Product offered by Banco Popular de Puerto Rico.
Subject to credit approval and to the parameters established by the Bank. Certain restrictions apply.
Unsecured Loan: The Annual percentage rate (APR) for Unsecured Loans is from 6.49% APR for 12 months, after applicable discount, up to 29.99% APR. APR will be determined based on your credit history and will vary based on the term you choose. Terms available from 12 to 84 months, will depend on the amount of the loan. New loans start from $2,000 to $75,000. Discount: 0.50% when you take advantage of Direct Payment. Other discounts do not apply. Example: A loan of $5,000 with 6.49% APR for 12 months, after applying the discount to the base rate, would pay $431.46 per month. Other terms and conditions may apply.
Secured Loan: Annual Percentage Rate (APR) is 6.49% APR; minimum rate is 6.24% APR after 0.25% discount when you enroll in for Direct Payment. Terms available from 12 up to 120 months, depending on the amount requested. Maximum amount of the loan will depend on the collateral offered as guarantee. When loan is paid off, the collateral plus interest earned will be released. Example: A loan of $5,000 at 6.24% APR for 72 months, after applicable discount would pay $83.43 per month. Other terms and conditions apply.
CrediSavings Loan: The base Annual Percentage Rate (APR) is 6.49%; APR minimum rate is 6.24% APR after 0.25% discount when you enroll in for Direct Payment. Loans start at $2,000 up to $10,000 with terms from 12 to 72 months, depending on the amount requested. CrediSavings is a personal loan product with a savings guarantee. The loan guarantee is a Certificate of Deposit (CD) to be opened when the loan is approved, and the approved amount will be deposited in it. This Certificate of Deposit becomes the collateral for the loan. After making the corresponding monthly payments and at the end of the established term, the money is disbursed, including the accrued interest on the collateral. Example: a $5,000 loan at 6.24% APR for 72 months, after applicable discount, would pay $83.43. Other terms and conditions apply.
Calculate your monthly payment: Unsecured Loans: Illustrated monthly payment is an estimated calculation using an APR with Direct Payment discount, depending on the term you choose. Terms available from 12 to 84 months, depending on the amount of the loan. With Collateral and CrediSaving Loans: Illustrated monthly payment is and estimated calculation considering the Direct Payment discount to the fixed APR.
Puerto Rico
