Santander Home Equity Loans Review

Rating: 7.5 / 10 (Very good)
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How is Santander rated?
Consumer Experience

Santander Bank is a subsidiary of Banco Santander with 650 branches worldwide. The company provides banking services and financial solutions that include investments, borrowing, insurance, home equity and other lines of credit for individuals and businesses.

Services and Features

Santander Bank offers home equity loans that can be paid up to 10 years. It has a fixed rate lock that lets you set up monthly payments and coverts a part of the outstanding balance and access the available funds with their online banking.

Borrowers can use their home equity line of credit for renovations, finance education, and payment for expenses. Santander Bank provides a sample of payment computation that varies per state, draw amount, and interest rates.  

Santander Bank provides a free home appraisal on home equity line of credit. The company will review and decide the kind of assessment based on the required line amount. Santander Bank provides home equity calculator to determine and estimate the home’s value and equity.

Santander Banks has a draw period of 10 years. It is the period of time that you can use to access the home equity funds. When draw period expires, clients can have an additional 20 years to repay the remaining balance.

Services and Features

Home Equity Mortgage Calculator



Online Quotation

Online Application 

Financial Guide

HELOC Draw Period

10 Years

Types of Home Equity Loans

Fixed Rate Loans

Home Equity Lines of Credits (HELOC)



At least 18 years old

Credit Score  (Minimum)

Not Stated

Primary Home Owner


Member of US Department of Housing and Urban Development


Member of FDIC

Insured by FHA

Approved by Equal Housing Lender

Plan Details

Origination Fee

Not Stated

Closing Cost


Maintenance Cost

Not Stated

Application Fee


Variable Rate APR


Fixed Rate APR     

Not Stated

Help and Support

Mobile App

Telephone Support

Live Chat



Home Equity Loan at Santander Bank

Santander Bank offers a good mix of home equity loans which comes with a flexible terms and services that can help borrowers find the best solution for their home equity needs.  

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Latest Reviews

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Michelle Z
Middleboro, Massachusetts
We decided to go with Santander for a HELOC for 3 reasons, my fiance was a long time customer, they were offering good rates and they advertised no in-home appraisal necessary as long there were available comps in the neighborhood and they could do a driveby. This last reason was very important to us as my fiance, a CBP officer was working a lot of overtime and I was going into Boston every 2 weeks for medical treatments so we needed this process to be as stress free as possible. We went to the local branch (people here were great) gave them all the info requested and were assured that, since there were at least 5 houses within 1-1 1/2 miles of our home that were sold in the last few... Read More