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Santander Car Loan Overview

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The information below provides an overview of everything you need to know about Santander car loans.

How much will a Santander car loan cost? Use the Santander car loan calculator to estimate possible repayments based on your loan amount and terms. Input the amount, and set the terms or adjust it using the sliders to view various outcomes.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

Santander car loans review

Santander offers unsecured personal loans which you can use to purchase your coveted car.

Santander car loan features

Thinking of applying for a Santander car loan? Here are the key features and benefits to expect:

  • Loan amount and terms. Borrow £1,000 to £25,000 over 1 to 5 years.
  • Fast decision. Receive a decision if you have been approved or declined for a car loan within 5 minutes.
  • Fixed repayments. Pay the same amount monthly and manage your finances better.
  • No extra charges. Santander does not charge arrangements or set up fees for your car loan.
  • Pay your loan in advance. Make unlimited overpayments for your car loan with no extra costs or fees.
  • Own your car outright. Your car is yours upon purchase and your loan with Santander will not be secured against your vehicle or any of your assets.

How to apply for a Santander car loan?

Check that you’re eligible:

To qualify, you must:

  • Be 21 years old or older
  • Be a permanent UK resident
  • Have a regular annual income of over £7,500
  • Hold a bank or building society account for Direct Debit
  • Not have a CCJ or an IVA or declared bankruptcy within the last 6 year

What you’ll need:
Other than your personal and contact information like phone number and email address, you should also prepare the following when applying:

  • Details of your address/es over the past 3 years (including postcodes)
  • Bank account details (sort code and account number)
  • Details of monthly income and expenses
  • Employment details, including employee’s address, postcode and phone number
  • Valid IDs

 

Santander car loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

£20,000

Term

60 months

Change
Santander

Santander Car Loans

Santander Car Loans
EST Monthly Repayment
£425 Inclusive of fees
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
GO TO SITE
View Santander's website for more details on their car loans
Featured
Carmoola

Car Hire Purchase

EST Monthly Repayment
£474 Inclusive of fees
Interest Rate
14.80%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
£2,000
to £40,000
GO TO SITE
Carmoola's rates start as low as 6.9% for loans of between £2k - 40k over one to five years. Representative APR: 14.8%. Buy your dream car in minutes with Carmoola's virtual card, with a £0 minimum deposit. Carmoola is an entirely digital, app-based lender. No sales calls or paperwork! Take control and manage your loan in-app.

BestLoanRates.co.uk provides factual information in relation to financial products. While BestLoanRates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and, to the best of our knowledge, is correct at the time of publishing. The information published on BestLoanRates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with BestLoanRates.co.uk. BestLoanRates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information, please see BestLoanRates.co.uk's Terms of Use.

Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

Santander Car Loan FAQs

How long does a Sainsbury car loan application take?

When you apply for a Santander car loan, you can get a decision within 5 minutes. The loan process can take around 2 to 5 days before the fund is released. It can take longer if Santander will require additional information from you.

Do I need a Santander bank account to apply for a car loan?

No, both existing and new Santander customers can apply for personal loans, including car loans. You just need to have a current bank or building society account that will allow you to make Direct Debit repayments.

How can I apply for a Santander Car Loan?

Borrowers can apply for a Santander online through their website. If you are already a Santander customer, you may apply using your online banking account, by phone or in a local bank branch near you.
 
You can get an instant decision if you are accepted or declined minutes after your application. If you apply past 11:30 pm, you may get a decision by 7:30 am the next day. Moreover, if you receive a “refer” decision, Santander may require further information and you can get a decision within 2 working days.

How can I claim my Santander car loan?

If you are confirmed eligible for a Santander car loan, they will send you a reference number. Use this reference number to log into their personal loans application portal and sign your loan agreement online. Afterwards, Santander will send a special code via first class post within a day or two. You’ll then need to use the code to log into the portal to release your loan funds. Within two working days, you can expect the fund to be in your nominated bank account.

Learn more about Santander with this video

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Bestloanrates.co.uk provides factual information in relation to financial products. While Bestloanrates.co.uk attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the produc provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Bestloanrates.co.uk is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Bestloanrates.co.uk. Bestloanrates.co.uk recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Bestloanrates.co.uk’s Terms of Use and Services Guide.

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