"worstRating": 1, Long-term loans also tend to charge higher rates, further increasing their costs. Borrow up to $100,000, or up to $35,000 with an online reservation code. (4 out of 5) MyBankTracker Editor's Rating. 1,681 reviews from BBVA employees about BBVA culture, salaries, benefits, work-life balance, management, job security, and more. When you compare different personal lenders, you might find that different lenders have different specialties. The bank also offers higher-than-average terms on … That results in significant savings if you have a large loan balance. "name": "BBVA Personal Loans" The card also offers a 0% introductory … Personal loans between $2,000 and $9,999 add a $60 surcharge; Personal loans more than $10,000 add a $120 surcharge; The surcharges account for the processing fees for handling BBVA Compass personal loan applications, as well as the administrative fees for maintaining customer accounts. Your credit score has the largest impact on your chances of getting a personal loan. }. Personal Loans Home Loans Auto Loans. He has also contributed to publications and companies such as Investment Zen and Echo Fox. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. BBVA’s personal loans are great for people who have received an offer code from the bank. Credit Cards . Even though BBVA doesn't have as many physical locations as some of the largest banks in the country, it still has much to offer. Others offer benefits such as interest rate discounts for customers who also bank with them. On the consumer side of the spectrum, their offerings include mortgages, home equity loans, auto loans, and personal loans. BBVA has a series of accounts that are worth a look, and access to over 64,000 ATMs in the U.S. and beyond. Free Bill Pay - Bill Pay allows you to pay bills easily … Get pre-qualified for a personal loan without a hard inquiry on your credit report. The Simple Dollar does not include all companies or all available products. Their personal loan offering — the BBVA Express Personal Loan — is an extremely popular option on the market, partly because it’s possible to get your funds as soon as the same business day. This content is not provided or commissioned by the bank advertiser. I prefer taking BBVA Compass personal loan The bank also offers higher-than-average terms on CDs, but savings rates are low. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. "@type": "Corporation", We may mention or include reviews of their products, at times, but it does not affect our recommendations, which are completely based on the research and work of our editorial team. A complete list of your debts, including student loans, auto loans, personal loans and credit cards; BBVA reviews and complaints. There is one business checking account with no monthly service charge ( BBVA Business Connect Checking ), though it still carries BBVA’s ubiquitous $3 paper statement fee (and $5 for paper statements … Because of that fixed repayment plan, term loans are best used for financing major projects with predictable amounts, like purchasing equipment or renovating your facilities. Currently, BBVA is offering a $200 bonus if … Usually, these codes are sent to current customers or people who live near a BBVA … Current Scores as of 8/18/17 all FICO 8 … BBVA Loan Programs. BBVA Rewards Card is a rewards credit card issued by BBVA. Home equity loans It also offers home equity loans … BBVA does offer some unique features such as different options to get cashback rewards with its Visa debit card. | BBVA Personal Loans Review: Should You Apply? Power 2019 Personal Loan Satisfaction Study℠ to see how customers rated their experience with each lender. If you have a BBVA checking account, you can save money on your loan’s interest charges. Generally, BBVA customers praise its friendly in-person customer service and the speed and ease of its online platform. Michael Dinich. BBVA Compass Bank’s term loans may be secured or unsecured, and they’ll carry … BBVA has quite a few branches spread across seven states — Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas — … BBVA Express Personal Loans. "datePublished": "September 9, 2019", Some lenders are good at getting money to you very quickly. We are an independent, advertising-supported comparison service. BBVA launched in 1964 in Birmingham, AL. BBVA offers loans with terms ranging from 12 to 72 months, making it easy to customize the loan to your needs. BBVA Review. MyBankTracker and CardRatings may receive a commission from card issuers. Before you fill out your application, consider these tips for improving your chances of getting approved. 3.0. Editorial Disclosure: This content is not provided or commissioned by the bank advertiser. BBVA Rewards Card Review. BBVA reviews and complaints BBVA Compass is not an accredited business with the Better Business Bureau. Express personal loans These loans can be used for anything from major purchases to consolidating debt. BBVA Compass offers an array of personal and business banking solutions for individuals, commercial customers, and corporations. Consumers who need to borrow up to $100,000 via a personal loan. Expert review. Short-term loans require higher monthly payments but give less time for interest to accrue. Take the time to consider all of the options available to you. BBVA’s personal loans are great for people who have received an offer code from the bank. There are no collateral requirements. Paying down your debt also improves your credit score, so it is the best option to take. