Use a personal line of credit from Santander Bank to fund your dreams.

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 8.74% 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?

personal line of credit tools icon


Making necessary home repairs.


Covering unexpected expenses, like car repairs or medical bills.

financing higher education


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 8.74% APR1

Draw Amount Principal and
Interest Payment
Interest Payment
$5,000 $119.75 $36.42
$10,000 $239.50 $72.83
$20,000 $479.00 $145.67
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  
Receive The Money In One Lump Sum  
Reuse As You Repay  
Predictable Monthly Payment  
Choice of Principal and Interest or Interest-Only Payments  
  Learn More Apply Now

Frequently Asked Questions

May We Also Suggest?

1 Rates: To get a Personal Line of Credit ("Line") with the best Annual Percentage Rate (APR) shown, 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 discontinued, the interest rate will increase by 0.25 percentage points, and your payment will increase. You must also meet our highest credit standards. Ask about higher rates that may be available for applicants who do not meet those 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 for your new credit account. 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 8.74% with ePay for credit qualified applicants). The minimum Line APR is 6.49% and the maximum rate is 18.00% APR. Fees: The $50 annual fee is assessed in the first month after the account is opened and each following year on the account anniversary date during the draw period. The fee will be waived if you have a Santander Select, Premier, or Santander Premier Plus checking account at the time the fee is assessed and will be reduced to $25 if you have a 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 will enter 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 12/15/2017 and is subject to change. Line accounts are subject to approval.

▲▲▲ 3% introductory APR for 12 billing cycles on balance transfers made within 90 days of opening your account. After the introductory period, a variable APR for balance transfers from 15.24% to 24.24%, based on the Prime Rate and your creditworthiness, with a transaction fee for each balance transfer of $0. There is no grace period on balance transfers. Also if you take a balance transfer offer, this means that unless your purchase APR is at an introductory or promotional 0% APR, you will pay interest on new purchases from the date made if you do not pay all balances, including the promotional balance transfer, in full by the next payment due date appearing on your statement. Variable APR for purchases from 15.24% to 24.24%, based on your creditworthiness when you open your account. Cash advance APR of 25.74%. Penalty APR of 30.74%, which may apply indefinitely to your account if you miss payments or otherwise default. Minimum finance charge of $1.50. There is no annual fee. Rates effective as of  12/01/2017. Rates are subject to change. Late payment fee and finance charges will still apply.

* Accounts must be in good standing. Applies to net new retail purchases only. Net new retail purchases: qualifying purchases less credits, returns, and adjustments. Balance Transfers, Cash Advances, including purchases of money orders or other cash equivalents, purchases made by or for a business purpose, fees, interest charges, unauthorized/fraudulent transactions, and certain other charges do not earn cash back credit. The cash back balance on your account does not expire for accounts in good standing. Cash Back in the form of statement credit upon your request. Receive the $100 cash back bonus via statement credit when you spend $500 on new net retail purchases within the first 90 days of opening your account. $100 cash back is credited to customer account within 6 weeks after spending requirements are met. Other terms and conditions apply.

app storegoogle play