Santander Portugal review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Santander Portugal lends directly to residents of Portugal, offering a fixed rate personal loan plus a mortgage from the same bank. It suits borrowers funding home improvement who want the money quickly, with 13.2% on the personal loan and same day funding once approval lands.

Key facts

Best for
A Portugal personal loan for home improvement with quick funding and free early repayment.
APR
13.2% (Source, checked September 26, 2026)
Loan amount
€1,500 to €75,000 (Source, checked September 26, 2026)
Term
24 to 84 months (Source, checked September 26, 2026)
Funding time
Money in your account within minutes after approval (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Borrower age limit 72 at the end of the loan term; customers resident in Portugal, including foreign nationals living in Portugal (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
Banco Santander Totta, S.A. (Source, checked September 26, 2026)
Headquarters
Portugal (Source, checked September 26, 2026)
Founded
2007 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
santander.pt

Mortgages

Initial rate
2.8% (Source, checked September 26, 2026)
APRC
4% (Source, checked September 26, 2026)
Fixed period
2 years (Source, checked September 26, 2026)
Maximum loan to value
100% (Source, checked September 26, 2026)
Product fee
€280 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, First-time-buyer (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Banco Santander Totta, S.A. (Source, checked September 26, 2026)
Headquarters
Portugal (Source, checked September 26, 2026)
Founded
2007 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInXfacebook.com

Pros and cons

Pros

  • Free early repayment on the personal loan, so clearing the balance early costs nothing.
  • The mortgage allows a maximum loan to value of 100%.
  • Terms run 24 to 84, and home improvement is a listed use for the money.

Cons

  • The fixed rate locks the monthly cost, so later rate cuts will not lower payments.
  • The mortgage comes with a product fee of €280 and a fixed period of 2, so you reprice sooner.
  • The range is personal loans, with no debt consolidation or car finance listed.
Santander Portugal

Ready to try Santander Portugal?

Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Residents of Portugal, including foreign nationals living in the country, who want a personal loan for home improvement.
  • Borrowers who want a fixed monthly cost and can settle early without a charge.
  • Homebuyers and movers taking a mortgage alongside a personal loan from the same bank.

Who should look elsewhere

  • Borrowers chasing the lowest personal loan rate: Cashspace quotes an APR of PHP 12 to PHP 36.
  • Applicants outside Portugal, since Monzo Flex quotes 10% to 23% and this bank lends to residents of Portugal.
  • Cashspace ES, quoted at 0%, has no borrowing cost to weigh against the 13.2% here.

Who runs it

Santander Portugal trades as Banco Santander Totta, S.A., a bank based in Portugal that was founded in 2007. It is authorised by Banco de Portugal, the country's bank regulator, and the licence reads 18. Borrower support runs on phone, email and help centre, so questions go straight to the bank.

How Santander Portugal compares

Where Santander Portugal is available

Available
Portugal
Licence in Portugal
Banco de Portugal (18), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does the personal loan charge?+

The personal loan charges 13.2% and the rate type is fixed, so the monthly cost does not move with the market. Borrowing runs €1,500 to €75,000 over terms of 24 to 84, and home improvement is a listed use for the money.

What does the mortgage cost?+

The home loan starts at an initial rate of 2.8% with an APRC of 4%, and that rate is held for 2. A product fee of €280 applies on top, and the maximum loan to value is 100%.

Can I repay the personal loan early?+

Free early repayment is offered, so settling the balance before the term ends carries no charge. Payments stay level because the rate is fixed. Terms run 24 to 84, and a longer term spreads the same amount over more months.

How quickly does the money arrive?+

Approval is followed by Money in your account within minutes after approval, so a decision made early can reach the account the same day. Same day funding is one of the listed features, and the lender kind is direct lender, so the money comes from the bank rather than a broker.

Is the bank regulated and who do I talk to?+

The lender holds a 18 licence from Banco de Portugal, the Portuguese bank regulator. The bank operates as a direct lender, direct lender, and support runs on phone, email and help centre for questions before or after an application.

Who can apply?+

Applicants must be adults resident in Portugal, and foreign nationals living in the country can apply. The personal loan covers home improvement, while the mortgage lists purchase, remortgage and first time buyer, so purchases and remortgages are both covered.

What kinds of loan are on offer?+

The range is personal loans, and there is no debt consolidation or car finance in the set. The product is a fixed rate loan from a direct lender, with home improvement as the listed use for the personal loan money.

How does the rate compare with other lenders?+

The personal loan APR is 13.2%, and the median across personal loans on the site is 12.25%. Cashspace quotes PHP 12 to PHP 36 and Monzo Flex quotes 10% to 23%, so the rate here falls in the middle of that comparison.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee, Credit check, Representative example.

Santander Portugal

Santander Portugal

A Portugal personal loan for home improvement with quick funding and free early repayment.

9.1/10See alternatives

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