Consolidate loan or credit card debt2 into a single monthly payment.
Take advantage of our new, more competitive rates and eliminate high-interest debt.
Set the time that best suits you to pay off your loan.
Product offered by Banco Popular de Puerto Rico.
Subject to credit approval. If the purpose of the loan is to consolidate debt, Popular may require you to close the credit accounts that you are consolidating.
The Annual Percentage Rate (APR) varies by region: USVI: Rate starting from 5.99% APR for loans with a term of 12 months, after applicable discount, up to 29.99% APR. The APR will be based on your credit history and will vary based on the term you choose. BVI: Base rate from 10.70% APR ($2,000 - $4,999), 11.45% APR ($5,000-$14,999) and 11.95% APR ($15,000 +); minimum rate is 9.70% APR when you choose a loan term of 12 to 24 months. Base rate from 11.40% APR ($2,000 - $4,999), 11.95% APR ($5,000-$14,999) and 12.45% APR ($15,000 +); minimum rate is 10.40% APR when you choose a loan term up to 36 months. Base rate from 11.90% APR ($2,000 - $4,999), 12.45% APR ($5,000-$14,999) and 12.95% APR ($15,000 +); minimum rate is 10.90% APR when you choose a loan term of 37 to 84 months. Other discounts do not apply. Other terms and conditions 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.
Same-day credit decision for applications that contain all the necessary information 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.
Discounts: USVI: 0.50% when you take enroll in Direct Payment. Example: A loan of $5,000 with 5.99% APR for 12 months, after applying discounts to the base rate, would pay $430.31 per month. Certain restrictions apply. BVI: 0.25% if you enroll in Direct Payment, 0.50% if you have or open any of the following deposit accounts: Ideal or Popular Plus®, 0.25% if you have or apply for a credit card or reserve line. Example: a $2,000 loan at 9.70% APR for 24 months would pay $92.01 a month. Other discounts do not apply. Other terms and conditions apply.