Personal Loans | Santander Bank - Santander
Santander
Personal Loans
From consolidating debt to funding home improvements, we can help you make the most out of your loan with flexible terms and rates that work for you.
Check your rate with no impact to your credit score.
| Rates as low as 6.99%* There are no fees* to apply or close. Plus you can easily apply in less than 5 minutes. | On-the-spot pre-qualification Check your rate and available loan amount in less than 5 minutes with no impact to your credit score |
Personal Loan features & benefits
Talk to a Specialist at 833-SAN-LOAN
8 a.m. – 5 p.m. Eastern Time, Mon-Fri
8 a.m. – 5 p.m. Eastern Time, Mon-Fri
Same-day funding†
Most loans fund within 2 business days.
Flexible terms
Loans from $5,000–$50,000 with flexible terms from 3–7 years for monthly payments that fit your budget
No fees
- No origination fees
- No closing fee
- No prepayment penalties
Rate discount
Save 0.25% on your rate when you set up automatic payments from any deposit account
We’ll take care of your needs
Remodel your home, make home repairs, or pay for moving costs
Cover emergencies or unexpected medical costs
See how we compare
Filter Products
| | Santander | Lending Club | Prosper | Citibank |
| Origination fees | $0 | 3%-6% | 2.41% - 5% | $0 |
| Flexible terms | 36-84 months | 36 - 60 Months | 36 - 60 Months | 12 - 60 Months |
| Loan amounts | $5k-$50k | $1K - $40K | $2K - $40K | $2K - $30K |
| Funds deposited same-day | Yes  | Yes | Yes | No  |
| Rates (APR) | 6.99% - 24.99% | 7.04% - 35.89% | 7.95% - 35.99% | 7.99% - 23.99% |
Open account comparison
This comparison is based on competitor information that was publicly available as of 03/01/2022. Competitor information is subject to change without notice.
Apply now with EZApply
Start our online application to check your rate. There's no impact to your credit score and no commitment necessary.
01 Check your rate 02 Easily apply online 03 E-sign and get your funds
01 Check your rate 02 Easily apply online 03 E-sign and get your funds
Talk to a Specialist at 833-SAN-LOAN
8 a.m - 5 p.m Eastern Time, Mon-Fri
8 a.m - 5 p.m Eastern Time, Mon-Fri
Apply now with EZApply
Start our online application to check your rate. There's no impact to your credit score and no commitment necessary.
01 Check your rate
02 Easily apply online
03 E-sign and get your funds
01 Check your rate
02 Easily apply online
03 E-sign and get your funds
Talk to a Specialist at833-SAN-LOAN
8 a.m - 5 p.m Eastern Time, Mon-Fri
8 a.m - 5 p.m Eastern Time, Mon-Fri
The fast and simple way to get a Personal Loan
Meet Sophia
Sophia wants to consolidate her debt at a lower interest rate to save money. Learn how she uses EZApply to get a Santander Personal Loan quickly and easily.
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Sophia’s goals
Finances have become complicated. Sophia is juggling multiple credit card payments and is looking for a way to consolidate her debt into one low-rate payment.
How we can help
By entering a few details into EZApply, she can:
Check her rate with no impact to her credit score.
Apply and get approved on the spot.
Pay off debt directly upon approval.
Receive remaining funds in her account within one day.
Check her rate with no impact to her credit score. Apply and get approved on the spot. Pay off debt directly upon approval. Receive remaining funds in her account within one day.Monthly loan payment examples
With our best rate of 6.99% APR*
| Personal Loan Amount | 3 years | 5 Years | 7 Years |
|---|---|---|---|
| $5,000 | $154.36 | $98.98 | $75.44 |
| $10,000 | $308.73 | $197.96 | $150.88 |
| $20,000 | $617.45 | $395.93 | $301.76 |
Please note that this comparison assumes you qualify for a Loan with an Annual Percentage Rate (APR) of 6.99%. Fixed loan APRs (with ePay) range from 6.99% to 24.99%, depending on your credit worthiness.
Leading the way in America and around the world
For over 160 years, Santander Group has been helping clients prosper around the world. Today, Santander Group is one of the best capitalized banking institutions in the world with US $1.4 trillion in total assets under management. Santander Bank, N.A. is one of the largest retail and commercial banks in the U.S. Our growing network and globally connected roots are leading the way in financial services.
FAQs: Personal Loans
Personal Loans are unsecured and do not require collateral like your home or other assets. How much you’re able to borrow will largely depend on your credit history and not your home’s equity or any other assets. When you are approved for a personal loan, you receive the funds in one lump sum and your interest rates are fixed for the life of the loan, resulting in a predictable monthly payment.
Paying interest is the cost of taking out a loan. Personal Loans have a simple, fixed interest rate on the principal of the loan.
Learn how much your monthly payments will be by checking your rate with EZapply or speaking with a Specialist at 833-SAN-LOAN. There is no impact to your credit score.
A loan is an amount of money that you borrow for a specified length of time. You receive a one-time, lump sum that is paid down through fixed monthly payments with a fixed rate for a fixed term. A line of credit is a borrowing limit extended to you. The funds are available to you up to a pre-assigned credit limit and you have the ability to reuse your line of credit as you repay. Your monthly payment will be based on the amount of the line you have outstanding.
One of the benefits is that there is no asset (car, house, etc.) acting as collateral against the borrowed funds, which simplifies the application process. Whether you need to consolidate debt, make necessary home or car repairs, purchase appliances, or pay for major expenses (weddings, vacations, etc.), your Personal Loan is there to help make your plans a reality with funds in one lump sum.
Learn more about common Personal Loan uses.
A Personal Loan is a great option to consolidate multiple debts into a single monthly payment. First, identify all the debts that you are interested in consolidating. Then apply for the total sum, or more, if you would like to have some left over for another purpose, letting us know all the debts you would like to consolidate into your loan. Once you are approved, the Personal Loan funds can be used to pay off your higher interest debts and consolidate into one loan with a single monthly payment, often at a lower rate than your multiple debts.
*Rates and Terms: Personal Loans are subject to individual approval and meeting our credit standards. Your primary residence must be located in AZ, CA, CT, CO, DC, DE, FL, GA, IL, IN, MA, MD, ME, MI, MN, MO, NC, NJ, NH, NY, OH, OR, PA, RI, TN, TX, VA, VT, or WA. The fixed loan Annual Percentage Rate (APR) will depend on your creditworthiness and use of automatic payments (ePay) from any deposit account. The APR on a Personal Loan will increase by 0.25 percentage points and the payment will increase, if ePayis not elected or is discontinued. Fixed loan APRs (with ePay) range from 6.99% to 24.99%. Loan amounts range from $5,000 to $50,000. Loan repayment terms range from 36 months to 84 months. APRs and other terms are accurate as of and are subject to change without notice. Personal Loans cannot be used to finance post-secondary educational expenses.
†Based on the time your application is received, same-day funding is available in many cases, depending on your creditworthiness and the funding instructions you provide.
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