Popular debuts digital platform for personal loan offers
Banco Popular has launched a fully digital application on popular.com that lets customers view unsecured personal loan offers without affecting their credit score.
Applicants who accept the terms receive an automatic decision based on the bank’s credit standards, and funds can be deposited into an active Popular account the same business day.
Popular said it is the first financial institution in Puerto Rico and the U.S. Virgin Islands to offer the service. The platform is available to customers with an active deposit account, and applications are limited to single applicants.
“We are committed to driving digital transformation forward by providing tools that help our customers make educated financial decisions in a secure and easy way,” said Nicole Colón-Conde, senior vice president of Banco Popular’s deposit products and personal loans division.
“We continue to improve the convenience and transparency of personal loan applications by developing this innovative digital process,” she said. “This new launch reinforces our focus on providing unique solutions so that customers can achieve their financial goals.”
The bank said the platform will soon expand to include credit card applications.
