help.

Rates from 4.3% APR on loans from £7,500 to £15,000.

  • Pay back over 12-60 months (6 monthly intervals).

  • Your personal circumstances may affect the rate we can offer you.

  • Fast decision - apply today using our secure and straightforward application form and you could get a decision in minutes.

  • Calculate your monthly repayments with our loan calculator.

  • Anyone who lives permanently in the UK, is aged 21 or over, has a bank or building society account with a Direct Debit facility, has a regular gross annual income of at least £5,000 and has not been declared bankrupt or had a CCJ or an IVA can apply for a loan.

  • If you are a 1|2|3 World customer, you could access a preferential rate of 4.9% APR on loans from £15,001 to £20,000. Use our 1|2|3 loan calculator to work out your monthly repayments. 

 

Please read the full product details and terms & conditions before applying. Other
rates and amounts are available; see the full details tab to find out more.

 

For our full range of loan rates see the table below. Your personal circumstances may affect the rate we can offer you.

Loan amount APR from 1|2|3 World APR from
£15,001 - £20,000 5.2% 4.9%
£7,500 - £15,000 4.3% 4.3%
£5,000 - £7,499 5.3% 5.3%
£3,000 - £4,999 13.9% 13.9%
£1,000 - £2,999 20.3% 20.3%

 

  • Your personal circumstances may affect the rate we can offer you.

  • Pay back over 12-60 months (6 monthly intervals).

  • Fast decision - apply today using our secure and straightforward application form and you could get a decision in minutes.

  • Calculate your monthly repayments with our loan calculator.

  • Anyone who lives permanently in the UK, is aged 21 or over, has a bank or building society account with a Direct Debit facility, has a regular gross annual income of at least £5,000 and has not been declared bankrupt or had a CCJ or an IVA can apply for a loan.

  • If you are a 1|2|3 World customer, you could access a preferential rate of 4.9% APR on loans from £15,001 to £20,000. Use our 1|2|3 loan calculator to work out your monthly repayments.

A 1|2|3 World customer is someone who holds one or more of the following products: 1|2|3 Credit Card, 1|2|3 Current Account, 1|2|3 Graduate Current Account, 1|2|3 Student Current Account, 1|2|3 Postgraduate Current Account, 1|2|3 Mini Current Account or 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. To be eligible for 1|2|3 offers you must be a 1|2|3 World customer in your own right. All customers must meet the eligibility criteria for each offer.

Fixed repayments for the life of your loan
Your loan repayment will be taken each month by Direct Debit on a day specified by you between the 1st and 28th of the month.

Early repayment
If you wish to repay your Personal Loan early in full, you will be required to repay the original loan amount but you will not be required to pay all of the interest due over the remainder of the agreement.

We calculate your settlement figure by first determining your ‘settlement date’. For a Personal Loan of less than, or equal to, one year we work out your settlement date by counting forward 28 days from the date we receive your request to settle early. If your loan agreement is longer than one year we are allowed to calculate the settlement date by counting forward for a further 30 days or one calendar month. We will charge interest up to your settlement date.

If you wish to repay part of your Personal Loan early, you can choose to either reduce the term of your loan or to reduce your monthly repayment amount.

Annual loan statement
Each year, on the anniversary of your loan opening, you’ll be sent a loan statement confirming details of the repayments made and repayments outstanding.

Further borrowing
If you already have a personal loan with us, you could be entitled to take out a further personal loan. You can either:

  • take out a new loan, so the first loan is paid off with the remainder of the new loan being paid in to your bank account. That way you only have one monthly repayment; or

  • keep your original loan going and take out a second loan for the amount you want to borrow. This would mean you have two monthly repayments.

For further information on borrowing more, please call us on 0800 028 4055 

Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future.

To view these documents, you may need to download Adobe Reader.

Pre-Contractual Explanation

We've provided a summary below of the important information that's contained in the Pre-Contractual Explanation. The full version of this can be found in the Personal Loans Key Facts Document which can be accessed via the link above. You should also read this before you apply.

What is a personal loan?
It's money that you borrow from us. The amount of the money that you borrow, the interest rate and the repayment time period are all fixed. We don't take security for a personal loan.

What checks do you need to do for me to get a personal loan with Santander?
To apply for a personal loan you must agree to us conducting a credit check on you. It's very important to provide accurate information in y our application - we might decline your application based on the results of your credit check, or if you have provided false information.

How much do I have to pay under the agreement?
You pay a fixed amount each month by Direct Debit (made up of the original loan amount and the interest charged). Your credit agreement will detail how much you pay (in total each month), and when the repayments will be due. We will send you an annual statement confirming repayments made and repayments outstanding.

What are the consequences if I do not keep up with repayments?
If you miss a repayment, we can deduct the missed payment and interest from your other accounts with us. We will also record details with a credit reference agency which could damage your credit rating.

If you miss multiple repayments, your credit rating can be damaged and you might have legal proceedings brought against you.

To avoid getting into this situation, please contact us if you are having financial difficulties in making your repayments.

Are there any features of the agreement which may operate in a manner which may adversely affect me?
You should read all documentation provided to you and consider the information carefully before taking out a personal loan to make sure that it is right for you.

Your right to cancel
You can change your mind up to 14 days after you sign. If you do this, you must repay anything you owe.

Can I repay my personal loan early?
You may repay the loan in full or in part at any time before the final payment is due. Details of how to do this are in your agreement.

When you make a partial repayment you can choose whether to either reduce the term of your loan or your monthly repayment amount.
 

 

You can apply for a Personal Loan if you:

  • are at least 21 years old

  • are a permanent resident in the UK

  • have a regular gross annual income of at least £5,000

  • have a bank or building society account with a Direct Debit facility

  • have been not declared bankrupt, had a CCJ or an IVA (within the past 6 years).

1|2|3 World APR eligibility:
A 1|2|3 World customer is someone who holds one or more of the following products: 1|2|3 Credit Card, 1|2|3 Current Account, 1|2|3 Graduate Current Account, 1|2|3 Student Current Account, 1|2|3 Postgraduate Current Account, 1|2|3 Mini Current Account or 1|2|3 Mini Account (in Trust). Trustees are not classed as 1|2|3 World customers. To be eligible for 1|2|3 offers you must be a 1|2|3 World customer in your own right. All customers must meet the eligibility criteria for each offer.

Direct Debit mandate form 

You will need the following information to hand when completing your application:

  • addresses for the past 3 years

  • employer's address and postcode

  • monthly income and expenditure

  • bank/building society details.

New and existing customers 1|2|3 World Customers

Apply now

Apply now

 Next steps following your online application:

  • If you apply online, you will receive an email confirming our decision within 1-2 working days of submitting your application.

  • If your application is accepted you will receive your loan agreement within 2-5 working days. You should sign and return this as soon as possible.

  • If you do not receive your agreement documents within 5 working days please contact us on 0845 602 27 13.

  • When we receive your signed agreement, we will deposit your funds into your nominated account within 1-2 working days.
     

Representative Example
4.3%
APR Representative. Loan amount £10,000 for £185.32 per month over 60 months. Total amount repayable £11,119.20. Rate of interest per annum 4.3% fixed.

 

We will do a credit assessment of your circumstances when you apply. Credit available subject to status. We reserve the right to refuse any application and to refuse a loan for certain purposes. Information and rates correct as at 29.09.2014.

Frequently asked questions

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