We answer the most frequent doubts about personal loans .
You can apply online, calling to TeleMarketing at 787.724.3659 or in any of our branches.
Same day credit decision applies to applications received on working days, from Monday to Friday from 8:00 AM to 5:00 PM. Same day disbursement subject to service hours of the channel you choose to complete the process: branches or disbursement through Mi Banco until 4:00 pm. and receiving all the information required to evaluate the application. Certain restrictions apply.
When consolidating Banco Popular debts they will get cancelled directly, debts from other institutions are received by check, and any excess will be deposited on an account or received by check.
Once the application is completed, you will receive an application number. To get up-to-date information, you can call your consultant or 787.724.3659.
The Annual Percentage Rate (APR) will be determined based on your credit history; and will depend on the term you choose to pay your loan.
Yes, for each payment that is delinquent, you will incur a charge.
Yes, you can make advance payments to your loan debt. You can also repay before the stipulated term. The latter will have a pre-payment penalty of 1% of the balance sheet at the date of payment.
We have the option of paying your loan through Mi Banco Online, however for your convenience at the time of disbursement you can choose the Direct Payment, which gives you the tranquility of making your payment on time to avoid delays. In addition, with Direct Payment you get a from 0.25% up to .50% when you enroll in Direct Payment, may vary by product. Certain restrictions apply.
You can consolidate most debts with a personal loan. This includes other personal loans, credit cards, lines of credit, and department store cards, among others.
The instruments that can be used to secure a personal loan are: Certificates of Deposits (CD’s), deposit accounts (savings account) and/or brokerage account (Popular Securities).
We offer the following disbursement options:
It is a process through which you can complete the loan disbursement, wherever you are, through Mi Banco (desktop version) on your mobile phone, tablet, or computer.
To qualify, you must meet the following parameters:
The loan money will be available on the same day of disbursement.
If your loan qualifies for disbursement through branch, one of our representatives will contact you and schedule the appointment. The terms and conditions of the loan will be reviewed during the call. Once you arrive at the branch of your choice at the scheduled time, you will only need to sign the documents and receive the disbursement of your loan.
If you are experiencing any financial difficulties that prevent you from meeting your obligations with Popular, please call the Consumer Credit Services Division (Puerto Rico) at 787.758.3273, Monday through Friday from 8:00 a.m. to 5:00 p.m. for guidance on these alternatives. Click here for more information.
Assistance is subject to the customer complying with the terms and conditions set forth in each program and showing proof of the temporary situation that has affected their financial capacity.
Subject to credit approval. Certain restrictions apply.
