What states does BBVA Compass service?
BBVA Compass is licensed to service the following states:
- Alabama
- Arizona
- California
- Colorado
- Florida
- New Mexico
- Texas
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BBVA Compass Express Personal Loans review
Last updated:
This bank offers loans of up to $100,000 with quick turnaround after you're approved.
- Best for borrowers looking for a large loan amount fast.
- Pick something else if you don't live in one of the seven states it services.
$100,000
Max. Loan Amount
4.99% to 28.99%
APR
Details
| Product Name | BBVA Compass Express Personal Loan |
|---|---|
| Min. Loan Amount | $2,000 |
| Max. Loan Amount | $100,000 |
| APR | 4.99% to 28.99% |
| Interest Rate Type | Fixed |
| Minimum Loan Term | 1 year |
| Maximum Loan Term | 6 years |
| Turnaround Time | Up to 1 business days |
Expert review
Review by
Aliyyah Camp
aliyyah.camp@finder.comAliyyah Camp is a publisher helping folks compare personal, student, car and business loans. Prior to joining Finder, she ran her own personal finance blog and wrote for numerous finance sites. Aliyyah earned a BA in communication from the University of Pennsylvania. She likes to go to the movies and go for runs outdoors.
Expert review
BBVA Compass Express Personal Loan is ideal if you’re looking to borrow a large amount and already have a relationship with the bank. If offers a 1% rate discount for signing up for autopay from an eligible BBVA Compass checking account. And you could get your funds the same day you’re approved — fast for a bank.
But you’ll need to live in one of the seven states it services to apply. And you can only apply for amounts under $35,000 online — you’ll have to call or visit a branch in person for any loans larger than that. And it’s not up front about credit or income requirements — though banks tend to have stricter eligibility criteria than online lenders.
Not sold on BBVA Compass? Compare your other options below.
First, am I eligible?
To be approved for an Express Personal Loan with BBVA Compass, you must meet the following requirements:
- US citizen or permanent resident.
- At least 18 years old.
- Resident of one of the seven states where BBVA Compass offers loans.
- Good credit or collateral for secured loans.
Pros
- Large loans up to $100,000
- 1% rate discount for autopay from eligible account
- Same-day funding available
- Loan terms up to six years
Cons
- Limited state availability
- APRs up to 28.99%
- Surcharge of $60 t0 $120
- Funds limited with online application
Compare other personal loan providers
Updated December 14th, 2019
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How do I apply?
You can apply for a BBVA Compass Express Personal Loan online, over the phone or at a branch. But to apply online, you’ll need a reservation code — and you’ll only have access to loans up to $35,000.
To get started with your online application, follow these steps:
- Visit the BBVA Compass website and navigate to the Personal Loans page.
- Click Respond to an invitation.
- Enter your reservation code and select how you received it — as a letter or an email.
BBVA Compass will then direct you to fill out its application online.
What information do I need to apply?
In addition to some basic information about yourself, you’ll need:
- Social Security number
- Proof of income or employment
Can I apply if I didn’t receive an invitation?
Yes. You can call 800-239-1009 to speak to a BBVA Compass representative over the phone or visit one of its branch locations to start an application.
What happens after I apply?
BBVA Compass will review your application and send you a preview of your potential terms if you qualify. If you decide to finalize your application, BBVA Compass will do a hard pull of your credit. If you’re approved, you may be able to receive funding on the same day.
More about BBVA Compass
How do repayments work with BBVA Compass?
Once you have your loan, consider setting up autopay to avoid late payments and receive the 1% interest rate discount. If you run into any problems paying your loan or have questions, you can contact customer service by calling 1-800-239-1996, submitting a secure form online or requesting customer service contact you online.
Not in one of the seven states that BBVA Compass services? Compare your other options with our guide to personal loans.