MoneyGeek’s Take

BBVA Personal Loan Review

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Reviewed byMorgan Hull
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Reviewed byMorgan Hull
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Updated: December 28, 2023

Advertising & Editorial Disclosure

Borrowers who are looking to get a personal loan without any restrictions on fund usage should add BBVA’s personal loan to their shortlist of loan lenders. Customers with BBVA checking accounts get the added benefits of same-day funding and a 1% interest rate discount for automatic payments.

At a Glance: BBVA Personal Loans

  • BBVA

    • 4.99% to 29.99%APR Range
    • Not DisclosedMinimum Credit Score
    • $2,000 to $100,000Loan Amount Range
    • 12 to 72 monthsRepayment Terms
    • Same DayTime to Receive Funds

    BBVA Compass was the U.S. subsidiary of Banco Bilbao Vizcaya Argentaria before it was acquired by PNC Financial Services in 2021.

    BBVA offers personal loans as one of its many consumer lending products. Depending on their eligibility and creditworthiness, borrowers can choose from a wide range of borrowing limits – from $2,000 to $100,000 for those who apply in-person or by phone, and from $2,000 to $35,000 for those who prefer to apply online. BBVA customers who already have a checking account can get same-day funding plus a 1% interest rate discount for automatic payments. We also recommend BBVA’s highly accessible website and mobile apps which make financial transactions easier for people with disabilities.

    That said, BBVA’s personal loans are by invitation only, which means you need to have an offer code to qualify.


    • No collateral required
    • Wide range of borrowing limits, from $2,000 to $100,000
    • Loan applications available online and in-person at a BBVA branch
    • Discount of 1% for automatic payments
    • Online website and mobile apps are are accessible to people with physical or mental disabilities


    • Lower borrowing limits of $2,000 to $35,000 available for pre-qualified online applicants
    • An interest surcharge based on loan amount is withheld from loan proceeds
    • BBVA account required to receive same-day funding and autopay discount
    • Online invitation required
    • APR range: 4.99%–29.99%
    • Minimum/maximum loan amount: $2,000–$100,000 for in-branch and over-the-phone applications; $2,000–$35,000 for online applications
    • Minimum credit requirements: None
    • Repayment terms: 12–72 months
    • Time to receive funds: Same-day up to two days

MoneyGeek Breakdown - BBVA Personal Loan Details and Requirements


Ranges from 4.99%–29.99%, depending on your credit eligibility, loan amount, term length, and other factors.

Credit Score Requirements

No minimum credit score is required, but borrowers with at least a good credit score (700 or over) have better odds of getting approved and receiving lower APRs.

Income Requirements

There is no income requirement, but having proof of a steady and sufficient form of income will help your application.

Loan Amounts

Borrowers who apply in-branch or via phone can get loan amounts from $2,000–$100,000, while borrowers who apply online can only get from $2,000–$35,000.

Loan Terms

Repayment terms from 12 to 72 months are available.

Is BBVA Right for You?
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Each personal loan company is unique and has its own pros and cons. MoneyGeek’s BBVA personal loan review highlighted the perks and downsides of the lender based on borrower profiles, to help you decide if it’s the right option for you.

Who BBVA Is Perfect For

BBVA’s express personal loan product is an ideal choice for existing BBVA customers who need immediate funding. As a BBVA customer, you’ll most likely have already received an invitation code, which is the main requirement for a BBVA personal loan. Having a BBVA account also makes you eligible for same-day funding of your personal loan and a 1% autopay discount.

BBVA only performs a soft credit check for its pre-qualification process, which is a plus if you are concerned about the effect of your application on your credit score.

One feature unique to BBVA is the accessibility of its website and apps to people with disabilities. If you have a physical disability or a mild mental disability, this personal lender might be the perfect option for you.

Who Should Not Choose BBVA

If you need access to an amount larger than $35,000 but prefer to apply online rather than in person or over the phone, you’ll need to find an alternative lender.

There is also a $25 fee for opening a BBVA checking account, so if you prefer not to pay this cost, you should consider a different lender.

Finally, one of the requirements for a BBVA personal loan is an invitation code which is received through mail or email. If you are an existing BBVA customer or someone who lives near a BBVA branch but hasn't received an offer code, it is best to look for other lenders.

How to Apply for a BBVA Personal Loan

To make sure that you are adequately prepared to apply for a loan, MoneyGeek outlined a few simple steps to guide you through the process of applying for a BBVA personal loan.


Aside from providing the invitation code, you’ll also be asked for personal and financial details, including your name, address, date of birth, social security number, proof of identity and proof of income.

Fill Out Application Form

Verify that you included all required personal and financial details. Make sure that there is no missing or incorrect information in your application since this will decrease your odds of getting approved.

Wait for Approval

BBVA will review your application and perform a soft credit inquiry, which doesn’t impact your credit score. If approved, BBVA will give you a personal loan offer within minutes of your application. You can then choose from among the available personal loan options which are customized based on your eligibility. Select the option that best fits your preferred loan amount, interest rate, repayment terms and monthly payment. Once you’ve made your choice, BBVA will perform a hard pull on your credit score.

Review Loan Agreement

Read the terms of the personal loan agreement thoroughly so that you know exactly what charges and fees to expect.

Sign Loan Agreement

If you agree with the final terms of the personal loan agreement, you can sign the document.

Receive or Direct Funds

If you have a BBVA checking account, you can receive your loan funds in lump sum on the same day that you applied.

Make Payments

You can make your monthly installment payments through BBVA’s branches or mobile app.

What to Do if You Are Rejected From BBVA

There are a few things that you should do if your personal loan application with BBVA gets denied.

Keep in mind that you are not alone in experiencing this issue. Many personal loan applications get denied for various reasons that lead lenders to question a borrower’s creditworthiness. These include having a low credit score, insufficient income or not having enough credit history.

We strongly urge you to contact BBVA to check the exact reason for your loan application rejection before you apply for another loan, either with BBVA, or a different lender. If you need the funds immediately, it might be tempting to apply for a loan from another lender that has less stringent requirements. However, MoneyGeek advises against this unless you’ve made significant changes to your personal and financial circumstances.

This is because every time you apply for a loan, home insurance companies complete a credit check. Multiple credit checks will only lower your credit score further, thereby making it harder for you to secure any type of loan.

Frequently Asked Questions About Personal Loans

Here is a list of the most commonly asked questions about BBVA’s personal loans to help you decide if this lender is best suited to your needs and financial circumstances. Reviewing MoneyGeek’s quick answers regarding application requirements and conditions for loan approval can save you time and money.

What can I use a BBVA personal loan for?
What credit score do I need for a BBVA personal loan?
How long does BBVA take to approve a personal loan?
Does BBVA have a mobile app?
Is a BBVA personal loan secured or unsecured?
What is the maximum amount I can borrow from BBVA?
What are the origination fees for a BBVA personal loan?
Will applying for a BBVA personal loan affect my credit score?
What is the autopay discount for BBVA personal loans?
Does BBVA accept co-signers on personal loans?
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The content on this page is accurate as of the posting/last updated date; however, some of the rates mentioned may have changed. We recommend visiting the lender's website for the most up-to-date information available.

Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, lender or other entity. Learn more about our editorial policies and expert editorial team.