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With a personal line of credit from Santander Bank, you can consolidate debt, pay for tuition, or cover unexpected expenses.

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What is a Personal Line of Credit?

Let a Personal Line of Credit help achieve your goals. Whether you need to make necessary home or car repairs, tuition payments or fund other major expenses, your Personal Line of Credit is there to help you do the things that matter.

Plus, you'll only pay interest on the amount of your Personal Line of Credit that you use, and no collateral is required.



  • Borrow from $5,000 to $35,000. No collateral required.
  • Competitive variable rates as low as 7.74% APR.
  • Interest rate discount on your Personal Line of Credit when you set up automatic payments from any Santander Bank checking account.
  • No annual fee for Santander Select, Premier or Premier Plus deposit accounts.
  • Access your line of credit easily via checks or online account transfers, up to your available credit limit.
  • Reuse your Personal Line of Credit as you repay it.

What Can a Personal Line
of Credit Be Used For?



Making necessary home repairs.



Covering unexpected expenses,
like car repairs or medical bills.



Financing higher education costs
without drawing on your savings.

Monthly Payments on a Personal Line of Credit

Monthly payments on a Santander Personal Line of Credit with five year draw period and five year repayment period and our best rate of 7.74% APR1

Draw Amount Principal and
Interest Payment
Interest Payment
$5,000 $115.58 $32.25
$10,000 $231.17 $64.50
$20,000 $462.33 $129.00

Rates assume automatic payment from any Santander checking account.

How Does a Personal Line of Credit Work?

Wondering how much your payments might be with a Personal Line of Credit? You can run the numbers using these handy calculators:

Compare a Personal Line of Credit and a Personal Loan
  Personal Loan Personal Line
of Credit
No Collateral Required
APR Discount with Autopay from Any
Santander Bank Checking Account
Ongoing Access To Credit As You Need It  
Get Money You Need In One Lump Sum  
Re–Use As You Repay  
Predictable Fixed Monthly Payment  
  Learn More Apply Now

Frequently Asked Questions
  • 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 and 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 re-use your line of credit as you repay. Your monthly payment will be based on the amount of the line you have outstanding.

May We Also Suggest?

Rest easy with Simply Right Checking from Santander Bank.

Simply Right® Checking

Pay no Monthly Fee with one deposit, withdrawal, transfer, payment, or purchase of any amount in a calendar month.

  • No minimum balance to avoid the Monthly Fee.
  • Easy account access at thousands of Santander ATMs, including many CVS locations.
  • Convenient mobile app for checking balances and performing transactions on the go.

Learn More...

Bravo Credit Card

Bravo® Credit Card


  • $100 cash back as a statement credit when you spend $1,000 on new net retail purchases in your first 90 days after opening your account¤.
  • Triple points on supermarket, gas stations, and restaurant purchases, up to 15,000 points per calendar quarter
  • 1 point per $1 spent on all other purchases

Learn More...


Personal Loan

Simplify your financial life by consolidating your debt with a Personal Loan.

  • Provides your money in one lump–sum, and with a predictable monthly payment.
  • Use your funds for almost anything: paying off bills, home or car repairs, special occasions or a memorable vacation.

Learn More...

1 Rates: To get a Personal Line of Credit ("Line") with the best Annual Percentage Rate (APR) shown above, you must live in MA, RI, CT, NH, NJ, PA, NY, DE, ME, VT or DC and use automatic payment (ePay) from any Santander checking account. If ePay is not elected or discontinued, the interest rate will increase by 0.25 percentage points and your payment will increase. You must also meet our highest credit standards. For new Lines of Credit, your initial APR is based on the U.S. Prime Rate published in the Money Rates table of The Wall Street Journal on the date you sign the credit agreement. Thereafter, your APR may vary monthly based on the U.S. Prime Rate published in the Money Rates table of The Wall Street Journal on the first business day of the month, plus a margin of 4.24% (now 7.74% with ePay for credit qualified applicants). Minimum Line APR is 6.49% and the maximum is 18%. Contact us for information about higher rates that may be available to applicants who do not meet those standards. Fees: The amount of any annual fee on a Line will be assessed in the first month after the account is opened and each following year on the account anniversary date during the draw period. The annual fee will be waived as long as you have a Santander Select, Premier or Premier Plus checking account at the time the fee is assessed or will be $25 as long as you have an existing Santander Preferred checking account. All other accounts will be assessed the standard $50 fee. Draw & Repayment Terms: The Line has a five-year draw period during which you can obtain advances and elect either principal and interest or interest-only payments. Thereafter, no additional advances may be taken and the Line enters its five-year repayment period, during which you must repay both principal and interest. Other Information: Line use is subject to the terms of the Personal Line of Credit Agreement, including terms that permit Lines to be suspended, reduced or terminated in certain circumstances. The minimum Line amount is $5,000 and the maximum is $35,000. All information is accurate as of 05/16/2016 and may change thereafter. Lines are subject to approval.

¤ Accounts must be in good standing. Applies to net purchases only.