Green personal loan

Make your ScottishPower energy efficiency improvements a reality with our borrowing options.

What is a Green personal loan?

Our Green personal loan could bring your energy efficiency plans to life. Considering solar panels or a heat pump? You could borrow the money you need, to make the change you want.

Already have a Santander mortgage? You could apply for an additional loan instead. This is secured against your property.

You could also get up to £500 cashback if you borrow from us. So you can make energy-efficient home improvements using ScottishPower, one of our trusted partners.
 

Green personal loan calculator

I would like to repay this over

Maximum APR we could offer on a loan of £XX,XXX is 26.9% with a monthly repayment of £XXX and total amount repayable of £XX,XXX

The interest we charge varies between loan amounts. The amount you want to borrow may be close to one of the points where the APR (annual percentage rate) goes up or down. You might be able to reduce your monthly repayments, and total amount payable by slightly adjusting the amount you borrow.

The calculator is for illustrative purposes only. Your personal circumstances and the loan amount might affect the rate we offer. The maximum APR we could offer is 26.9%. You should make sure you’re able to make the repayments over the full term of the loan. We reserve the right to refuse any application. Information and rates correct as at 23/09/2024.

To apply for a loan

  • You must be aged 21 or over.
  • You must have a regular yearly income of £10,500+ for loans up to £20,000.
  • You must be employed, self-employed or retired.
  • You must live permanently in the UK.
  • You must have a good credit record and haven't been declared bankrupt, had a CCJ or an IVA within the last 6 years.

All credit is subject to status.

Eligibility checker

Before you apply, we'll check your chances of being approved for a loan. This check will not impact your ability to get credit elsewhere. You can then decide if you want to apply.

If you have Experian CreditLock or similar with another credit reference agency, you'll need to switch it off before you apply.

Once you submit your application, we'll do a credit check on you. This will leave a mark on your credit file which will remain for 12 months.

What you can get

A Green personal loan could bring your energy efficiency plans to life. Solar panels and heat pumps could be installed by ScottishPower who are one of our trusted partners. You could borrow the money you need to make the change you want.

Unacceptable loan purposes

We are unable to lend for certain purposes. Take a look at our Key Facts Document (PDF - 221 KB) for more information.

Range of loan rates

This table shows the rates that you may get if you apply for certain loan amounts. The rate we offer you depends on your personal circumstances. The maximum APR we could offer you on any loan amount is 26.9%.

 New and existing Santander customers
£1,000-£2,99913.5%
£3,000-£4,9999.9%
£5,000-£7,4997.2%
£7,500-£15,0006.2%
£15,001-£20,0006.4%

Check to see if you’re eligible

Using our checker will give you an idea of whether we’ll accept you for a loan. It won’t leave a record on your credit file. This only happens when you apply. Using our checker won’t impact you getting credit somewhere else.

If our checker confirms that you might not be accepted for a loan, you may want to review your credit file. You can do this by contacting Experian, Equifax or TransUnion. You might also want to re-visit our own eligibility criteria.

Apply online between 6.30am - 11.30pm

You'll usually receive an accept, decline or refer decision by email within 5 minutes.

Apply online between 11.30pm - 6.30am

You'll receive an email with a decision by 7.30am.

Receiving a 'refer' decision

This means that we need our underwriting team to look at your application and we may need more information from you. You'll receive an accept or decline email within 2 working days of the additional information being provided.

If your application is accepted

You'll receive a further email with details of how to sign your loan agreement online.

Your loan code

Once your application is accepted we'll send you a code by first class post. You'll need to enter it online to release your loan funds

Receiving your loan

Once released, your loan funds will be in your chosen bank account within 2 working days.

If you need your funds quicker and you’ve had a current account with us for at least 60 days

Apply in branch and if your application is accepted, you could get your money instantly.

Apply over the phone and we’ll guide you through your loan application and give you a decision. You could get your loan paid into your account the next working day. In most cases, you won’t need to return any paperwork.

Key documents

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

Repayments

Your loan repayments will be taken by Direct Debit each month. When you apply for a loan, you’ll be asked to choose a repayment date between the 1st and the 28th of the month. Your monthly repayment amount is fixed and won’t change during your loan. 

To change your repayment date, call us on 0800 876 6386. Changing your repayment date could mean that 2 repayments are taken within a 30-day period.

Annual loan statement

Every year on the date you opened your loan, you’ll be sent a statement confirming details of the repayments you’ve made.

Early repayment

You can make unlimited overpayments at any time before your final repayment is due or you can repay your loan in full. You can find out how to do this in your agreement.

Online and Mobile Banking

You can see information about your Personal Loan in both Online and Mobile Banking. If you’ve never used it before, you’ll need to sign up first.

