Lines of Credit

Lines of credit provide you the money you need, to use it when and how you see fit.



Reserve Line of Credit

The Reserve Line of Credit helps you cover unexpected expenses and overdrafts from your deposit or transaction accounts. This line of credit is available for clients who have one of the following deposit accounts:1


  • Helps you cover un expected expenses and overdrafts charges in your account.
  • A monthly minimum payment will be calculated and withdrawn automatically from the account tied to the reserve line.
  • Make additional electronic payments to the line by using TelePago Popular® or  Online Banking

To apply, call now TelePréstamo Popular® at 787-724-3653 or 1-888-724-3653.





Redi-EquitySM2 is a home equity line of credit secured with the equity of your residential property. 

  • Redi-EquitySM allows you to have cash available when and where you need it --for making home improvements, paying for the education of your children or any other need.
  • Variable APR – Prime Rate plus a margin.3


  • You may be able to deduct interests and charges on your tax return.4
  • Same day credit decision.5
  • $0 origination and discount costs.6
  • Earn up to 5,000 points in the PREMIA® program.7

To apply, call now TelePréstamo Popular® at 787-724-3653 or 1-888-724-3653.


Subject to credit approval. The Annual Percentage Rate (APR) for using the line is 16.95%.


Subject to credit approval. The credit limit will depend on the LTV and other criteria established by the Bank. Line of credit is available from $10,000 to $250,000. It only applies to individuals and residential properties.


The annual percentage rate (APR) is variable and may change. The APR will be determined by adding the value of the United States Prime Rate (“Prime Rate”) as published in The Wall Street Journal plus a margin, with a minimum APR of 6.95% up to a maximum of 18.99%. Your APR is based on the Prime Rate at the time of closing, currently the APR is 6.95%. Additional information: there is no grace period. Annual fee: $50 the first year, $100 each subsequent year. Late payment charge: $25. Returned payment check fee: $10. Charge for each check drawn against the line of credit that is returned for lack of funds: $15. Stop payment fee: $15. $2.00 fee for each cash advance transaction at a branch or ATM. $2.00 fee, for each check drawn for an amount lower than $250.00.


You should consult a tax advisor regarding the deductibility of interests and charges.


Same day credit decision, for applications received Monday through Friday from 8:00 a.m. to 1:00 p.m. through TelePréstamo Popular®.


Other charges may apply. The estimated value of payments to third parties for opening a line of credit of $10,000 will be approximately $759.00. You must also maintain homeowner’s insurance.


Subject to conditions of the PREMIA® program. Not available in Virgin Islands.