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 9.49% 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?

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Making necessary home repairs.

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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 9.49% APR1

Draw Amount Principal and
Interest Payment
Interest Payment
$5,000 $122.88 $39.54
$10,000 $245.75 $79.08
$20,000 $491.50 $158.17
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

May We Also Suggest?

1Rates: To get a Personal Line of Credit (“Line”) with the annual percentage rate (APR) shown, you must reside in MA, RI, CT, NH, NJ,PA, NY, DE, ME, VT, MD, or DC, have or open a Santander checking account, and use automatic payment (ePay) from that account. You must also meet our highest credit standards. A Santander checking account is not required to qualify for a Line of Credit, but use of ePay from a Santander checking account will result in an interest rate discount. If ePay is discontinued, theinterest rate will increase by 0.25 percentage points, and your payment will increase. For new Personal 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 (WSJ) on the date you sign the credit agreement. Thereafter, your APR may vary monthly and is based on the U.S. Prime Rate published in the Money Rates table of the WSJ on the first business day of the calendar month, plus a margin of 4.24% APR with ePay from any Santander checking account. Minimum Line APR is 6.49% and the maximum is 18.00%. Contact us for information about higher rates that may be available to applicants who do not meet those standards. Fees: The annual fee will be waived as long as you maintain a Santander Select, Premier, or Premier Plus Checking account. The annual fee will be $25 as long as you maintain a Preferred Checking account. In all other cases, the annual fee will be $50. Please note, not all checking products listed are currently offered for sale. Draw & Repayment Terms: TheLine has a five-year draw period during which you can obtain advances and elect either principal and interest or interest-onlypayments. Thereafter, no additional advances may be taken and the Line will enter its five-year repayment period during which you must repay 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. APRs and other terms are accurate as of 10/1/2018, and may change thereafter. Line accounts are subject to approval.

▲▲▲Santander® Ultimate Cash Back® Annual Percentage Rates (APRs) and Fees: 3% introductory Annual Percentage Rate (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 16.49% to 25.49% based on the Prime Rate and your creditworthiness. 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. Balance Transfers cannot be used to pay off another Santander credit card, Santander loan or line, or another institution’s loan balances or card balances if they do not accept our electronic payments. Variable APR for purchases from 16.49% to 25.49% based on the Prime Rate and your creditworthiness when you open your account. Cash advance APR of 26.99%. Minimum finance charge of $1.50. Penalty APR of 31.99%, and loss of any introductory or promotional rate, if any, which may apply indefinitely to your account if you miss or make a late payment or otherwise default. There are no Annual, Balance Transfer, Cash Advance, Foreign Transaction, or Returned Payment fees. Finance charges still apply. Each time we do not receive the Minimum Payment Due in full by the Payment Due Date, we will charge you a Late Fee of $25 for the first late fee in a 6-month period and a $35 fee for each late payment until there are 6 consecutive months with no late payments. However, we will never charge a Late Payment Fee exceeding the Minimum Payment Due that is late. Rates effective as of . Rates are subject to change. 1.5% Cash back is earned on new net retail purchases (qualifying purchases less credits, returns, and adjustments) and can be redeemed for statement credit, gift cards, electronic certificates, or merchandise. Cash back cannot be earned on balance transfers, cash advances, purchases of money orders and other cash equivalents, purchases made by or for a business purpose, fees, interest charges, unauthorized / fraudulent transactions, and certain other charges. Cash back balance does not expire for accounts in good standing. Earn $100 cash back via statement credit after you spend $500 on net new retail purchases within the first 90 days of opening your account, provided the account is in good standing. This credit can take up to 6 weeks to be processed. Other terms and conditions apply. Credit card accounts are subject to approval.

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