Abbey loans are not available because Abbey are now part of Santander. However Santander loans offer:
Santander Personal Loan features
- Borrow from £1,000 to £20,000
- Repayment periods of 1 to 5 years
- No arrangement or set up fee
To be eligible for Santander loans you must
- Be at least 21 years old
- Permanently live in the UK
- Have a regular income of at least £6,000 a year
- Not have been declared bankrupt, had a CCJ or IVA in the last 6 years
- Not be intending to use the loan for the purchase of property or land, payment of utility bills, payment of tax demands, gambling or to fund any illegal activity.
You can also use the Santander Loan Calculator to give you a rough idea of how much a Santander Personal Loan will cost you, you just need to enter how much you need to borrow and how long you want the repayment term do be. However it is important to note that the APR you are given should you apply for a loan may differ from the one a loan calculator uses. This is because most lenders will tailor your personal annual percentage rate based on an assessment of your financial circumstances such as; your credit score, how much you earn and if you already have any credit commitments
Loans can be big commitments, taking years to full pay off. Because of this it’s important to try and get the best deal you can, you can use the comparison table above to compare loans from various different lenders to assess what some of your options may be, and you may also want to consider what kind of loan might be the most suitable for your needs.
Before you commit to a loan you may wish to first consider alternatives to borrowing, If you have any savings it might be beneficial to use these instead, it may be that the interest you pay on a loan will be higher than any interest you earn in your savings.
There are other types of borrowing such as authorised overdrafts and credit cards you might wish to consider.
It is also important to consider if you are thinking of taking out a loan to consolidate debt that spreading your payments over a longer term means you may ultimately be paying more overall than with your existing arrangements, even if the interest rate on this new loan is less than the rates you have at the moment.
An Abbey Loan (Abbey are now part of Santander UK) could help you get back in control of your finances and makes rolling outstanding credit into just one manageable monthly payment quick and easy. Whatever you want the cash for, shopping around to get the best deal is a good idea; you can use the comparison tables below to look at some of the different loans that may be available to you.