Santander, a consumer bank in Sweden, is offering a wide range of banking services including private loans and car loans to credit cards and saving accounts. It is a part of the global group Banco Santander which has over 144 million customers in 45 countries. The bank has half a million customers in Sweden alone due to its wide range of banking services available to private individuals.

Santander is offering its customers private loan of up to SEK 10,000 to SEK 350,000 without collateral with a repayment period between 2 – 12 years. One can apply for the loan with BanID with a competitive interest rate between 3.95-12.95% without any hidden fees. It does not charge additional fees in the form of setup fees and notification fees. For availing a loan from Santander, you must be 20 years old with an annual income of SEK 150,000.

As Santander is offering the interest rate from 3.95% to 12.95%, you can get 4-5% interest rate on fixed income. Santander is also offering a private loan on the individual interest rate. The individuals can collect many credit reports from UC if they compare the interest rate of different lenders.

Santander is the best way to finance your car if you are going to buy a new car from a private person. It is also providing the private loan, also called blank loan without collateral. There is an advantage of buying the car with a private loan, as you can borrow the entire car value, which means, you do not need any cash contribution.