Santander Personal Loan: A loan can be an alternative for covering daily needs. To help loan applicants, several financial institutions have offers with special conditions. One of these companies is Santander

Banco Santander

Santander Brasil has been operating in the Brazilian market since 1982 and is the country's third largest private bank in terms of assets.

The institution is present in all regions of Brazil through a wide-ranging structure made up of branches, PABs (Banking Service Points) and self-service machines, as well as regional offices, technology centres and cultural units.

Santander Brasil's business activity is divided into two main structures: the commercial bank, which brings together all the retail activities, such as serving individuals as well as small and medium-sized companies, and the wholesale bank, geared towards large companies and capital market business.

The Santander personal loan offers the bank's customers special conditions. Santander allows instalments of up to 6 years. The term varies according to the product chosen, the customer's credit analysis and the instalment option.

The contract can be finalised in a short space of time and in a simpler way. The customer has up to 59 days to start paying. The contract can be taken out via the Santander app, internet banking, self-service, call centre or at a branch.

If you prefer to do the process via the app, simply indicate how much you need and the amount of the instalment; choose the best offer; and confirm the terms of the contract.

The total effective cost (CET) and the annual effective interest rate of the loan can be viewed in the application - in the Financial Control > My Commitments tab.

This loan option is only available to those who have a current account with Santander. Santander offers a simulation function on the website through from this link.

For non-account holders, Santander offers the SIM Loan. This option allows you to apply completely online and get up to R$ 25,000 in your account within three days.

Santander Personal Loan: how does it work?

Banco Santander offers customers three lines of personal loans:

1. Personal loans
2. Personal Loan with Property Guarantee
3. SuperCredit

The personal loan is released automatically into the account, so it is for account holders. The discharge period can be from 2 months to 5 years (60 months).

The customer is free to choose the payment due date and can have a grace period of up to two months. These conditions (payment and grace period) vary according to the client's profile and the amount of the loan.

This line of credit can be granted online (app or internet banking), at ATMs or at bank branches.

Personal loans can be extended. Like Renewed Credit. This line of credit allows you to get a new contract at cheaper rates and still get an extra amount if you want.

How do I get a loan from Santander?

Speaking of retail customers, Santander has credit options for account holders and some for non-account holders. In general, the process of obtaining a loan is very simple and involves the following steps:

1. When applying for a loan, present identification documents, proof of income and residence
2. Profile assessment to analyse the risk and whether or not it meets the requirements
3. Signing of the contract defining all the credit terms
4. Releasing the money

Of course, not all loans follow this step by step, for example, pre-approved loans only classify the profile once, then they become available on behalf of the account holder.

Only if he wants to increase the credit limit on his account. It's a good idea to carry out this profile assessment again. With secured loans, it is necessary to check the property left as collateral, and this step slows down the process.