Installment & Personal Loans in Puerto Rico

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Installment and Personal Loans in Puerto Rico: Payday Loan Alternatives

Puerto Rico · online request
Installment Loans for unexpected costs: request $150 to $5,000 online

One short form for small personal loans with fixed monthly payments, offers from licensed lenders, and money sent to your bank account if you are approved. Larger personal loan requests up to $35,000 are also accepted.

How much do you need?
Monthly payment—
Total interest—

Estimate uses 36% APR as an example, repaid over 12 months. Your lender must disclose the exact APR and total cost. Your offer may differ.

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Free to request · No obligation · Takes a few minutes
  • Puerto Rico lenders must be licensed by the territory
  • Full cost and APR shown before you sign
  • All credit types can apply; lenders may check credit

Installment Loans in Puerto Rico, requested online

Puerto Rico residents can request small personal loans of $150 to $5,000 online from any of the 99 Puerto Rico cities we cover. Puerto Rico has no payday loan law; small personal loans of up to $5,000 must be made by an OCIF-licensed lender and repaid in monthly installments. At 36% APR, a $1,000 loan repaid over 12 months costs about $100.46 a month, or $205.55 in interest in total.

What Puerto Rico law says

  • Puerto Rico has no payday loan law; small personal loans of up to $5,000 must be made by an OCIF-licensed lender and repaid in monthly installments.
  • Small personal loans under this law: up to $5,000.
  • Rate limit: The law sets no fixed rate. The Financial Board (Junta Financiera) may set, change, or leave to open competition the maximum interest and charges; lenders must publish their rates weekly and tell you the APR.
  • Fees: A lender may only charge amounts authorized by Financial Board rules. Credit insurance is optional and cannot be required to get the loan.
  • Lenders must be licensed by the Office of the Commissioner of Financial Institutions (OCIF) and must disclose the APR and total cost before you sign.

Good to know

  • A small personal loan in Puerto Rico is cash of $5,000 or less, repaid in roughly equal monthly installments.
  • Lenders making these loans need a license from the Commissioner of Financial Institutions.
  • Each lender must post a sign saying it accepts loan applications starting at $150.
  • Lenders must publish their highest, average and lowest rates every week and tell you the APR before you borrow.
  • You may repay early and get a refund of the unearned part of the finance charge.
  • A lender cannot require you to buy credit insurance to get a loan.
  • Complaints can be filed with OCIF online or at 787-723-8445 in the San Juan area or 800-981-7711 toll free.
Problem with a lender? Contact the Office of the Commissioner of Financial Institutions (OCIF) at 787-723-3131 · file a complaint online, or the CFPB. Active-duty service members and their dependents are covered by the Military Lending Act 36% rate cap.

Why request online

One form, several providersFill in your details once instead of applying lender by lender.
All credit types can applyProviders look at income and banking history, not only your credit score. Lenders may still check your credit.
No hidden costsLenders must show the fee, interest and APR before you sign. You can say no.
Direct depositIf you accept an offer, funds go straight to your checking account, often by the next business day.

How it works

1RequestFill in a short form with your Puerto Rico address, income and checking account.
2Review your offerSee the amount, fee, APR and due date. Compare the total you repay.
3Get your moneyAccept and e-sign. Funding time depends on the provider and your bank.
You will need:Age 18+Government IDRegular incomeActive checking accountPhone and email

Largest Puerto Rico cities

San Juan 318kBayamon 167kCarolina 139kPonce 108kCaguas 73kGuaynabo 71kMayaguez 59kTrujillo Alto 44kArecibo 41kFajardo 24kVega Baja 23kCatano 22kGuayama 18kHumacao 16kCayey 15kYauco 15k

Questions people ask

Can I get a loan in Puerto Rico with bad credit?

Yes, you can apply with any credit history. Lenders look at your income and banking history, not only your credit score, but they may still check your credit and approval is not guaranteed. Compare the APR and total cost before you accept.

Are payday loans legal in Puerto Rico?

Puerto Rico has no payday loan law; small personal loans of up to $5,000 must be made by an OCIF-licensed lender and repaid in monthly installments. You can request small personal loans from licensed lenders instead.

What can I borrow instead of a payday loan in Puerto Rico?

Small personal loans of $150 to $5,000, repaid in fixed monthly payments. The law sets no fixed rate. The Financial Board (Junta Financiera) may set, change, or leave to open competition the maximum interest and charges; lenders must publish their rates weekly and tell you the APR.

How much does a $1,000 loan cost in Puerto Rico?

At 36% APR, a $1,000 loan repaid over 12 months costs about $100.46 a month, or $205.55 in interest in total. Your lender must show the APR and total cost before you sign.

