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Summary Box
Key information for Personal Loans provided by Santander UK plc from £7,500 to £14,950
|
| APR |
Typical 8.9% APR
If successful, the interest rate you will pay is based on your personal circumstances and the amount you choose to borrow. |
| Interest rate ranges |
Loan size range
£7,500 - £14,950 |
From %
8.9% |
To %
16.9% |
Representative APR
8.9% |
|
| Interest charging information |
The interest charged is added to the total loan at the beginning of the loan term. The charge is calculated by applying the agreed rate to the loan balance on the basis that you will be paying part of the loan (capital) each month, over the chosen term. This results in a larger amount of interest being attributed in the early months of the agreement than in the later months. The interest rate applicable to your agreement will be fixed for the life of the loan. |
| Repayment information |
The first monthly payment is payable 30 days from the date you receive the loan funds, unless you chose to change the monthly payment date. Other monthly payments are payable on the same date each month until the loan and all the interest and any other sums due are repaid. Payment holidays and deferred payments at the start of the loan are not permitted. |
| Repayment period |
12 - 60 months in monthly intervals. |
| Amount of loan available |
£7,500 - £14,950 in £50 intervals |
| Application/Arrangement fee |
Not applicable. |
| Other fees |
Not applicable. |
| Default fees |
Late Payment Fee £15
Monthly Arrears Fee £20
Default Notice £40. |
| Early settlement |
We will determine your settlement date and any rebate of interest to which you are entitled in accordance with the Consumer Credit (Early Settlement) Regulations 2004. If the agreement is for a term of more than one year, we may charge you one month’s interest to cover the cost of setting up your loan. |
| Illustrative example |
Loan
amount |
Representative
APR |
Term |
Monthly
repayment |
Total
payable |
| £7,500 |
8.9% |
36 months |
£236.95 |
£8,530.20 |
| £10,000 |
8.9% |
60 months |
£205.44 |
£12,326.40 |
| £14,000 |
8.9% |
60 months |
£287.61 |
£17,256.60 |
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