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. BBVA is a regional bricks-and-mortar bank, located primarily in seven states across the Sun Belt (half its branches are in Texas alone). Holly Johnson is a frugality expert and award-winning writer who is obsessed with personal finance and getting the most out of life. And if it's all correct, we'll deposit the money into your account. On the consumer side of the spectrum, their offerings include mortgages, home equity loans, auto loans, and personal loans. Josh from Scottsboro, Ala., wrote, “Awesome and super fast transaction! If you don’t qualify for their lowest rate, you’ll get a one-percentage-point rate discount for being a BBVA checking account customer. BBVA bank, formerly BBVA Compass bank, was founded in 1964 and is based in Alabama. For example, if your Express Personal Loan has a longer term than the debts you are consolidating, you may not realize savings over the entire term of your new Express Personal Loan. If you have what it takes to qualify, they’ll send you information on the amount of money you’re able to borrow, your interest rate, and other loan terms. This makes BBVA an unlikely option for most people who live in the United states — unless they receive a reservation code in the mail. At best, you’ll delay the loan process, making it take longer to get the money you need while you provide the lender with additional documentation. This site may be compensated through the bank advertiser Affiliate Program. You might not see the effect of making on-time payments on your debts for months or years. Its APRs may not be the most competitive, but BBVA USA may consider applicants with less-than-stellar credit. BBVA will perform a soft pull on your credit and show you a customized personal loan offer. BBVA is a hybrid physical, online and mobile bank. To do so, you’ll need to provide: Once you submit the above information, BBVA will look over your details and determine whether you’re a good candidate for one of their loan options. Citibank Personal Loans Review — Should You Apply? 0.50% discount if payments are automatically withdrawn from a BBVA Compass checking account. Power’s 2019 U.S. Retail Banking Satisfaction Study. The interest rate on the BBVA Online Savings account is low compared with what you … Take the time to make an “apples to apples” comparison that looks at interest rates, repayment terms, your monthly payment, and your total loan amount before you decide. Generally, BBVA customers praise its friendly in-person customer service and the … From the smallest moment, to the largest personal or professional life event, BBVA is there for you. Everything was completed online!”. Residents of … Borrow up to $100,000, or up to $35,000 with an online reservation code. A good credit score indicates that you’re likely to pay your bills on time. BBVA customer reviews are limited on the LendingTree platform, however borrowers’ comments are overwhelmingly positive about their experiences with the lender. "ratingValue": 3, On the consumer side of the spectrum, their offerings include mortgages, home equity loans, auto loans, and personal loans. It offers online checking and savings accounts plus a range of other banking services like CDs, credit cards, and loans. Try to strike a balance between a manageable monthly payment and low total cost for the loan. You’ll need excellent credit to secure the best rates. If your application is in order and the bank is able to make a quick decision, you could get your money the same day that you apply. 0.50% discount if payments are automatically withdrawn from a BBVA Compass checking account. Which length you choose depends on your preferences and your ability to make monthly payments. When looking at competing lenders, start by making sure each lender offers loans of the proper size and term. Your payment history has the greatest impact on your credit score. If you're wondering whether BBVA Rewards Card is the right card for you, read on. However, it’s also possible for the same product from the same brand to have multiple SimpleScores. Even then, you can only borrow up to $35,000 through their online loan application process. You don’t want to borrow more than you need and wind up spending more than necessary, and there’s no point in borrowing less than you need. In the short-term, the best thing to do is to avoid applying for new loans or credit cards in the months before applying for an important loan. Home Equity Line of Credit (HELOC). Benefits Include: Competitive personal loan rates; No collateral requirements; … There is only one explicit requirement to apply for a personal loan from BBVA. Their personal loan offering — the BBVA Express Personal Loan — is an extre… BBVA Compass Personal Loans: Key Takeaways. Get pre-qualified for a personal loan without a hard inquiry on your credit report. BBVA Personal Loans Review: Key Takeaways. If you decide to go the other route and increase your income, make sure the income is documentable. