Santander cut loan rates
Santander have today announced rate reductions on personal loans of between £5,000 and £7,499 to 4.9% APR.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
For personal loans between £5,000 and £7,499:
- 4.9% APR for new and existing 1|2|3 and Select customers (previously 5.3%).
- 5.2% APR for all other existing or new customers (previously 5.3%)
Larger loan rates have also been reduced, and now start at 4.2% APR on loans between £7,500 and £20,000.
For personal loans between £7,500 and £20,000:
- 4.2% APR for new and existing 1|2|3 and Select customers (previously 4.3%)
- 4.5% APR for all other existing or customers (previously 4.3%)
These reductions give Santander ‘best buy’ rates for loans between £5,000 and £7,499.
Ruben Justel, Director of Cards and Unsecured Personal Loans at Santander said:
“We know that people would like to get their finances in order at the start of the New Year. These personal loan rate reductions will help them to achieve these goals, and ensure that they can look forward to the year ahead with confidence.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: Nationwide
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn