Keep your savings safe.
Your money stays untouched and continues earning interest.
Your money stays untouched and continues earning interest.
Get started with your ID and collateral information.
Paying off other expenses? Fixing up your home? You decide how to use your loan.
Get a fixed rate on your loan.2
Talk to a banker.
Visit your nearest branch or call us at 1‑888‑317‑9062 to discuss your loan options.
Pick a loan and apply.
We'll work with you to find the loan option that best fits your needs and goals.
Get your funds.
Get easy access to your funds once your personal loan application is reviewed and approved.
A Cash Secured Loan can make life easier by combining your debt into one simple payment at a competitive rate.
Moving can get expensive. A Cash Secured Loan can help you cover these costs whether you're moving nearby or across the country.
Whether it’s a medical bill or a sudden repair, a Cash Secured Loan can provide quick funds to help you manage expenses.
Visit your nearest Popular Bank branch or contact us at 1-888-317-9062.
The maximum amount you can borrow for a Cash Secured Loan is the lesser of your savings or CD account balance or $100,000. There is a minimum of $1,000 required.
After visiting a branch to speak with your banker or contacting us at 1-888-317-9062, you'll provide information for your Cash Secured Loan application, such as your ID, collateral type (CD or savings), collateral owners, and loan amount. After submitting your application, you may be asked for more information to move forward, or you could receive approval the same day.
Our Cash Secured Loan uses the funds in your CD or savings account as collateral, as opposed to an Unsecured Loan which does not have any collateral attached.
A hold for the loan amount will be placed on the CD or savings account for the duration of the loan or until your Cash Secured Loan is paid off. You will not be able to access those funds for as long as the hold is on them.
No, there are no early payment penalties for paying off your Cash Secured Loan early.
This can vary on a loan-by-loan basis. However, the standard documentation required upfront for a Cash Secured Loan is your ID and collateral information.
Visit your nearest branch to start your Cash Secured Loan application today.
Get startedLoading articles
1All loans subject to terms and conditions, fees, and credit approval. Only 1 Personal Savings Account or CD can be used as collateral. Money Markets and Retirement Accounts (including IRAs) cannot be used as collateral. A hold for the loan amount will be placed on the Collateral account until the loan is paid off. Please see a banker for more information.
2Fixed Annual Percentage Rate (APR) is calculated based off of the collateral account interest rate at application +5.00%. If the length of your relationship with Popular Bank is less than 30 days, your Personal Savings Account or CD must be open for a minimum of 7 days before applying.
Only Personal Savings Accounts or CDs can be used to secure a Cash Secured Loan. Money Markets and IRAs are excluded. A hold for the loan amount will be placed on the Personal Savings Account or CD until the loan is paid off.
NYC Residents: Popular Bank provides language access services in Spanish. Please note that Popular Bank has customer service options to speak with an agent in Spanish. Popular Bank’s language access services are limited to verbal communications with an agent in Spanish. Popular Bank does NOT provide any other language access services in Spanish (or any other language) and, specifically, does not provide translations of any documents in Spanish (or any other language).
A translation and description of commonly-used debt collection terms is available in multiple languages on the NY Department of Consumer Affair’s website, www.nyc.gov/dca