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. Refinance My Loan Get a New Loan … Potential borrowers in seven states can apply online and get a decision on their application in as quick as one day. Another good thing to know about BBVA is that there are no fees to worry about. In addition to The Simple Dollar, Holly writes for well-known publications such as U.S. News & World Report Travel, PolicyGenius, Travel Pulse, and Frugal Travel Guy. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.). Get a fixed APR between 4.99% and 28.99% with auto-debit from a BBVA checking account. The information you’ll be asked to provide will often include: It might seem like a daunting task to get all of that paperwork together, but it’s a very important part of the process. Formally known as ... and loan customers have the added benefit of using a BBVA personal loan for anything they want — debt consolidation, travel, weddings, you name it. Get the money you need, fast with a personal loan. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. Even a single missed or late payment can reduce your score by 50 points or more. The Bank offers credit cards, personal loans, auto loans, mortgages, home equity loans, and home equity lines of credit. BBVA Compass Personal Loans: Low-Cost Loans Perfect for BBVA Compass Customers. When you sign up for automatic payments from your checking account, your loan’s interest rate will be reduced by 1%. "reviewRating": { You can calculate your debt to income ratio by dividing your monthly income by the sum of your monthly minimum payments on your debts and your rent bill. You don’t want to slow down the process because you’re not able to provide the information you need. We are not contractually obligated in any way to offer positive or recommendatory reviews of their services. Our competitive low rates make borrowing affordable and easy. Learn about the fees and rates on the BBVA Express Personal Loans and compare them to other personal loan options from online lenders. Getting a personal loan from BBVA is not a bad idea -- given how accessible it is for those in the South and the West. Navy Federal Credit Union Mortgage Review, Mortgage forbearance eligible for refinancing, How to support black owned financial institutions, Earn free money with bank account bonuses, How do handle debt collection and pay less than you owe, Saving for your child's college education, Order of debt payment to raise credit score, Side businesses you can start on your own, Productive things to do when stuck at home, © 2021 TheSimpleDollar.com a Red Ventures Company. To get the best rate possible, you should aim to have a credit score of at least 750. Credit scores above 750 are considered to be excellent by most lenders and eligible for the best rates. The Simple Dollar is an independent, advertising-supported publisher and comparison service. }, But when we compare NetCredit according to the criteria for the best bad credit personal loans, it scores considerably higher, since the criteria for the latter review are more lenient (lenders who serve borrowers with bad credit will always offer higher rates, so we needed to adjust our category methodology to account for different industry standards). Here’s an example of how a BBVA personal loan might look for qualified borrowers: The biggest downside of BBVA is the fact that their personal loans can only be accessed online if you have a reservation code from the bank. BBVA delivers faster service delivery and more self-service tools for customers through its systems of ATMs, local branches and mobile/online banking features. There are two ways to improve this ratio: pay down your debts to reduce the minimum payments you have to make or increase your income. This is known as the loan’s term. You might want to use one to consolidate debt, pay for home improvement, cover wedding costs, or pay an unexpected bill, or nearly any other purpose. Always go for the lowest rate and fees possible. Also do your best to avoid taking on a lot of debt or maxing out your credit cards, since that can tank your credit score. BBVA isn’t the only lender that offers personal loans. Some banks will charge an origination fee when you receive your loan. BBVA is a regional bricks-and-mortar bank, located primarily in seven states across the … Find reviews and ratings for BBVA. Reviews from BBVA employees about working as a Loan Specialist at BBVA. Read Also: Upstart Personal Loans Review. TJ Porter has in-depth experience in reviewing financial products such as savings accounts, credit cards, and brokerages, writing how-tos, and answering financial questions. TD Bank Personal Loans Review: Should You Apply? Repay your loan over 12 to 72 months. BBVA primarily serves residents in 7 states: Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. You’ll have paid the loan off after four years have passed from the date you borrowed the money. Identity Monitoring Unclaimed