Santander Financing: Know everything you need

O Santander [corporate name: Banco Santander (Brasil) SA] is the subsidiary of the Spanish bank Banco Santander in Brazil. Headquartered in São Paulo, the Brazilian operation began in 1982. It remains an integral part of Grupo Santander, of Spanish origin, which is the main financial conglomerate in the Euro Zone.

It's the 3rd biggest private bank of the Brazilian financial system. With assets totaling R$ 605.3 billion and 34 million customers (2016). Santander Brasil has common shares, preferred shares and units listed on the BM&F BOVESPA Stock Exchange, in addition to trading American Depositary Receipts (ADR's) on the New York Stock Exchange (code BSBR).

Timeline

• 1997 – Santander announced the purchase of Banco Geral do Comércio SA.
• 1998 – acquired Banco Noroeste SA.
• 2000 – closed two big deals: in January, it bought the Meridional Conglomerate, formed by Banco Meridional Banco Bozano, Simonsen, and made its biggest acquisition at the time, winning the privatization auction of Banco do Estado de São Paulo SA (Banespa), with an offer of more than R$ 7.05 billion.
• 2007 – the bank participated in the largest operation in the world financial sector: the purchase, for 71 billion euros, of the Dutch bank ABN AMRO by the consortium formed by Santander and the banks Fortis and RBS. With that, Santander took over the banks Antonvenetta, from Italy (sold months later) and Banco Real. Santander and Banco Bonsucesso signed an agreement to create the institution Goodsucesso Consigned for payroll loan operations.

most recent events

• April 7, 2014 – Santander Brasil announced the purchase of Getnet, a supplier of card machines and electronic transaction processing solutions, for R$ 1.104 billion, concluded on July 31, 2014 after approval by Brazilian regulatory bodies. Electronic card machines, also known as “red ones”, come with 3G technology built in and are already being commercialized.
• end of 2017 - Santander foresaw the launch of a set of solutions in Proximity Field Communication (CCP), or near-field communication (NFC), a technology that allows payments to be made by simply bringing the cell phone close to a mobile reader, for example. The institution's aim is to go beyond NFC-equipped smartphones and include wearable devices such as waterproof wristbands, stickers and stickers that customers can use to replace cards.
• July 2019 - Santander announced the launch of a microcredit platform to compete with fintechs and startups in the financial segment. The service will carry out debt renegotiation and insurance for automobiles, among other services, mainly focusing on individuals and consumer financing.

Santander financing for vehicles

FREQUENTLY ASKED QUESTIONS

• Which vehicles are eligible for Santander financing?
  car and motorcycle.
• What is the interest rate?
  the interest rate is 1.51 %;
• How long can I finance?
  car in up to 10 years; motorcycle in up to 5 years.

Easy, practical and safe: Santander vehicle financing

Fund up to 90% from your new home*

Financing with a limit of up to 90% can be paid in up to 420 months, or 35 years. The minimum interest rate is 7.99% per year, plus the Referential Rate (TR).

• Housing Financial System (SFH)
  from 7,99% per year + TR.
• Real Estate Financing System (SFI) - letter of credit
  from 7,99% per year + TR.
• Pro-shareholder FGTS
  from 7,59% +TR (only for new properties).
• Maximum funding limit
  up to 90% of the property value (both new and used).

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