Santander Bank Personal Line of Credit

Santander Bank Personal Line of Credit Review

Santander Bank Personal Line of Credit is offered through Santander Bank, a bank founded in 1857 and based in Boston, MA. Santander Bank Personal Line of Credit are available in 11 states (and Washington, DC).

Santander personal line of credit FAQ

What APRs does Santander Bank Personal Line of Credit offer?

Santander Bank Personal Line of Credit offers a variable APR product that starts at 9.74% APR.

Does Santander personal line of credit charge an origination fee?

Yes, they charge a line of credit origination fee.

Does the Santander personal line of credit charge a cash advance fee?

Yes, they may charge a fee.

Does the Santander Bank Personal Line of Credit charge a statement balance fee?

No, this lender does not charge a statement balance fee.

Does Santander Bank Personal Line of Credit charge a late fee?

Yes, they may charge borrowers a late payment fee.

How much can you borrow via Santander personal line of credit?

Upon approval and based on your credit score and credit history, your personal line of credit will be assigned a credit limit of at least $5,000 and as much as $35,000. .

Santander Bank Personal Line of Credit Fees

Cash Advance Fee	N/A
Origination Fee	No
Prepayment Fee?	No
Late Payment Fee	No
Statement Balance Fee	No

What do you need to qualify for Santander Bank Personal Line of Credit?

Applicants with a credit score of at least 680 and up to 850 may be eligible for Santander Bank Personal Line of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Santander Bank Personal Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. Santander Bank Personal Line of Credit only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Santander Bank Personal Line of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Santander Bank Personal Line of Credit.

To qualify, applicants may need to provide the following documentation:

• Proof of income
• Driver's license
• Government issued photo ID
• Proof of identity
• Proof of citizenship or residence permit

Does Santander Bank Personal Line of Credit report your account activity to credit bureaus?

Yes, Santander Bank Personal Line of Credit reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Is Santander Bank a legit company?

Santander Bank was founded in 1857, it is a well-established company that has been in business for 166 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

How to apply for Santander personal line of credit

• Visit the website.
• Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
• Check the information is accurate and submit your application.