BBVA Personal Loans Review

Advertiser Disclosure

BBVA offers an array of personal and business banking solutions for individuals, commercial customers, and corporations. On the consumer side of the spectrum, their offerings include mortgages, home equity loans, auto loans, and personal loans.

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. BBVA also offers some of the lowest interest rates available anywhere if you link your account with a BBVA checking account, and there are no hidden fees or prepayment penalties.

BBVA Personal Loans Review: Key Takeaways

  • Get a fixed APR between 4.99% and 28.99% with auto-debit from a BBVA checking account.
  • Borrow up to $100,000, or up to $35,000 with an online reservation code.
  • Repay your loan over 12 to 72 months.
  • Get pre-qualified for a personal loan without a hard inquiry on your credit report.

Who BBVA Personal Loans are Best For:

  • BBVA customers who already have a checking account with the bank.
  • Anyone who lives in a state that is serviced by BBVA already.
  • Consumers who need to borrow up to $100,000 via a personal loan.

Check Your Personal Loan Rates

Answer a few questions to see which personal loans you pre-qualify for. The process is quick and easy, and it will not impact your credit score.

BBVA Personal Loans: Low-Cost Loans Perfect for BBVA Customers

If you’re in the market for a personal loan and already have a checking account with BBVA, it would be difficult to find a better offer than with your own bank. BBVA extends interest rates as low as 4.99% APR to their checking account customers who sign up for automatic payments. Of course, you’ll need good or excellent credit and a sufficient income to qualify for such a low rate. 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.

Another benefit of BBVA is the fact you can borrow up to $100,000 if you apply in a physical branch. That’s considerably more than most personal lenders offer consumers, and there are no collateral requirements for these loans. We also like the fact you can repay your BBVA personal loan for up to 72 months. This is longer than many competing lenders who only offer loan terms for up to 48 or 60 months.

BBVA doesn’t list a minimum credit score requirement for their loans, nor do they list a minimum income requirement. Fortunately, they do let you get pre-qualified for one of their loans without a hard inquiry on your credit report. This makes it possible to gauge your ability to receive the funds you need without moving forward with a full loan application.

Here’s an example of how a BBVA personal loan might look for qualified borrowers:

BBVA Personal Loans: What to Watch Out For

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. Even then, you can only borrow up to $35,000 through their online loan application process. If your borrowing needs are greater than that, you’ll need to apply for your personal loan in a physical bank branch.

Unfortunately, BBVA only offers branches in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. This makes BBVA an unlikely option for most people who live in the United states — unless they receive a reservation code in the mail.

Another downside of BBVA is the fact that they charge a surcharge on their personal loans. Similar to an origination fee, this surcharge is unavoidable and charged based on your loan amount. For loans up to $9,999, you’ll pay a surcharge of $60. For loan amounts of $10,000 or more, the surcharge jumps to $120.

How We Rate BBVA


At The Simple Dollar, we aim to provide a general overview of a lender’s products and services through a standard rating process. After a thorough research and discovery period, here’s how BBVA stacks up:

BBVA Personal Loans at a Glance
Overall Rating
🌕🌕🌕🌑🌑
Affordability (interest rates, fees, and terms) 🌕🌕🌕🌕🌑
Availability (credit requirements, geographic reach) 🌕🌕🌑🌑🌑
Ease of Use 🌕🌕🌕🌑🌑
Transparency 🌕🌕🌕🌑🌑

How to Apply for a Personal Loan from BBVA

You can apply for a personal loan from BBVA over the phone or in a physical branch at any time, but you’ll need a reservation code to apply for one of their loans online. Once you get access to a BBVA reservation code, you have the option to get pre-qualified for a loan without a hard inquiry on your credit report. To do so, you’ll need to provide:

  • Your Social Security number
  • Your birthdate
  • Desired loan amount
  • Income information
  • Employment details

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. 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.

If you decide to move forward, BBVA may require additional information to prove your income, employment, and other personal details. Once you’re approved for your loan, it’s possible to get your funds as soon as the same business day.

Advertiser Disclosure

BBVA Review: The Bottom Line

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. Also note that, even if you want to apply online, you can’t do so unless you get your hands on a reservation code.

Unless you’re a BBVA customer already or you live near one of their bank branches in a state they service, it’s unlikely this lender will be ideal for your needs. Either way, it’s smart to shop around for personal loans with at least three or four lenders. 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.

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