With Collateral  Personal Loan

Get a fixed APR while earning interest on your collateral.

Apply now! ¹ Call 1.888.724.3653

Use it for all your needs starting at 6.24% APR when you enroll in Direct Payment2

Reduce APR

Use your savings account or a certificate of deposit as guarantee (collateral) and get a fixed APR at the term you choose.

 

Earn interest

When you finish paying the loan, the collateral is released, in addition to the interest generated.

Benefits:

  • APR starting at 6.24% when you enroll in Direct Payment2
  • Earn interest on the loan collateral2
  • Apply from $2,000 up to the maximum contributed as guarantee2
  • Terms range from 12 to 120 months, depending on the amount requested2
  • Discount of 0.25% when you enroll in Direct Payment2
  • 0 payments for the first 90 days3
  • Decision and reply on the same day4
Apply now! ¹

How to start the
personal loan application process?

Telephone

1.888.724.3653

Online

Start now

Visit a branch

Find the nearest one

To apply you must:

  • Be a resident of St. Thomas or St. Croix (U.S. Virgin Islands) or Tortola (British Virgin Islands)
  • Be age 18 or older. If you are under 18, you must submit an emancipation or marriage certificate
  • Provide your email address
  • Provide your Social Security number

Apply by phone:

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

 The base rate varies by region: USVI: Annual Percentage Rate (APR) is of 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 USVI: a $5,000 loan at 6.24% APR for 72 months, after applicable discount, would pay $83.43 a per month. Certain restrictions apply. BVI: Base rate of 7.75% APR; minimum rate is 7.50% APR. The 7.50% APR offer applies to loan applications up to $25,000. For loans more than $25,000 the base rate will be 4% plus the APY of the instrument provided as collateral. Example BVI: a $5,000 loan at 7.50% APR for 84 months, after applicable discount, would pay $76.69 a month. Certain restrictions apply.

3

 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.

4

 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.