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When to Choose an Unsecured Personal Loan

Financing with an Unsecured Personal Loan

debt consolidation
Debt Consolidation
You may have accumulated some debt in the past few years. When that debt is accompanied with a high interest rate, it can be difficult to pay it down. With a Personal Loan from Santander Bank you can consolidate this debt into one monthly payment with a competitive interest rate.
financing home improvements
Financing Home Improvements
Let’s say your kitchen appliances could use an update but you’re on a budget. You’ve done your homework getting cost estimates and now you know how much you’re willing to spend. With your new appliances in mind, you’ll know just how much you need to borrow.

Financing with an Unsecured Personal Loan

There are no application costs or annual fees, and no collateral is required.
Santander offers competitive rates, plus you can get a rate discount when you set up automatic loan payments from any Santander Bank checking account.1
A Personal Loan can be used for a variety of needs. You can borrow from $5,000 to $50,000 and take up to 84 months to repay.1

*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.

1Rates and Terms: Personal Loans are subject to individual approval and meeting our credit standards. Your primary residence must be located in MA, RI, CT, NH, NJ, PA, NY, DE, ME, VT, FL, MD, DC, GA, CA, AZ, TX, IL, OH, MI, or NC. 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 ePay is 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.

Personal Loan Monthly Payment Example

Monthly payments on a Santander Personal Loan with a 84-month term and our best rate of 6.99% APR.1





Monthly Payment




2National Average APR for a credit card as of 11/24/2021 (source: Estimated using a credit card monthly payment, based on 3.00 % of outstanding balance, with a minimum of $15 (source: