BBVA Personal Loans Review

Offers competitively priced personal loans

We independently evaluate all recommended products and services. If you click on links we provide, we may receive compensation. Learn more.

BBVA Logo Primary 12.20
Investopedia’s Rating

BBVA was a regional bricks-and-mortar bank, located primarily in seven states across the Sun Belt (half its branches are in Texas alone). The US operations was sold to PNC Bank in 2020 and all accounts transitioned to PNC.

The company offers a full suite of banking products, including deposit accounts, credit cards, loans, mortgages, and investment accounts. This review will focus on BBVA’s unsecured personal loan product—and everything you need to know about it before applying.   

  • Pros & Cons
  • specifications
Pros & Cons
  • Competitive APR

  • Auto-pay discount

  • Ability to pre-qualify with a soft credit pull

  • Possible same-day funding

  • Need an invitation to apply online

  • Small maximum loan amount for online applicants

  • Need a BBVA account for auto-pay discount or same-day funding

APR Range
3.91% - 35.06%
Loan Amount
$1,000 - $35,000
Loan Terms
12 Months - 72 Months
Recommended Minimum Credit Score
Average Origination Fee
0.00% - 0.00%
Late Fee
10.00% - 10.00%
Why Trust Us
Lenders reviewed
Loan features considered
Data points analyzed
Primary data sources used
Investopedia collected key data points from several lenders to identify the most important factors to borrowers. We used this data to review each lender for fees, accessibility, repayment terms, and other features to provide unbiased, comprehensive reviews to ensure our readers make the right borrowing decision for their needs.
BBVA Logo Primary 12.20
overall rating
BBVA Update

As of May 2022, BBVA US has been acquired and absorbed by PNC Bank.

Pros Explained

  • Competitive APR: The bank offers some low interest rates; the minimum 4.99% is quite competitive. Of course, only the most creditworthy applicants qualify for the lowest rate. The highest rates offered are high at 28.99%. 
  • Auto-pay discount: If you opt for automatically debited payments, you may qualify for a full percentage point (1%) discount on your APR rate. 
  • Ability to pre-qualify with a soft credit pull: BBVA allows you to get a sense of what interest rate you might get before formally applying; this pre-qualifying doesn't affect your credit score.
  • Possible same-day funding: Your loan could be approved, and you could even get the funds, the day you apply.

Cons Explained

  • Need an invitation to apply online: You can only apply for a personal loan online with an invitation received via mail or email.
  • Small maximum loan amount for online applicants: You can't apply for more than $35,000 online. You may apply for up to $100,000 by phone or in-person, though. 
  • Need BBVA account for auto-pay APR discount or same-day funding: These advantageous features are only available to BBVA checking account-holders. There is a $25 minimum deposit and credit check to open a BBVA checking account.

Types of Personal Loans Offered by BBVA

BBVA offers just one type: the unsecured BBVA Express Personal Loan.

Time to Receive Funds

Same-day funding may be possible if you have an existing BBVA checking account. But the process may take longer if BBVA needs additional documentation with your application, according to a bank representative. The exact timeline depends on how quickly you're able to provide the missing requested details. If you don't have an existing BBVA checking account, you can pick up a cashier's check at a local BBVA branch—which is currently open by appointment only.

BBVA Personal Loan Features

In addition to the features mentioned above, BBVA's loans also have these characteristics.

  • No restrictions on use: funds can be used debt consolidation, large purchases, medical expenses, etc.
  • Various application options: online, by phone, or in-person at one of BBVA’s 649 branches; applying online offers a prequalifying soft pull opportunity.
  • Loan repayment options: online, via the BBVA Mobile Banking App, by auto-pay, by calling the Loan Servicing Line, or at a branch.
  • Customer service options: The bank offers customer support both online and by phone. BBVA encourages clients to call via its mobile banking app for faster service.

Apply for a BBVA Personal Loan

There are three ways to apply for a BBVA personal loan: online, by phone, or in-person at a BBVA branch. You need an invitation to apply for a loan online. The online application involves six steps:

  1. Click the “Respond to an invitation” button on BBVA’s personal loans page and enter your reservation code. You will specify whether you received the invitation by mail or email.
  2. Begin the application by entering personal details like your name, Social Security number, date of birth, and income. BBVA will perform a soft pull on your credit and show you a customized personal loan offer.
  3. After reviewing the customized offer, you may select your loan term. This will impact your monthly payment and how much interest you will pay over the life of the loan.
  4. You will see a preview of personal loan options based on your choices and eligibility. This will include an estimated loan amount, the term, interest rate, and monthly payment.   
  5. If you see an option you like, you may apply for a personal loan. This will include a hard pull on your credit, which will temporarily lower your score. You should receive a quick response but BBVA may request additional information, according to a representative. 
  6. Same-day funding is possible if you already have a BBVA checking account. You will receive the money in one lump sum.

Can I Refinance a Personal Loan with BBVA?

Yes, it may be possible to refinance your personal loan in the future, scoring a lower APR or better terms, according to a representative.

Final Verdict

The BBVA Express Personal Loan best suits would-be borrowers who already bank there, as they qualify for perks like the 1% auto-pay discount and the same-day funding. Any applicant can quickly become an account-holder by opening a checking account directly following the online application for a $25 fee, according to a BBVA representative. It's also a good choice for borrowers who live in a state where BBVA has a brick-and-mortar presence, since only by visiting a branch in-person or by phoning can you borrow a sizeable sum. Those applying online are only eligible for a $35,000 loan max—and they have to have an invitation to apply.

The bank doesn't mandate a minimum credit score and their wide range of APRs (4.99% to 28.99%) implies they’re open to financing applicants with different degrees of creditworthiness. Of course, standard operating procedure among lenders is that only those with the highest credit scores qualify for the lowest APRs; BBVA openly says as much on its site. If your score is less than sterling, you find better rates elsewhere—certainly lower than BBVA's maximum 28.99%.


Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of personal loan lenders. To rate providers, we collected over 25 data points across more than 50 lenders, including interest rates, fees, loan amounts, and repayment terms to ensure that our reviews help users make informed decisions for their borrowing needs.  

Our full personal loans methodology, including our data collection process and weighted data points, is available for review.