Santander cut loan rates
Santander have today announced rate reductions on personal loans of between £5,000 and £7,499 to 4.9% APR.
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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.”
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