What we offer

Auto Loans

A consumer auto loan is a financing operation consisting in the act of lending money to a customer in exchange for future repayment of the principal amount, along with the corresponding interest and fees, in periodic instalments, in order to finance the purchase of motor or towed vehicles used for the transportation of people or merchandise. Consumer auto loans are generally for a fixed amount, for a fixed time, with a prearranged repayment schedule.

Financial Lease

Financial Lease is a rental operation by means of which the company (the lessor) purchases an asset (e.g. car, etc.), previously selected by the customer (the lessee) who will have use of the asset during a fixed period of time in exchange for a price distributed along a series of rentals/instalments. Moreover, the contract can include a purchase option for the lessee to acquire ownership of the asset at the end of the lease term.

Operational Lease

Operational Lease (depending on the market also known e.g. as renting or contract hire) is a rental operation agreement arranged by the company (the lessor) over one or more items (e.g. cars), in exchange for a rent or usage fee paid by another customer (usually called the lessee). The lessor is the owner of the asset. The lessee does not own the leased asset, but pays a fixed monthly rental for the right to use or occupy the personal property or the real property for a fixed period of time.

The contract includes mileage linked to a timeline restrictions and can also include services (e.g.: maintenance, tyres, fuel card, insurance, etc.). In case Operational Lease includes services, it is also called Full Service Lease. The final set of services vary depending on the markets and the specific product arrangements.

Credit Lines Auto (Stock Finance)

Credit Lines for dealers to finance the purchase of vehicles stock. A credit line is a revolving loan from the company to the dealer that establishes a maximum loan balance (or limit) that the company will permit the dealer to maintain over a pre-specified period of time. These loans are usually a dealer advance for the purchase of more inventory.

In a credit line, interest is generally charged on the part of the credit line that is used, and the dealer can draw on the credit line at any time that he needs to.

In auto business, the credit line is usually secured with the title of the vehicle that is being financed (depending on the country the pledge is known as the ‘‘retention of title’’), submitted by the dealer to the company. However, other collateral assets can be considered (e.g. credits with a Real Estate collateral that are intended to finance the stock of auto vehicles of a dealer).

Durable Loans

Durables include personal loans (or lines of credit) granted to individuals to finance the purchase of goods or services, either revolving or instalment, with a loan, revolving line or plastic. The money to purchase the goods or services is available for the customer through the retailer that sells such goods or services. The retailer is responsible for verifying the destiny and purpose of the goods or services to be financed. In some cases these operations are collateralized.

Personal Loans

Personal Loans are loans (or lines of credit) granted directly to individuals without passing through a commercial dealer/retailer, without a specific financing purpose and without the obligation of establishing a collateral. In some cases, in order to extend the credit limit, the customer can be requested a collateral, which does not have to be necessarily related to the destination of the funds (i.e. bank guarantee, home equity, etc.).

Credit Cards

A universal payment method (or money withdrawing) issued in a plastic (but not necessarily given the availability of virtual cards) granted by the Bank giving the holder an option to borrow funds up to a pre-set credit limit. Also includes pre-paid cards and store cards programs.

There are basically three types of cards:

Generic credit card. Credit card with universal acceptance issued by the company with its logo on it.
Co-branded credit card. Credit card with universal acceptance issued by the company sponsored jointly with a partner (i.e. retailer, airline, etc.). Card bears the logo of the partner.
Store card. Card without universal acceptance and with restricted use in a particular store or chain.

Current Accounts

Customer accounts with balances of immediate availability that can be moved by checks, over the counter or by transfer. This may or may not include the possibility of excesses.

The customer may or may not receive a rate of interest for maintaining balances. Within the current accounts, the vouchers at sight issued by the company with the funds of a customer and pending collection by the receivers must be considered.

Savings Accounts

Balances immediately available, instrumented or otherwise in books and not able to be moved by cheques. The customer may or may not receive a rate of interest for maintaining a balance.

Time/Term Deposits

Deposits that are held for a set period, becoming accessible to the client on a pre-established date. These accounts are typically short-term and are linked to a pre-defined rate of return.

Sight Deposits

Deposits that remain accessible to the customer without term or restrictions, and are typically linked to a pre-defined rate of return.

For more information on what financial solutions are available for you, please visit the Santander Consumer website in your country

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