Benefits

Personal loans without collateral from

5.99% APR 

for up to 24 months¹

  • Loans from $1,500 to $50,000

  • Repayment terms from 12 to 84 months6

  • Same-day credit decision and disbursement2

  • Payment Protection Plan⁴

  • $0 origination fees

  • Discounts available after opening a checking account and/or Direct Payment5

Personal loan to make your plans a reality.

Curly hair girl sitting while smile.
  • Debt consolidation

Couple hugging each other while man hold woman's belly.
  • Cover medical expenses

Plumber girl working.
  • Make home repairs

Woman wearing glasses using a calculator in front of laptop.
  • Pay taxes

Just married couple.
  • Special occasion

CALCULATOR

Find your estimated monthly payment with our payment calculator.

Estimate your monthly payment
Estimate your monthly payment
Estimated monthly payment
$

1Interest rate from 5.99% to 28.49%. The rate of 5.99% only applies with a term of up to 24months and includes a 0.50% discount for opening a checking account and accepting Direct Payment. The calculator is for illustrative purposes only and is not part of the application process. Application is subject to credit approval. Does not apply to collateral loans.

How much would the payment be?

Example of monthly payments for personal loans at a maximum APR of 8.99% $5,000 for 60 months
Monthly payment
$103.77
Finance charge
$1,226.05
Total to be paid at loan maturity
$6,226.05+
Examples of monthly payments for personal loans at the maximum APR of 28.49% $10,000 for 84 months
Monthly payment
$275.85
Finance charge
$13,171.40
Total to be paid at loan maturity
$23,171.40+
+ Certain restrictions apply, other interest rate, terms and conditions may apply when calculating total payment amount.

Benefits

Fixed interest

6.95% APR

fixed rate for terms of 12 to 72 months

Required collateral

Use as collateral up to 90% of the amount available in your savings account or Certificate of Deposit up to $300,0003

 

 

  • Personal loans from $1,500 to $300,000

  • Same-day credit decision and disbursement2

  • Payment Protection Plan⁴

  • $0 origination fees

Personal loan to make your plans a reality.

Curly hair girl sitting while smile.
  • Debt consolidation

Couple hugging each other while man hold woman's belly.
  • Cover medical expenses

Plumber girl working.
  • Make home repairs

Woman wearing glasses using a calculator in front of laptop.
  • Pay taxes

Just married couple.
  • Special occasion

CALCULATOR

Find your estimated monthly payment with our payment calculator.

Estimate your monthly payment
Estimate your monthly payment
Estimated monthly payment
$

1Interest rate from 5.25% to 28.24%. Rate of 5.25% only applies with a term of up to 24 months and includes a 0.50% discount for opening a checking account and accepting Direct Payment. The calculator is for illustrative purposes only and is not part of the application process. Application subject to credit approval. Does not apply to collateral loans.

Payment Protection Plan⁴

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Life

Hand leaning on a cane

Disability

Two hands protecting a wooden family

Involuntary Unemployment

HOW TO APPLY

Have the following information available before applying.

  • Social Security 

  • Income information

  • One (1) valid ID 

  • Driver's license

  • Passport

  • Military ID

  • Government ID

  • U.S. permanent resident card

If you completed an application, you can check the status here.

  • Social Security

  • One (1) valid ID

  • Driver's license

  • Passport

  • Military ID

  • Goverment ID

  • U.S. permanent resident card

Once you have the information, click here.

FREQUENTLY ASKED QUESTIONS

Wages and/or Salaried

·       The last two (2) pay stubs dated no more than 30 days
·       One (1) primary photo ID
·       A water, electricity, or telephone bill

 

Self-employed and/or professional services

·       Last tax return or financial statement certified by a CPA
·       Last three (3) bank statements
·       One (1) primary photo ID
·       A water, electricity, or telephone bill

 

Retired and/or Pensioned

·       Pension Certificate
·       One (1) primary photo ID
·       A water, electricity, or telephone bill

 

For any other additional information regarding evidence of income, you should contact the branch directly or call 787.282.2800.

