The loan features potential same-day closing and funding upon final approval, alongside a host of other consumer-friendly features, including competitive low rates, making it one of the bank’s premiere consumer loan products. According to BBVA Compass Executive Director of Consumer Lending Shayan Khwaja, Express Personal Loans is just one way BBVA Compass is helping customers create opportunities for their brighter future.
“This loan is a perfect option for customers who are looking to stay in full control of their financial future,” said Khwaja. “The potential quick decision and funding, combined with low interest rates, mean that customers can use Express Personal Loans to efficiently consolidate debt or fund bigger purchases like home or auto repairs, or other situations where cash is needed.”
This loan is a perfect option for customers who are looking to stay in full control of their financial future
In addition to low rates and fast funding, Express Personal Loans do not require collateral. For eligible applicants, only a signature is needed. And, if the customer has a BBVA Compass consumer checking account through which auto-debit loan payments are set up, they are eligible to receive a one percent interest rate discount.
“There are many online consumer loan platforms on the market today,” Khwaja said. “One differentiator between those and ours is that because the loan is coming through a bank, we are able to offer some incentives they typically can’t.”
When applied for in-branch, Express Personal Loans vary between $2,000 and $150,000; when pre-qualified customers apply digitally, loans vary between $2,000 to $35,000. Rates are set based on credit eligibility, loan amount, term length, and other factors. An Interest Surcharge, based on loan amount, is payable at closing and will be withheld from loan proceeds. All loans subject to eligibility, underwriting, and approval, including credit approval.
To apply or to find out more details about Express Personal Loans, click here.