Find out instantly if you could be approved—without affecting your credit score²
Get from $2,000 to $50,000¹
Option for 0 payments during the first 90 days³
Money deposited to your Popular account the same day⁴
If you wish to apply for more than $50,000, add a co-applicant, consolidate debts, or renew your existing loan: call 787.294.2572 or visit your branch¹.
Consolidate your debts in a single payment, make improvements to your home, cover unexpected expenses, or enjoy a well-deserved vacation.
The calculator is for illustrative purposes only and is not part of the application process. The results of the calculation are estimates and may vary at the time of evaluating your application under the Bank's parameters.
We have the option to pay loans through Mi Banco (from Mi Banco Mobile app and from the desktop version of Mi Banco through our popular.com website). In addition, for your convenience, we have Direct Payment, a service that gives you the peace of mind of making your payments on time, not missing due dates. Furthermore, if you enroll in Direct Payment during the application process, you could get a discount on the APR.
This means you can explore different loan scenarios without these inquiries affecting your credit score. The offers presented on the platform will be valid for a period of 10 days. Once you accept an offer and submit the application, you authorize Banco Popular to make an inquiry into your credit report. This inquiry will appear in your credit report and may impact on your credit score. This platform will be available only to residents of the U.S. Virgin Islands.
Applications completed at branches or through TeleMarketing are subject to a credit report inquiry.
You can apply online here, call 1.888.724.3653, or visit any of our branches.
Once you complete the application, you will receive an application number. For updated information, contact your consultant or call 1.888.724.3653.
For applications completed through the online platform, you will receive email updates regarding the progress of your loan.
Same-day credit decision for applications received on business days, Monday through Friday from 8:00 a.m. to 5:00 p.m. Same-day disbursement is subject to the service hours of the channel selected to complete the process: branches or disbursement through Mi Banco until 4:00 p.m., and to the customer meeting all approval requirements.
For applications submitted through the online platform (only for USVI):
Same-day disbursement applies to applications with completed verification and final approval on or before 2:00 p.m. Funds are electronically deposited into your account the same day, during business days. For applications approved after 2:00 p.m., disbursement will be processed on the next business day. Business days are Monday through Friday, excluding federal holidays. Certain restrictions apply.
Products and services offered by Banco Popular de Puerto Rico. Member FDIC.
Subject to applying through our digital platform, credit approval, and meeting the parameters established by Banco Popular. If you prefer to apply for an amount over $50,000, apply with a co-applicant, receive your funds by check, or renew your current loan, call 1.888.724.3653 (toll-free). The approval process may take longer if additional documents are requested as part of the verification process. The Bank may deny your application if you do not meet the required parameters and conditions. The Annual Percentage Rate (APR) is determined based on your credit history and depends on the term you select. If the purpose of the loan is debt consolidation, the balance of those debts remains the customer’s responsibility. Certain conditions and restrictions apply.
The offers presented on the online platform will have a validity period of 10 days. By selecting an offer, you authorize Banco Popular to make an inquiry into your credit report. This inquiry will be reflected in your credit report and may have an impact on your credit score.
This does not constitute a waiver of interest accrued during this period; such interest will be prorated over the term of the loan. If any applicant is a covered borrower as defined by the Military Lending Act, the availability of this option is subject to the provisions of that law.
Requires being the primary account holder on an active account with Popular to process the deposit electronically and applies only to unsecured loans with a single borrower. Same-day disbursement for applications with completed verification and final approval on or before 2:00 p.m.; funds are electronically deposited into your account the same day, on business days. For applications approved after 2:00 p.m., the disbursement will be processed the next business day. Business days are Monday through Friday, except federal holidays. Certain restrictions apply.
Unsecured Loan: The Annual percentage rate (APR) starts from 6.49% APR up to 29.49% APR after applicable discount. The APR will be determined based on your credit history and varies depending on the term you choose. The Annual percentage rate of 6.49% APR after applicable discount applies only to the 12 months term. 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 accept Direct Payment. Other discounts do not apply. Example: A $5,000 loan for 12 months with 6.49% APR, after applicable discount of .50% when you accept Direct Payment, would pay 12 monthly payments of $431.46. A $15,000 loan for 72 months at 16.24% APR, after applicable discount of .50% when you accept Direct Payment, would pay 72 monthly payments of $327.36. Other terms and conditions available.
With Collateral Loan: The 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 for 72 months at 6.24% APR, after applicable discount of .25% when you accept Direct Payment would pay 72 monthly payments of $83.43. Other terms and conditions available.
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 loan of $5,000 for 72 months at 6.24% APR, after applicable discount of .25% when you accept Direct Payment would pay 72 monthly payments of $83.43. Other terms and conditions available.
With Partial Collateral Loan: The Annual percentage rate (APR) for the unsecured portion is from 6.99% to 29.99% APR, for the secured portion, the base rate is 6.49% fixed APR. The minimum rate will depend on your credit history and the percentage of guarantee to be granted as collateral from 25% to 99% 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 $5,000 for 60 months loan with an 10.74% APR based on the credit score, after discount of .50% when you accept Direct Payment and giving 75% in collateral, it will be reduced to 7.62% APR and would pay 72 monthly payments of $100.48. Subject to credit approval. 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.
