Consortia

Discover the Santander automobile consortium

Find out here the main reasons to apply for a Santander car consortium and make your dream of driving a brand new car come true. Affordable, interest-free, no-entry installments and many other benefits in a single consortium. Learn more here!

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Santander Consortium: ideal for buying a car or motorcycle

Com o consórcio Santander, é possível adquirir um veículo. Fonte: Santander.
With the Santander consortium, it is possible to purchase a vehicle. Source: Santander.

The Santander automobile consortium has great advantages for those who are struggling to acquire their first car or even change their current one. Therefore, in addition to this consortium model, Santander has other plans to help and please all customer groups.

If you don't already know, the consortium is that modality of payments together. In summary, a certain amount of individuals or legal entities come together with the intention of buying a good or service through joint financing.

In addition, in the Santander consortium, participants do not need to be Santander account holders, they just need to pay each monthly installment until they reach the contemplation, through a drawing or bidding.

So, in this post we will explain everything you need to know about the Santander consortium, its characteristics and advantages over others in the market. Check it out below!

Minimum Incomenot informed
Interest rateExempt
Deadline to payUninformed
release periodUninformed
Consortium ValueUninformed
Do you accept negatives?Uninformed
BenefitsZero interest and great credit conditions
Consortium characteristics

How to apply for the Santander car consortium

Make your dream of owning a car or motorcycle come true with the Santander consortium. Learn more here!

How does the Santander consortium work?

The Santander car consortium looks a lot like financing, but here you don't pay a down payment or interest. Therefore, it is basically what many call a joint purchase, in which you start paying before receiving the product, whatever it may be.

In this sense, every month, for a period determined in the contract, consortium participants contribute a pre-established amount. Thus, each month a raffle takes place, in which a taxpayer wins and can use the letter of credit in any way they want. In addition, it is worth remembering that the purpose of using the letter must be in the segment established by the consortium.

However, some people who are not familiar with this form of payment may be confused about the term “letter of credit”. Well, the letter of credit is the way the consortium administrator pays the participants, so it is possible to buy anything within the consortium class.

The consortium comes to an end when everyone in the plan receives their credit correctly. In summary, this period is equivalent to the number of installments provided for in the contract.

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What is the limit of the Santander consortium?

Banco Santander offers a wide range of consortia which we will see below. In the case of the automobile consortium, the values vary according to the type of plan defined.

Santander Advantages

O consórcio de carro Santander oferece muitas vantagens como maiores chances de ser contemplado e zero juros. Fonte: Adobe Stock.
The Santander car consortium offers many advantages such as greater chances of being contemplated and zero interest. Source: Adobe Stock.

Below are the main advantages of the Santander consortium compared to other options on the market:

  • Santander does not charge interest: the Santander consortium interest rate is zero, so customers do not need to worry about undue charges;
  • Reduced initial installments: you can choose to pay only 30% of the installments until the moment of contemplation;
  • Contemplation by bid and draw: the consortium member who decides to advance payments with money he has saved will probably be contemplated in advance due to this bid.

Santander main features

Unlike other consortium options, Santander offers several plans for virtually all customer groups. Check it out:

  • Medium-sized vehicles: both cars and motorcycles fall into this group;
  • Large vehicles: in this modality, the members have access to credit to purchase trucks.
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For whom the consortium is indicated

Anyone and everyone who wants to join the program and wants to acquire a good that is in the above modalities can participate in the Santander consortium.

This is because the only restriction is the minimum age of 18 years and a maximum of 70 years of age. Also, only companies older than 1 year can participate. Finally, remember that it is not necessary to have a bank account to join the consortium.

How to make a Santander consortium?

Afinal, como fazer um consórcio Santander? Fonte: Adobe Stock.
After all, how to make a Santander consortium? Source: Adobe Stock.

Simply resort to the bank's communication channels on working days, from 8 am to 8 pm, excluding holidays. For individuals, follow the contact numbers:

  • 4004 3535 (capitals and metropolitan regions);
  • 0800 702 3535 (other locations);
  • 0800 723 5007 (people with hearing and speech impairments).

For companies, the numbers are:

  • 4004 2125 (capitals and metropolitan regions);
  • 0800 726 2125 (other locations);
  • 0800 723 5007 (people with hearing and speech impairments).

Your application is available for account holders in the Play Store and App Store, and you can also access the Santander website.

Did you like it? To learn more about how to apply for the Santander car consortium, just access our recommended content.

How to apply for the Santander car consortium

Make your dream of owning a car or motorcycle come true with the Santander consortium. Learn more here!

About the author  /  Marina Poncio

Graduated in Financial Management from UNOPAR. Acted as manager of large multinational companies. He is currently dedicated to editing, planning and producing content for the web specializing in economics and finance.

Reviewed by  /  Junior Aguiar

Senior Editor

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