The money  you need, when you need it.


With a loan or line of credit from Santander Bank, you can be prepared for life's expenses, whenever they happen. Whether you're looking to consolidate higher interest rate debt, renovate your kitchen, or cover an unexpected repair, Santander Bank offers plenty of borrowing options that could fit the bill.

Santander Lines of Credit
Santander Loans
Help Me Decide

Choose Between Different Types of Loans and Lines of Credit

Sure, you have several options for borrowing money, but which one's right for you? Make a smart financial decision by learning the difference between a line of credit and a loan, and determine which one best meets your goals and preferences.

What's the Difference Between a Line of Credit and a Loan?

Both lines of credit and loans make it possible for you to get the funds you need – whether it’s for major projects or purchases, life events or to consolidate debt.

Dream big with a personal line of credit from Santander Bank.

Add “apply for a loan online” to your to-do list.

Types of Loans or Lines of Credit

What is the difference between a secured and an unsecured loan or line of credit? Here's a straightforward explanation of your options for borrowing money.

Secured Loans from Santander Bank.

unsecured loan icon

Questions to Ask

Now that you understand the basic differences between lines of credit and loans, here are a few questions to ask yourself:

  • How much do I need to borrow? Do I need a fixed amount or the flexibility to use up to a certain amount, as needed?
  • Do I have collateral that I can secure to a loan or line of credit? Do I want to use that collateral to borrow?
  • Am I more comfortable with a predictable monthly payment or a payment that varies based upon how I borrow?
  • What type of loan or line of credit best meets my needs?

* All loans subject to approval

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