Find out more about Online Banking
Find out more about Mobile Banking

Top up your loan

If you want to borrow more you can top up your loan. In this case your new loan will pay off your existing loan and you will continue to make one monthly repayment. You can only arrange this in branch or over the phone by calling us on 0800 028 4055.

Take another loan

You don’t have to pay off your loan to borrow more. You can keep your original loan and take out a second one, in this case you will have two separate loan repayments to make.

Early repayment

You can repay your loan in full or make overpayments any time before the final payment is due. Take a look at our repaying your loan early page to learn more.

Settlement figure

You can request a settlement figure by calling us on 0800 028 4055. We will send you a breakdown of the settlement figure including any charges associated with early settlement.

Have your borrowing needs changed?

Please speak to us in branch or call us on 0800 028 4055 as we can assess your borrowing needs and may be able to find a solution for you.

Online Banking

If you have a loan with us and nothing else, you may not have Online Banking. 

If you’d like to get Online Banking so you can manage your loan online, call us on 0800 028 4055 and we’ll help you set this up. 

If a Green personal loan isn't for you, then check out our personal loans page to see what else a loan can be used for.

Alternatively, if you’re a homeowner and you’ve built up a good amount of equity, you may be able to remortgage to free up cash. Take a look at our remortgage page for more details.

You may also be eligible for energy-efficient home improvements help with a scheme or government grant. Visit Citizens Advice to find out more.

Get up to £500 home energy cashback

You could get cashback if you borrow from us. So you can make energy-efficient home improvements using ScottishPower, one of our trusted partners.

Home energy cashback

Offer available to our mortgage and personal current account customers only. £250 home energy cashback if you borrow between £5,000 and £9,999. £500 home energy cashback if you borrow £10,000 or more. All loans are subject to status. Terms and conditions apply. Offer can be withdrawn at any time.

It's important that you read and understand the information and documents below. If there’s anything that you don’t understand, then please contact us. Please tick the boxes to show that you want to proceed and check if you’re eligible for a loan.

 

Key Facts Documents and Terms & Conditions

You should read and consider these documents carefully before you apply (you can also print or save them). If you have any questions or need further information, please contact us. To see 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 using the link above. You should also read this before you apply.

 

Is this personal loan right for your needs?

A personal loan is a fixed amount borrowed from us which is repaid in equal, fixed, monthly repayments over an agreed period of time. As long as you don’t miss any repayments, the loan is fully repaid at the end of the loan term.

A personal loan is more suitable for borrowing over a medium to long period of time.

Before applying you should check you can make each monthly repayment comfortably throughout the term of the loan.

There might be cheaper ways to borrow smaller amounts over a shorter period of time, such as a credit card or an overdraft.

 

What checks will we need to do if you apply for a personal loan with Santander?

If you apply for a personal loan we'll do a credit check on you. This helps us decide whether to accept or reject your application.

When you apply, please make sure any information you give us is accurate. We might reject your application if you tell us something that isn't true.

 

How much will you need to pay?

All monthly repayments will be for the same amount.

Your credit agreement will show how much you need to pay in total and each month, and when your repayments are due. We’ll send you a statement each year confirming the repayments you have made.

 

What happens if you don’t keep up with your repayments?

If you miss a repayment, we can collect the amount owed, including any interest, from other accounts you have with us. We’ll also report this to credit reference agencies who’ll record it on your credit file. This will affect your credit rating and might make it more difficult for you to borrow in future.

If you miss multiple repayments, we might take legal action against you. In the very worst case, we could ask a court to order that, if a property you own is sold for any reason, some of the money you get from the sale is used to repay what you owe us. We might also transfer your debt to a debt recovery company.

To avoid getting into this situation, please contact us if you’re struggling to keep up with your repayments.

 

Can I repay my personal loan early?

You can repay all or part of the loan at any time.

Take a look at your credit agreement if you’d like to find out more about repaying early.

 

Can you change your mind?

You have 14 days to decide if this is the right personal loan for you, starting from the day your loan account is opened.

If you decide you don’t want your personal loan anymore, you’ll have to pay back your outstanding balance. We won’t charge you any interest or fees during the 14 day period.

All credit is subject to status.

Before you apply, we'll check your chances of being approved for a loan. This check will not impact your ability to get credit elsewhere. You can then decide if you want to apply.

Once you submit your application, we'll do a credit check on you. This will leave a mark on your credit file which will remain for 12 months.

Continue

Money worries

We'll do our best to help you if you think you might be having financial problems.

Borrowing options

View other options, such as overdrafts, credit cards, or loans for our mortgage customers.