Car loan

Use our personal loan to pay for the car you've been searching for – whether new or used. Our rates do not vary between loan purposes.

Whether you're buying your first car or upgrading to a newer model, a personal loan can give you the freedom to buy the car that you want, with no limit to the miles you can do. Our personal loans aren’t secured against your car, so you’re free to sell it or part exchange it any time.

We offer one type of personal loan that you can use for different reasons. Check out our personal loans page to see what else a loan can be used for.

You can register interest on a car with one of our Santander approved dealers. They offer different payment options. Search for dealers or cars at your red car

Car 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 11/10/2023.

Loan eligibility

  • You must be aged 21 or over.
  • You must have a regular yearly income of £10,500+ for loans up to £19,999, or £20,000+ for loans between £20,000 and £25,000.
  • You must be employed, self-employed or retired.
  • You must be on the electoral roll and live permanently in the UK.
  • You must have a good credit record and not been declared bankrupt, had a CCJ or an IVA within the last 6 years.

All credit is subject to status. Our checker gives you an idea of whether we’ll accept you for a loan and it won’t leave a record on your credit file.

If you apply for a loan, a record of it will stay on your credit file for 12 months.

What you can get

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

Unacceptable loan purposes

We are unable to lend for certain purposes. Take a look at our Key Facts Document (783 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

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.

Key documents

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


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. 

Santander Consumer Finance

If you are an existing Santander Consumer Finance customer and have an enquiry relating to Personal Contract Purchase (PCP) or Personal Contract Hire (PCH) car  finance, please call 0800 085 1759.

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. 

Buying your next car just got more rewarding

Your Red Car is the car purchase site backed by Santander which rewards you when you buy a car. With thousands of cars from over 2,000 dealers nationwide to choose from, it’s simple to find your next car with Your Red Car.

A mobile phone showing the Your Red Car website.

How it works:

Step 1: Register
You can take a look around Your Red Car without registering. However to be eligible to claim the reward, you’ll need to register before you buy and contact the dealer through the site.

Step 2: Find a car you like
Search by the things that mean the most to you. They might include: how far away the dealer is, your preferred makes, models and features, or your overall or monthly budget. All dealers are approved and credit checked by Santander Consumer (UK) plc who have created and administered the site.

​​​​​​Step 3: Contact the dealer
When you’ve found the car for you, hit ‘Contact seller’ to be put in touch to discuss any questions you have and book a test drive.

Step 4: Buy your next car
When Your Red Car has put you in touch, simply deal directly with the dealer to buy your car. 

Step 5: Claim your reward
Once you’ve bought and collected your car, confirm your purchase on your account and Your Red Car will be able to send you your £75 e-gift.

  • Log on to your account, choose the car you bought from your dashboard and update the status menu on the left-hand side.
  • Your Red Car will email you within 14 days with details of how you can use your e-gift to buy vouchers using the GiftPay website. (Conditions and exclusions apply, available at selected retailers only. Take a look at the Your Red Car website).


Ready to be rewarded?

Buy the same car, same dealer, same price, but with a £75 e-gift reward.

Santander Consumer (UK) plc trading as Santander Consumer Finance. Registered Office: Santander House, 86 Station Road, Redhill. Surrey RH1 1SR. Registered in England number 2248870. Santander Consumer (UK) plc is authorised and regulated by the Financial Conduct Authority in respect of agreements regulated by the Consumer Credit Act 1974 and for general insurance mediation activity. Our Firm Reference Number is 444327. Santander Consumer Finance and the Flame logo are registered trademarks. 

Got a loan question?

Looking for your next car?

Find one from a dealership approved by Santander Consumer (UK) plc

Find your car