Yes, all you need to do is register with Digital Banking, and make a payment, or schedule auto pay. You can also check your account balances.

Get pre-qualified by completing the application online. 

 

  • Select the loan type: with collateral or without collateral
  • Purpose of the loan: debt consolidation, home improvements, medical expenses, funeral expenses, educational expenses, taxes, vacation
  • Amount of loan:  from $1,500 up to $50,000
  • Term of the loan: 12, 24, 60, 72 months
  • Personal information
  • Other

 

One of our employees will contact you or email you.

Collateral is used as a guarantee for a personal loan. You can use a Certificate of Deposit or a savings account from FirstBank as collateral.

To request a new password, go to the login screen, click Forgot Your Password? and complete the steps. 

Yes. Completing an online application is safe and fast.

Yes. You need to register to apply for a credit card, personal loan, or reserve line. The registration process is easy; you only need your email and password. 

To request a new password, go to the login screen, click Forgot Your Password? and complete the steps. 

To complete an application, you need your personal information, Social Security Number, a valid ID, and income information.

 

Your income can be from your job, alimony, retirement, pension, commission, rental income, self-employment or professional services. You must have evidence of your income available.  

The documents may vary depending on your type of income and the information the loan officer requires. If you need additional information, contact our representatives on 787-282-2800 or toll-free at 1-800-981-8000.

Once you access your profile, you'll see all your completed applications, those pending completion and their status. 

No. When you create your profile, your basic information will be saved for future applications.

Your application information will be available online for 90 days. 

You may receive a response the same day if your application is received during business hours before 1:00 pm.

Your credit is verified at the time you submit your application.

It takes approximately 10 minutes to complete a credit card application.

Your card will be delivered via regular mail to the address included on your application within 7-10 days after receiving approval. 

It takes approximately 10 minutes to complete a personal loan application. 

You can calculate your estimated monthly loan payment using our payment calculator, click here

You'll receive a letter at the address indicated on your application. If, in the future, the reasons change, we would be happy to consider your application again.

It takes approximately 10 minutes to complete a reserve line application.  

The APR is determined with the information included in your application and the credit score calculated by the credit reporting agency.

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Certain restrictions apply. Subject to credit approval. The interest rate and APR are determined based on credit score and other terms established by FirstBank. Loans of up to $50,000. Valid until June 30, 2024. Offer only for residents of Puerto Rico. 1The 5.99% APR applies to customers with a +780 credit score, a maximum term of  24 months and includes 0.50% APR discount after applying for the loan if you open a new checking account with FirstBank and enroll in the direct payment service. Loan approval is not conditional to opening a checking account. This offer does not apply to collateral loans.  2Same day decision applies to applications that have the complete information to be evaluated and that are received Monday to Friday from 8:30am to 4:00pm and Saturday from 8:30am to 12:00pm; same-day disbursement is subject to branch hours and the customer complying with the documents required by FirstBank. 3A maximum of up to 90% of the funds available in the savings account or certificate of deposit is granted; while the loan is active, the funds in the savings account or certificate of deposit will not be available for withdrawal. The term of the loan shall not exceed the term of the certificate until the loan has been repaid in full. 4Insurance products are not bank deposits, are not insured by the FDIC nor any federal government agency, are not guaranteed by First Bank, and may diminish in value. Acquiring this insurance is optional and not a condition for credit approval. Credit approval will not be conditioned to the purchase of an insurance or annuity from the Institution or one of its affiliates nor to your agreement to refrain, or our prohibition, from obtaining insurance products or annuities from non-affiliated institutions. We will not reject your selected insurance if it meets our requirements and standards regarding coverage, financial soundness, and insurer-provided services. For more information, call 787-282-1108. 5You can receive a discount of .50% APR of the approved interest by opening a new checking account with FirstBank and enrolling in the direct payment service with that account. If the applicant has an existing checking account and uses the direct payment service with it, they will receive a .25% APR discount on the approved interest. The loan approval is not conditioned to opening a checking account. 6Loan term will depend on the loan amount.

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