Money Reviews … Once you’ve decided that you’re going to apply for a personal loan, you should do whatever you need to do to make sure your application is approved. With competitive low-interest rates and easy to budget monthly payments, taking out a BBVA personal loan appeals to individuals that need to increase liquidity, without having the financial burden imposed by paying off a long-term loan. BBVA Compass Personal Loans Review BBVA Compass personal loans are under a leading U.S. banking franchise company, which has operations around the Sunbelt Region and is ranked in the top 20 biggest U.S. commercial banks, which are have deposit market share basis. It offers online checking and savings accounts plus a range of other banking services like CDs, credit cards, and loans. If you have poor credit, the bank is likely to reject your application outright. Marcus by Goldman Sachs Personal Loans Review, Proof of identity, such as a driver’s license, Proof of income, such as bank statements or pay stubs. The BBVA Express personal loans offer the potential for great rates and quick funding times. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. If you want to apply online, you’ll need to have an offer code that you received in the mail or through an e-mail from BBVA. If you haven’t been targeted with an offer code by the bank, you’ll have to find an alternative. BBVA gets mediocre reviews on customer service, with ratings of “about average” in J.D. MyBankTracker has partnered with CardRatings for our coverage of credit card products. Depending on the size of your loan, it might be worth opening a checking account just for the interest rate discount. Be aware that a personal loan for a car may not have the best rates attached and it could be smarter to research auto-specific loans. Please find below car loans offered by BBVA. You have the right to withdraw from the loan contract without incurring a cancellation fee for a period of 14 calendar days from the date you sign. The Simple Dollar does not include all card/financial services companies or all card/financial services offers available in the marketplace. BBVA personal loans may be one of the lowest cost options available, but their geographic reach is severely limited and their best terms only go to BBVA checking account customers. Do your best to make on-time payments on all of your debts. That makes it easy to borrow enough money to cover even the largest expenses.   However, BBVA's mobile app earned the 2019 Javelin Mobile Banking Leader ranking for functionality, making it the sixth consecutive year BBVA got high marks. What features and perks does BBVA Online Checking offer? Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page. Your credit score is a numerical measure of your financial trustworthiness in the eyes of lenders. Unfortunately, BBVA only offers branches in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. One of BBVA’s specialties is quick funding of loans. Their personal loan offering — the BBVA Compass Express Personal Loan — is an extremely popular option on the … They also tend to have lower rates. 30 bank in the U.S. as of March 31, 2019, with $92.7 billion in assets. "@type": "Review", BBVA is a full-service bank providing both personal and commercial financial products. At worst your loan application will be denied, leaving you at square one. Home loans BBVA offers mortgage loans and home refinancing at fixed or adjustable-rate options. MAIN FEATURES: Personal Loan for financing a car Interest: from 5.95% NIR. It offers its customers industry-leading products as well as services such as signature express loan, credit score etc. Maintaining a good credit score is important because it makes borrowing money cheaper and gives you access to more loans. We awarded higher scores to lenders with the most channels for customer support. Except for CDs, all accounts require a $25 opening balance. While our articles may include or feature select companies, vendors, and products, our approach to compiling such is equitable and unbiased. What borrowers are saying about BBVA. Providing incomplete or unclear information to the lender can significantly reduce your chances of getting approved for a loan. In a Nutshell . We also like the fact you can repay your BBVA personal loan for up to 72 months. Tip: Minimize usage of your credit cards in the month before a loan application to reduce the balance reported to credit bureaus. Re: BBVA Personal Loan Forgot to mention I ha e 3 paid charge offs, paid last year dofd 2014 and was approved. Holly also owns Club Thrifty. "@type": "Rating", "bestRating": 5 Last updated: Nov. 22, 2020. That commitment manifests itself in the places where they live and do business through community reinvestment, charitable giving, employee volunteerism, sustainable practices, diversity and inclusion. Our competitive low rates make borrowing affordable and easy. BBVA Home Loans. The Simple Dollar has partnerships with issuers including, but not limited to, Capital One, Chase & Discover. The Simple Dollar is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. 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