Product offered by Banco Popular de Puerto Rico.
legal1 Subject to credit approval and compliance with the parameters offered by Banco Popular. Other terms and conditions apply.
legal2 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.
legal3 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.
legal4 Calculate your monthly payment: Illustrated monthly payment is and estimated calculation considering the Direct Payment discount to the fixed APR.
