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Personal Loans

Get the extra cash you need, when and how you need it.


  • Rate discount with Auto Debit
  • Competitive rates
Call 1-800-COMPASS
  • Overview
  • Simplified Line of Credit
  • Personal Installment Loan

Our Personal Loans

Everyone needs some extra cash from time to time. Our Personal Loans make getting that cash simple and affordable.


  • Competitive Rates

    You can choose from a line of credit or a lump sum installment loan. Either way, you’ll get a competitive rate that will save you money over the life of your loan.
  • Rate Discount with Auto Debit

    Have your loan payment automatically debited from your BBVA Compass checking account and get an additional rate discount.
  • No Collateral Requirements

    No collateral is required for either the Simplified Line of Credit® or Personal Installment Loan.
  • Use For Anything

    You can use your cash for whatever you want or need.

All loans and lines of credit are subject to approval, including credit approval.

Simplified Line of Credit

What you get with a Simplified Line of Credit®


  • Unlimited Advances

    You’ll have unlimited access to cash when you need it up to your available credit limit. (Minimum advance $1,000)*
  • Rate Discount

    You’ll get a 0.50% off your APR if you have your monthly payments automatically deducted from your BBVA Compass checking or savings account.
  • Use For Anything

    You can use your line however and for whatever you want or need.
  • Multiple Ways to Access

    You can visit a branch, use a convenience check, or just give us a call.
  • Savings and Flexibility

    You’ll get a competitive APR and pay no annual fee. Plus, there are no prepayment penalties or collateral requirements.

Interest Rates and Interest Charges
Annual Percentage Rate (APR) 9.24% to 23.74% , based on your creditworthiness. This APR will vary with the market based on the Prime Rate.
Paying Interest We start charging interest on the transaction date. There is no way to avoid interest.
Fees
Transaction Fees
Advance Fee 3% of the amount of each advance.
Penalty Fees
Late Payment $37
Returned Payment $26

These terms are accurate as of July 1, 2014. You can always find out the most current terms by contacting us at: Compass Bank, P.O. Box 2210, Decatur, AL 35699, or 1-800-239-5175.

How We Will Calculate Your Balance: We use a method called "daily balance" (including new transactions).

 

All loans and lines of credit are subject to approval, including credit approval.

Simplified Line of Credit may not be available to residents of all states.

California Residents: Married applicants may apply for separate accounts.

Delaware Residents: Service charges not in excess of those permitted by law will be charged on the outstanding balance from month to month.

Ohio Residents: The Ohio law against discrimination requires that all creditors make credit equally available to all creditworthy customers, and that the credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

Maryland Residents: Finance charges will be imposed in amounts or at rates not in excess of those permitted by law.

How to Apply

Apply By Phone 1-800-COMPASS

Apply In Person Find a Branch

Simplified Line of CreditSM



Loan payment Assistance

Personal Installment Loan

What you get with a Personal Installment Loan


  • Affordable Borrowing

    Get the money you need for less with a competitive low rate, and there are no application fees. No collateral requirements, either.
  • Rate Discount

    If you open a new BBVA Compass consumer checking account with direct deposit and set up auto-debit loan payments from your BBVA Compass checking account, you’ll get our lowest rate of 0% intro APR for 6 months (only 9.99% APR after that).
  • Simplified Budgeting

    Set monthly payments make budgeting easier.
  • Receive Funds All At Once

    You’ll receive a lump sum of cash you can use for whatever you want or need.
Don’t have a BBVA Compass consumer checking account?
Choose an account now.

Personal Installment Loan discount details:

First 6 Months Remaining Term
Standard Rate 9.00% 18.99%
Direct Deposit Discount –8.00% –8.00%
Auto Debit Discount –1.00% –1.00%
Loan Rate after Discounts 0.00% 9.99%

All loans and lines of credit are subject to approval, including credit approval.