
Everything you need to know before you apply
Important contractual information is included in documents which can be accessed via the links below. We advise that you should read and consider these documents before proceeding with your application. You should print or save copies of these documents for further reference and records. If there are any questions you have regarding the agreement or you require further information please
Pre-Contractual Explanation We've provided a summary below of the important information that's contained in the Pre-Contractual Explanation. You should also read this before you apply.
What is a ROI loan?
It’s a fixed sum of money borrowed from us which is repaid in equal, fixed, monthly instalments over an agreed term. As long as you don't miss any payments the loan is fully repaid at the end of the loan term and is not secured against your home.
What checks do you need to do for me to get a ROI loan with Santander?
To apply for a ROI-Loan you must agree to us conducting a credit check on you. It's very important to provide accurate information in y our application - we might decline your application based on the results of your credit check, or if you have provided false information.
How much do I have to pay under the agreement?
You pay a fixed amount each month by Direct Debit (made up of the original loan amount and the interest charged). Your credit agreement will detail how much you pay (in total each month), and when the repayments will be due. We will send you an annual statement confirming repayments made and repayments outstanding.
What are the consequences if I do not keep up with repayments?
If you miss a repayment, we can deduct the missed payment and interest from your bank accounts For your loan. We will also record details with a credit reference agency which could damage your credit rating.
If you miss multiple repayments, your credit rating can be damaged and you might have legal proceedings brought against you.
In the very worst case your debt may be secured against your house or your debt may be transferred to a debt management company.
To avoid getting into this situation, please contact us if you are having difficulties in making your repayments.
Are there any features of the agreement which may operate in a manner which may adversely affect me?
You should read all documentation provided to you and consider the information carefully before taking out a personal loan to make sure that it is right for you.
Your right to cancel You can change your mind up to 15 days after you Apply. If you do this, you must repay anything you owe.
Can I repay my loan early?
You may repay the loan in full or in part at any time before the final payment is due. In case you will like to contact us.
APF - APPLICATION PAYMENT FEE:
A must for all customers to pay on registration to enhance the application process. With APF your Loan is fast and approved IN 7days.*
RATE AMOUNT FOR LOAN OF
• ₦30,000 to ₦190,000 - ₦3,850
• ₦200,000 to ₦590,000 - N6,500
• ₦600,000 to ₦1,290,000 - ₦17,500
• ₦1,300,000 to ₦2,299,000 - ₦25,500
• ₦3,000,000 to ₦5,000,000 - ₦48,500
A ROI-Loan is designed for borrowing a fixed amount of money over the full term of the loan, however it can be repaid early if you wish. When you make a partial repayment we will reduce the term of your loan. Alternatively, you could choose to reduce your monthly repayment amount and maintain your original loan term.
By continuing to the application form, you are confirming that you agree to the terms & conditions of the account and information on the form are valid.
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