Learn all the requirements for personal loans in Puerto Rico

Obtaining a personal loan may be the solution you need to face an unexpected expense, consolidate debt or cover an emergency. However, before starting any application, it is essential that you know the requirements for personal loans that you must comply with. In this article, we explain what you need, how the process works and why Kiwi may be an accessible option for you.

For many Puerto Ricans, maintaining stable financial health can be a challenge. Financial unforeseen events affect daily expenses, and personal loans become a tool to regain control. At Kiwi, we understand that reality and we design our process to be as simple as possible.

What are the requirements for a personal loan?

The requirements for a personal loan are the minimum conditions that a financial institution evaluates before determining if it can process your application. Each lender defines their own, but in general they usually ask for: be of legal age, present a valid official identification, reside in the state where the lender operates, demonstrate verifiable monthly income and have an active bank account. Some also require a minimum credit history or guarantees as a condition of approval.

In the case of Kiwi, the requirements are designed to be accessible. We don't ask for collateral or guarantees, and we conduct a credit inquiry that doesn't affect your credit score (Soft Pull), as part of the evaluation process.

Requirements to apply for a personal loan with Kiwi

In order for your request to be evaluated, you must meet the following criteria:

• Social Security Number: Your SSN allows us to verify your identity and securely process your personal loan application.
• Being of legal age: You must meet the minimum age required in your state to apply for a personal loan online.
• Active bank account (to verify income): We use it to review your income and, if your request is approved, deposit your loan funds.
• Official identification: A valid identification to confirm your identity when applying for your personal loan. We accept driver's license, passport, government ID or permanent resident card.

✅ Important note: To evaluate your application, Kiwi performs a soft pull credit inquiry, which means that the application process doesn't affect your credit score. Your credit history is one of the factors considered in the evaluation.

What are the advantages of applying for a personal loan with Kiwi?

In addition to accessible requirements, Kiwi offers key benefits that set it apart from other options:

• 100% online process: request from your home or anywhere with internet, at any time.
• Without warranty or collateral: you don't need to put your assets at risk to access the loan.
• Credit check with no impact on your score: we perform a soft pull that doesn't affect your credit score when you apply.
• Amounts from $150 to $3,000*: with terms of 4 to 24 months and fees designed to be manageable.
• We report your payments: to major credit bureaus, helping you build or improve your record.

* Subject to evaluation. The final approved amount may vary depending on eligibility criteria.

How to apply for a personal loan with Kiwi? Step by Step

If you already have the documents and meet the criteria, the application process is simple. This is how it works:

1. Access the Kiwi platform or download the mobile application.
2. Create your account and complete the application form in a few minutes.
3. Upload your documents: official identification and bank statements.
4. Choose the amount you want to request, within the range available to you.
5. Wait for the evaluation: you will receive a response via email within 12 to 48 business hours.
6. If your request is successfully processed, the money from your loan can be transferred to your bank account or sent by ATH Móvil.

What happens after you submit your request?

Once your request is received, the Kiwi team analyzes your account statements to review your income and expenses. This step is essential to determine if there is a payment capacity that allows you to assume the loan installments in a comfortable and sustainable manner.

Important: submitting your request does not guarantee approval. All applications are subject to Kiwi's current evaluation process and eligibility criteria.

FAQs

Does the application affect my credit history?

Kiwi performs a soft pull query when evaluating your request. This type of inquiry doesn't impact your credit score. Your credit history is part of the evaluation process, along with other factors such as your income and banking activity. For more details, visit KiwiCredito.com.

How long does it take to process a request?

You will receive an email response within 12 to 48 business hours after your request is received and the documents are verified.

Do I need to go to a physical branch?

No. The entire Kiwi process is 100% online. You can request, upload documents and receive your money without leaving your home.

What documents do I need to apply for a Kiwi loan?

Basically, you need three things: a verifiable source of income (payroll or voucher), your statements for the last two months, and a valid official identification issued in Puerto Rico.

Does the Kiwi loan help build credit?

Kiwi reports your payments to the main credit bureaus: Equifax, Experian and TransUnion. Every on-time payment can strengthen your credit history.

Are you ready to apply for your personal loan?

Now that you know the requirements for personal loans with Kiwi, the next step is simple.

With Kiwi, you can apply for a personal loan of up to $3,000 online. The final amount depends on your profile at the time of the evaluation.

Terms and conditions apply. Every application is subject to eligibility evaluation. The final amount approved depends on the financial profile of each applicant.