Santander has reduced the cost of borrowing for selected loan amounts, boasting reductions of up to 1.2% APR.
Customers looking for a personal loan of between £5,000 and £7,499 will now pay 6.1% APR (a reduction of 1.2%), while those seeking £15,001 to £20,000 will pay a rate of 6.7% APR (down 0.7%).
The finer details…
Example repayments: £5,000 over three years = £152.05.
Rates are available to new or existing customers (alternative loans are available to Santander Select and 123 customers which offer similar rates). Borrowers should remember that rates are representative and dependent on individual credit ratings.
Why we like it…
These reductions have strengthened Santander's position in the personal loan market, offering competitive borrowing choices across a range of tiers.
Four Moneyfacts Stars have been awarded.
Click here to apply for this Santander loan product
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