Santander Personal Loan
Santander offers personal loans with a 1-2-3 World loyalty rate for eligible current account holders. Fixed rates, no fees for early repayment.
Santander's personal loans cater well to their 1-2-3 World account holders, offering competitive fixed rates with no early repayment fees.
Santander Personal Loan
Updated 5 minutes agoAPR
5.3–21.9%
Amount
£1,000–£25,000
Term
12–60 mo
Requirements
UK resident
18+
Decision
Same day
Rate Lock
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Our Verdict
Santander's personal loans cater well to their 1-2-3 World account holders, offering competitive fixed rates with no early repayment fees.
✅ Best For
This loan is best for current Santander 1-2-3 account holders seeking straightforward financing options with fixed interest rates.
⚠️ Watch Out
Potential borrowers should be aware that the APR can vary significantly based on creditworthiness, with rates reaching up to 29.9%.
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About this mortgage
Expert Analysis
Santander offers personal loans that range from £1,000 to £25,000, with terms spanning 12 to 60 months. One of the standout features is the absence of early repayment fees, allowing borrowers to settle their loan without incurring additional costs. The fixed interest rates provide certainty regarding monthly repayments, which can be beneficial for budgeting purposes.
However, the APR fluctuates between 5.3% and 21.9%, depending on the applicant's credit profile, meaning not all borrowers will benefit from the lowest rates. For those with a Santander 1-2-3 account, the loyalty rate is particularly appealing, making it a good option for existing customers. It's important to note that those with lower credit scores may find themselves facing much higher interest rates, which could make the loan costly over time. In comparison to other lenders, Santander's straightforward approach and same-day approval can be advantageous, but potential borrowers should shop around to ensure they secure the most competitive rates available to them.
Similar options
M&S Bank Personal Loan
PersonalUK resident
18+
M&S Rewards card for bonus points
APR
6.0–19.9%
Term
12–60mo
Monthly
£1k–£25k
Amount
£1k–£25k
APR
9.9–69.9%
Term
12–60mo
Monthly
£1k–£8k
Amount
£1k–£8k
APR
5.9–24.9%
Term
12–60mo
Monthly
£1k–£25k
Amount
£1k–£25k
APR
3.9–24.9%
Term
12–60mo
Monthly
£1k–£50k
Amount
£1k–£50k
APR
5.5–19.9%
Term
12–60mo
Monthly
£1k–£50k
Amount
£1k–£50k
APR
5.9–34.9%
Term
12–60mo
Monthly
£1k–£35k
Amount
£1k–£35k
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
Similar options
M&S Bank Personal Loan
PersonalUK resident
18+
M&S Rewards card for bonus points
APR
6.0–19.9%
Term
12–60mo
Monthly
£1k–£25k
Amount
£1k–£25k
APR
9.9–69.9%
Term
12–60mo
Monthly
£1k–£8k
Amount
£1k–£8k
APR
5.9–24.9%
Term
12–60mo
Monthly
£1k–£25k
Amount
£1k–£25k
APR
3.9–24.9%
Term
12–60mo
Monthly
£1k–£50k
Amount
£1k–£50k
APR
5.5–19.9%
Term
12–60mo
Monthly
£1k–£50k
Amount
£1k–£50k
APR
5.9–34.9%
Term
12–60mo
Monthly
£1k–£35k
Amount
£1k–£35k
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