As of 2016, to obtain a loan from Oriental Bank in Puerto Rico, contact the bank via phone at 787-777-7777 to complete an application, explains the financial institution's website. Oriental Bank offers both unsecured and guaranteed personal loans. To obtain a loan, applicants must meet age requirements and furnish proof of residency in Puerto Rico. Applicants must provide Oriental Bank with their names, addresses, employment information, personal references and income information.
As of January 2016, unsecured personal loans from Oriental Bank have an annual percentage rate beginning at 5.99 percent, notes the bank's website. These loans have terms of 12 to 84 months. The secured personal loans have deadlines from 12 months to when the certificate of deposit reaches maturity.
Oriental Bank determines a borrower's annual percentage rate based on his creditworthiness. Borrowers are eligible to receive discounts by making direct payments on the loan from another Oriental Bank account or for having a direct deposit payroll account, according to Oriental Bank. Borrowers can also make payments on their loans by having automatic payments deducted from a personal account at another bank, or a borrower can pay via phone, mail or in person at a branch location. Borrowers incur fees for late payments.