Where can I complain about a lender in Puerto Rico?

Contact the Office of the Commissioner of Financial Institutions (OCIF) at 787-723-3131 or the CFPB at consumerfinance.gov/complaint.

Ready to see your options in Puerto Rico?

It takes a few minutes and costs nothing to ask. You decide after you see the full cost.

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We pass your request to participating lenders. A request does not guarantee an offer; approval, amount and funding time depend on the provider.

JTJohn Terlons, Consumer Finance Specialist at Payday Linet LTD, Dallas, Texas (MBA in Finance, Harvard; 15 years in consumer lending and financial products). Figures on this page are taken from the public sources listed below. Editorial policy · How we make money

Resources

Loans near me in Puerto Rico: find your city

A B C D E F G H I J L M N O P Q R S T U V Y

A (10)
AdjuntasAguadaAguadillaAguas BuenasAguirreAibonitoAnascoAngelesAreciboArroyo
B (5)
BajaderoBarcelonetaBarranquitasBayamonBoqueron
C (16)
Cabo RojoCaguasCamuyCanovanasCarolinaCastanerCatanoCayeyCeibaCialesCidraCoamoComerioCorozalCoto LaurelCulebra
D (1)
Dorado
E (1)
Ensenada
F (3)
FajardoFloridaFort Buchanan
G (6)
GarrochalesGuanicaGuayamaGuayanillaGuaynaboGurabo
H (3)
HatilloHormiguerosHumacao
I (1)
Isabela
J (3)
JayuyaJuana DiazJuncos
L (7)
La PlataLajasLaresLas MariasLas PiedrasLoizaLuquillo
M (7)
ManatiMaricaoMaunaboMayaguezMerceditaMocaMorovis
N (2)
NaguaboNaranjito
O (1)
Orocovis
P (6)
PalmerPatillasPenuelasPoncePuerto RealPunta Santiago
Q (1)
Quebradillas
R (5)
RinconRio BlancoRio GrandeRoosevelt RoadsRosario
S (11)
Sabana GrandeSabana HoyosSabana SecaSaint JustSalinasSan AntonioSan GermanSan JuanSan LorenzoSan SebastianSanta Isabel
T (3)
Toa AltaToa BajaTrujillo Alto
U (1)
Utuado
V (4)
Vega AltaVega BajaViequesVillalba
Y (2)
YabucoaYauco


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An online loan request service by Payday Linet LTD, Dallas, Texas. One short form to see whether lenders in our partners' network may offer you a short-term loan.

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About our service. PaydayLoans.Epigenome-Noe.net (the “Site”) is an online loan request service operated by Payday Linet LTD (“Payday Linet,” “we”). The Site does not offer or make loans, does not make credit decisions, and does not act as a loan broker or agent of any lender. We provide a service that lets you submit a loan request so that lenders and lending partners can review it. We do not charge you for using the Site.

Your information. Payday Linet LTD does not collect, store or sell your personal information. The request form is provided and operated by a third-party partner: the information you enter goes directly to that form operator and to lenders in its network under the privacy notice shown with the form, so they can evaluate your request. Lenders may verify your identity and may obtain your credit report from Equifax, Experian or TransUnion or use alternative credit data. See our Privacy Policy and Privacy Choices.

Rates, fees and terms. Lenders set their own rates, fees and repayment terms, and Payday Linet has no control over them. Before you sign, the lender (or, in Texas, the Credit Access Business) must disclose the APR, finance charge, total of payments and payment schedule. Read them carefully; you are under no obligation to accept an offer. Representative example: a $300 loan repaid in one payment after 14 days with a $45 fee has an APR of about 391%. Late or missed payments may result in additional fees, collection activity and negative credit reporting. Renewals and refinancing increase the total cost.

Availability. Not all lenders operate in all states, and loan amounts, products and terms depend on state law. Short-term loans are not available in every state, and service areas may change without notice. Submitting a request does not guarantee that you will be connected with a lender or receive a loan offer. Check that a lender is licensed with your state regulator before you agree to a loan.

Compensation. Payday Linet may be compensated by lenders or partners when you submit a request or obtain a loan. See How We Make Money and our Advertising Disclosure.

Important. Short-term loans are meant for short-term financial needs, not as a long-term solution. Information on this Site is general and is not legal, tax or financial advice. If you have trouble repaying, contact your lender right away; a nonprofit credit counselor can also help. Active-duty service members and their dependents are protected by the Military Lending Act.

© Payday Linet LTD · 325 North St. Paul Street, Suite 2710, Dallas, TX 75201. All rights reserved.Payday Linet LTD operates an online loan request service. Loans, rates and credit decisions are provided by participating lenders.