Personal loans

If you've got balances on store cards and credit cards or even overdrafts and loans, you might be making a number of repayments throughout the month at a number of different rates. A personal loan could help you. You could:

• Save money if your Santander personal loan rate is lower than your existing rates
• Lower your monthly repayments at a fixed rate
• Put all of your existing debts into one monthly payment for convenience

We can't guarantee that these options will reduce your overall cost of borrowing. You need to consider the interest rates you're currently paying and compare these with the options here, taking into consideration any other product benefits you may lose.

Whether you're buying your first car or upgrading to a newer model, a loan gives you the freedom to buy your car exactly where you want with no limit to the miles you can do. Loans aren’t secured against your car.

A personal loan could bring your home improvement plans to life. From an extra bathroom, to a new kitchen, to a loft conversion, you could borrow the money you need to make the change you want.

Holiday of a lifetime? Dream wedding? If you have an occasion you need to fund, a personal loan could help you make your plans a reality.

We are unable to lend for certain purposes. Take a look at our Key Facts Document for more information

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

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

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.

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

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

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

Your loan repayment will be taken by Direct Debit each month. Your first repayment will be taken on the 1st of the month following your application. Once you have made your first repayment, you can change your repayment date to suit you, any time between the 1st and 28th of the month. Simply call us on 0800 876 6386 to arrange. Your repayment amount is fixed and won’t change for the life of your loan.

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

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.

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

Use Send Me the Link to send yourself our mobile apps, videos, guides, and factsheets.

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.

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.

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.

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. 

 If the coronavirus situation has had an effect on your finances you may be able to take a personal loan payment holiday of up to 3 months. The best way to apply is online. Just take a look at our FAQs to learn more