Santander Consumer USAUnaffiliated
in Auto Loans
Mostly not recommended
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Where does Santander Consumer USA do business?
Santander Consumer USA is based in Dallas, TX. It was founded in 1985 and offers auto loans in 48 states (and Washington, DC).
How much can you borrow via Santander Consumer USA?
Santander Consumer USA auto loan amounts start at $5,000 and go up to $75,000.
What APR does Santander Consumer USA offer on its auto loans?
Santander Consumer USA offers a auto loan product that ranges from 1.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum loan term you can get with Santander Consumer USA?
Santander Consumer USA has auto loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.
Does Santander Consumer USA charge an origination fee?
Yes, Santander Consumer USA may charge a loan origination fee.
Does Santander Consumer USA charge a late fee?
Yes, Santander Consumer USA charges borrowers with a late payment penatly fee
Does Santander Consumer USA charge prepayment fees?
Yes, Santander Consumer USA does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.
What do you need to qualify for a loan with Santander Consumer USA?
Applicants with a credit score of at least 650 can apply for a loan via Santander Consumer USA. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
What is the estimated funding time for an auto loan via Santander Consumer USA?
Santander Consumer USA will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 7 business days of approval.
SANTANDER CONSUMER USA Disclosure: "Rates depend on the individual's excellent and substantial credit and key loan characteristics, including amount, term, vehicle age. A representative example of payment terms are as follows: a loan amount of $20,000 with an APR of 7.50% and a term of 70 months would have a monthly payment of $353.63 with no down-payment required."
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- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Credit Score Range||
650 - 850
850 300 650
|Immigration Status Considered||
|Employment Statuses Considered||
|Maximum Vehicle Age||7|
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$5K - $75K|
|Loan Term (Months)||Up to 72|
|APR||Starting at 1.99%|