Santander Financing: find out everything you need

THE Santander [corporate name: Banco Santander (Brasil) SA] is the subsidiary of the Spanish bank Banco Santander in Brazil. Headquartered in São Paulo, its Brazilian operations began in 1982. It remains an integral part of the Santander Group, of Spanish origin, which is the largest financial conglomerate in the Eurozone.

It is the 3rd largest private bank in 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 (ADRs) 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 major deals: in January, it bought the Meridional Conglomerate, formed by Banco Meridional Banco Bozano, Simonsen, and made its largest acquisition at the time, by 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 global 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 this, 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 Bonsucesso Consigned for payroll loan operations.

Most recent events

• April 7, 2014 – Santander Brasil announced the purchase of Getnet, a company providing card machines and electronic transaction processing solutions, for R$1.104 billion, completed on July 31, 2014 after approval by Brazilian regulatory bodies. Electronic card machines, also known as “little red ones”, come with built-in 3G technology and are already being sold.
• end of 2017 – Santander has announced the launch of a suite of near-field communication (NFC) solutions, a technology that allows payments to be made simply by placing a cell phone near a mobile reader, for example. The institution's goal is to go beyond NFC-equipped smartphones and include wearable devices such as waterproof wristbands, stickers, and adhesives that customers can use to replace their cards.
• July 2019 – Santander announced the launch of a microcredit platform to compete with fintechs and startups in the financial sector. The service will provide debt renegotiation and auto insurance, among other services, primarily focusing on individuals and consumer finance.

Santander vehicle financing

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 within 10 years; motorcycle within 5 years.

Easy, practical and safe: Santander vehicle financing

Finance up to 90% of your new home*

Financing with a limit of up to 90% is available in installments over up to 420 months, or 35 years. The minimum interest rate is 7.99% per year, plus the Reference 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-shareholder
  from 7,59% +TR (only for new properties).
• Maximum financing limit
  up to 90% of the property value (both new and used).

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