What are the requirements for a loan application?

To apply for a loan at Banco Popular, certain requirements must be met. Firstly, applicants must be at least 18 years old and have a valid government-issued ID. They should provide proof of income, such as recent pay stubs or tax returns, to demonstrate their ability to repay the loan. A good credit history is crucial, as the bank will evaluate the applicant's credit score and credit report. Collateral may be required for certain types of loans. Additionally, applicants must provide a completed loan application form, including details about the purpose of the loan and the desired amount. Meeting these requirements will help Banco Popular assess the applicant's suitability for a loan and determine the terms and conditions accordingly.