Santander financing: know everything you need

O Santander [company 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 the Santander Group, of Spanish origin, which is the main financial conglomerate in the Euro Zone.

It is the 3rd largest private bank of the financial system of Brazil. With assets totaling R$ 605.3 billion and 34 million customers (2016). Santander Brasil has common and preferred shares and units listed on the BM&FBOVESPA Stock Exchange, in addition to trading American Depositary Receipts (ADRs) on the New York Stock Exchange (ticker 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, when it won 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 for the creation of the institution Consigned success 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, completed on July 31, 2014 after approval by Brazilian regulatory bodies. The electronic card machines, also known as the “red ones”, come with built-in 3G technology and are already being sold.
• end of 2017 – Santander planned to launch a set of solutions in Near Field Communication (CCP), or near-field communication (NFC), a technology that allows you to make payments just by bringing your cell phone close to a mobile reader, for example. The institution's goal is to go beyond smartphones equipped with NFC 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 sector. The service will carry out debt renegotiation and auto insurance concession, among other services, mainly focusing on individuals and consumer finance.

Santander financing for vehicles

FREQUENTLY ASKED QUESTIONS

• Which vehicles are covered by 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 secure: Santander financing for vehicles

Finance up to 90% for your new home*

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

• Housing Finance System (SFH)
  from 7,99% per year + TR.
• Real Estate Financing System (SFI) – letter of credit
  from 7,99% per year + TR.
• FGTS pro-quota holder
  from 7,59% +TR (only for new properties).
• Maximum financing limit
  up to 90% of property value (both new and used).

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