Partially Secured Personal Loan

Lower your annual percentage rate (APR) as you increase your contribution.

Apply now! ¹

Get a lower APR by putting a portion of your savings in a certificate of deposit (CD) as collateral.

Reduce APR

The higher the contribution to the CD, the lower the APR could be.

Earn interest

The CD will earn interest and, when paying off the loan, the collateral is released as well as the interest generated.

Benefits:

  • New loans from $2,000 to $75,0002
  • The possibility of contributing from 25% to 99% of the amount requested as collateral2
  • A lower APR, the more you contribute as collateral2
  • Loan term from 12 to 84 months, depending on the amount requested and the contribution as collateral2
  • Discount of 0.25% when you enroll in Direct Payment3
  • 0 payments for the first 90 days4
  • Same-day reply and money, if you qualify5
  • Direct disbursement to your Popular account on loans with a single debtor registered in Mi Banco6
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How to start the
personal loan application process?

Online

Start now

Telephone

787.294.2572

Visit a branch

Find the nearest one

To apply you must:

  • Be a resident of Puerto Rico
  • Must be 21 years or more. If you are under 21, you must submit an emancipation or marriage certificate
  • Provide your Social Security number
  • Provide your income information

Educational section

Product offered by Banco Popular de Puerto Rico.

1

 Subject to credit approval and compliance with the parameters offered by Banco Popular. Other terms and conditions apply.

2

 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.

3

 Descuento de 0.50% al acogerte a Pago Directo. Ciertas restricciones aplican.

4

 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.

5

 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.

6

 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.