Personal LoansLender Reviews

BBVA Personal Loan Review

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners.

BBVA Bank personal loans have competitive loan terms. You’ll need a “reservation code” to apply online, or you can apply at a branch or by phone. Plus, if you are a BBVA checking customer, you could be eligible for a discount. With the possibility of same-day funding and reasonable rates, plus the extra discount, this lender may be a good choice for your next personal loan. Read on for the details.

Personal loan highlights

  • Online applications by invitation only: You’ll need a “reservation code” to apply for a personal loan online. If you don’t have a reservation code, you’ll have to apply at a branch or call the company.
  • Competitive interest rates: The personal loan interest rates start as low as 4.99% APR. That’s more than 10 points lower than the average credit card interest rate (17.14%) reported by the Federal Reserve Bank of St. Louis.
  • Fast funding: Borrowers with a BBVA checking account could qualify for same day funding when your loan is approved.
  • Discount for BBVA checking customers: BBVA offers a 1% discount for BBVA checking account holders. That means someone who is offered a 7.99% APR could get a 6.99% APR by moving their checking account to BBVA.

BBVA at a glance

  • APR range: 4.99% to 28.99%
  • Minimum credit score: Not specified
  • Terms: 12 to 72 months
  • Origination fee: Not specified.
By clicking “See Offers”, you may or may not be matched with any lender mentioned in this article. Based on your creditworthiness, you may be matched with up to five different lenders in our partner network.
Terms Fees and penalties 
  • Terms: 12 to 72 months
  • APR: 4.99% to 28.99%, including a 1% rate discount for BBVA checking account customers who set up autopay
  • Loan amounts: $2,000 to $100,000 online ($35,000 maximum if you apply online)
  • Time to funding: As soon as same day for BBVA checking customers
  • Credit check: Soft Pull
  • Origination fee: Not specified
  • Prepayment fee: Not specified
  • Late payment fee: Not specified
  • Other fees: BBVA may charge an interest surcharge

Eligibility requirements

  • Minimum credit score: Not specified.
  • Minimum credit history: Not specified.
  • Maximum debt-to-income ratio: Not specified.

Eligibility requirements for a personal loan are sparse on the lender website. Although BBVA doesn’t specify a minimum credit score requirements, it is clear that the lowest APRs and/or highest loan amounts are reserved for the “most creditworthy applicants.” Further, if you need to borrow more than $35,000, you’ll need to apply at a branch or by phone.

If you have received an unsecured BBVA loan or been declined for one within the past six months, you won’t be eligible to apply. You also won’t qualify if you currently have two or more unsecured term loans with the lender.

What borrowers are saying about BBVA

BBVA customer reviews are limited on the LendingTree platform, however borrowers’ comments are overwhelmingly positive about their experiences with the lender. Josh from Scottsboro, Ala., wrote, “Awesome and super fast transaction! Everything was completed online!”

BBVA’s streamlined application, approval, and funding process is something that it advertises heavily on it’s personal loan page. But personal loan borrowers also need to consider factors outside of the speed of funding when borrowing. Be sure to compare BBVA’s interest rates and fees to competitor rates before borrowing. Many lenders allow you to see the terms you may qualify for with a soft pull.

Applying for a personal loan from BBVA

Applying for a personal loan from BBVA is a straightforward process. If you want to apply online, you’ll need a reservation code. This is a code that BBVA may have sent to you if you’re on its mailing or email distribution list.

After you enter your reservation code, the lender will prompt you to enter your personal information such as your name, address and Social Security number. It will use this information to conduct a soft pull of your credit. You’ll get a full preview of personalized terms, including how much you may be able to borrow, an estimated monthly payment and more.

If you like what you see, you may officially apply, which will trigger a hard credit inquiry. You may also have to submit documentation to verify your income.  Once you’re approved, and you sign the loan papers, BBVA sends funds to your checking account.

If you do not have an invitation code, you can start the loan application process at a branch or by phone.

Pros Cons
  • Soft pull to see rates: BBVA makes it easy to compare its terms to other lenders. You can get an idea of the terms you may qualify for without triggering a hard inquiry into your credit.
  • Fast funding: BBVA checking customers can see their personal loan funds deposited into their account as soon as the same day they are approved.
  • Need a reservation code to apply online: Without a reservation code, you have to start a loan application over the phone or at a branch.
  • Limited loan information online: Information on fees and surcharges isn’t readily available online. You’ll have to apply to see the exact fees that may apply to you.
  • Discount for BBVA checking account customers only: To qualify for the 1% interest rate discount you have to be a BBVA checking customer with your loan payment set up on autopay from the BBVA account.

Who’s the best fit for a BBVA personal loan?

BBVA’s personal loan is best for people who already have a checking account at BBVA. That’s because you’d qualify for a 1% discount on your loan interest rate if you set up autopay from your BBVA checking account. You also need a BBVA checking account to qualify for same-day funding.

If you have excellent credit but do not have a BBVA checking account, you may qualify for better rates elsewhere. However, BBVA’s Express Personal Loan remains a competitive option considering its flexible loan terms and low borrowing limit.

Alternative personal loan options


  • APR: 3.99% to 19.99%*
  • Minimum credit score: Not specified
  • Terms: 24 to 144 months
  • Origination fee: No origination fee

LightStream specializes in personal loans for borrowers with good or excellent credit. The company advertises one of the industry’s lowest rates on personal loans. Since both BBVA and Lightstream allow customers to check rates with a soft pull, you can compare loans from both companies to see which offers your best terms.

*Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Excellent credit is required to qualify for lowest rates. Rate is quoted with AutoPay discount. AutoPay discount is only available prior to loan funding. Rates without AutoPay are 0.50% points higher. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. Payment example: Monthly payments for a $10,000 loan at 3.99% APR with a term of 3 years would result in 36 monthly payments of $295.20.

Rocket Loans

  • APR: 7.16% to 29.99%
  • Minimum credit score:
  • Terms: 36 or 60 months
  • Origination fee: 1.00% - 6.00%

If speed of funding is critical for you, Rocket Loans is a company to consider. The lender offers an easy online application and same day funding. While its rates are higher than BBVA’s, the range is close enough that borrowers with average or good credit may see a better rate at Rocket Loans.

Marcus by Goldman Sachs®

  • APR: 6.99% to 19.99%
  • Minimum credit score: Not specified
  • Terms: 36 to 72 months
  • Origination fee: No origination fee

Marcus by Goldman Sachs® is a premier lender for people with average or good credit. It doesn’t charge an upfront origination fee, so you’ll only pay interest on money you actually borrow. Borrowers with excellent credit may get a better rate at BBVA since BBVA offers rates as low as 6.99% APR. But both BBVA and Marcus by Goldman Sachs offer a similar range of rates.

Your loan terms are not guaranteed and are subject to our verification of your identity and credit information. To obtain a loan, you must submit additional documentation including an application that may affect your credit score. The availability of a loan offer and the terms of your actual offer will vary due to a number of factors, including your loan purpose and our evaluation of your creditworthiness. Rates will vary based on many factors, such as your creditworthiness (for example, credit score and credit history) and the length of your loan (for example, rates for 36 month loans are generally lower than rates for 72 month loans Your maximum loan amount may vary depending on your loan purpose, income and creditworthiness. Your verifiable income must support your ability to repay your loan. Marcus by Goldman Sachs is a brand of Goldman Sachs Bank USA and all loans are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Applications are subject to additional terms and conditions.


Get personal loan offers from up to 5 lenders in minutes