Updated on 16 October 2019
Banco Popular Espanol was founded in 1926. The bank is now one of the largest banks in Spain and is specializing in retail and corporate banking products and services. In 2017 Banco Popular Espanol was acquired by Banco Santander. Since 2018 Banco Popular Espanol operates as a fully integrated subsidiary of Banco Santander.
Spain: This product is offered to Spanish residents only. When clicking on the product link you will be redirected to the product page in Spanish.
Consumer loans are secured or unsecured loans given to customers for personal, family, or household purposes or for purchase of goods and services. Unsecured consumer loans (which are not backed or secured by a collateral) are typically have higher interest rates than secured loans. In terms of repayment, consumer loans can be revolving (when a credit limit can be spent, repaid and spent again) or installment (such a loan is repaid in equal installments until the loan is paid off at the end of its term).
The table above shows essential details of selected consumer loans products offered to retail customers by the banks in Spain: currency, effective rate per annum and loan term in months. The consumer loans terms vary from 1 month to 5 years (60 months). The effective borrowing rates are within the range 7.88 - 7.88 %.