Consolidate your debts in a single payment, make improvements to your home, cover unexpected expenses, or enjoy a well-deserved vacation.
You can apply online here, call 787.294.2572 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 787.294.2572.
A same-day credit decision applies to applications that contain all the information necessary for evaluation and are received on business days, Monday through Friday from 8:00 a.m. to 1:00 p.m. EST. Same-day disbursement is subject to branch hours and to the customer meeting all approval requirements. Other restrictions apply.
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.
Product offered by Banco Popular de Puerto Rico.
Subject to credit approval and to the parameters established by the Bank. Certain restrictions apply.
Same-day credit decision for applications that contain all the information necessary for evaluation and are received on business days, Monday to Friday from 8:00 a.m. to 1:00 p.m. EST. Same-day disbursement subject to branch hours and to the customer meeting all approval requirements. Other restrictions apply.
You have the option to start paying your loan up to 90 days after disbursement; however, this does not constitute a forgiveness of interest accrued during this period; said interests will be prorated for the term of the loan. If any applicant is a covered debtor as defined by the Military Lending Act, the availability of this option is subject to the provisions of that Act.
A discount from 0.25% up to .50% when you enroll in Direct Payment, may vary by products. Certain restrictions apply.
Direct loan disbursement to your Popular account requires registration in Mi Banco to process the deposit electronically and applies only to loans with a single debtor. If the purpose of the loan is to consolidate debts, the electronic disbursement will only allow the consolidation of debts with Banco Popular and the deposit of the surplus, if any, to a Popular account. Popular may require you to close the credit accounts you are consolidating. Other terms and conditions may apply.
Unsecured Loan: The Annual percentage rate (APR) for Unsecured Loans is from 5.99% 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 5.99% APR for 12 months, after applying the discount to the base rate, would pay $430.31 per month. Other terms and conditions may apply.
Secured Loan: Annual Percentage Rate (APR) from 5.50% APR; minimum rate is 5.25% APR after 0.25% discount when you enroll in for Direct Payment. Applies to loans from $2,000 to $25,000 with terms from 12 to 120 months, depending on the amount requested. Maximum amount of the loan will depend on the collateral offered as guarantee. Loans over $25,000 have a fixed APR and it is determined by adding 3.00% to the effective Annual Percentage Yield (APY) of the collateral, at the time of approval. Discount: 0.25% discount for enrolling in Direct Payment. A loan of $5,000 at 5.25% APR for 72 months, after applicable discount would pay $81.11 per month. Certain restrictions apply.
CrediSavings Loan: The base Annual Percentage Rate (APR) starts at 5.50%; APR minimum rate is 5.25% 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 5.25% APR for 72 months, after applicable discount, would pay $81.11. Certain restrictions apply.
Partially Secured Loans: The Annual percentage rate (APR) for the unsecured portion is from 6.49% to 29.99% APR, minimum rate will depend on the percentage of guarantee to be granted as collateral from 25% to 99% and will vary based on the term you choose. For the secured portion, the base rate is 5.50% fixed APR. Discount: 0.50% when you take advantage of Direct Payment. Other discounts do not apply. Example: a $5,000 60-month loan with an 10.24% APR based on the credit score, after discount and giving 75% in collateral, it will be reduced to 6.19% APR and would pay $97.11 monthly. Subject to credit approval. Certain restrictions apply.
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