Obtain U.S. dollar loans through our Credit Line services.

CREDIT LINES

Our credit lines restore your credit limit as you pay off the loans charged to this credit facility.  

The following options are available to you: 

Short-Term Loans:  Cash disbursements against promissory notes, payable on a specific due date or through a debtor-defined payment plan.

Letters of Credit: Open and confirm your letters of credit without prior deposit of funds and with the option of financing for periods from 30 to 180 days.

What do I need to apply for a Credit Line in Dollars? 

• Application Letter. *
• Your 3 most recent audited Financial Statements. 
• Open a checking account in BPD (if your company does not yet have one). 
• Post collateral.

* The letter must be signed by the applicant and should state:  loan amount, loan term, description of proposed collateral, guarantor(s) (if any), repayment source and capital amortization plan.

Types of Guarantors and Prerequisites: 

Solidary Guarantor

If the guarantor is a natural person:

• Photocopy of identification. 
• Financial Statements notarized by a CPA (Certified Public Accountant). 
• Sign the Bank’s guaranty document. 

If the guarantor is a company:

• Company by-laws. 
• List of Shareholders. 
• Minutes of incorporation. 
• Minutes of election of the current board of directors. 
• Letter requesting the facility.
• Audited Financial Statements. 
• Open a checking account (if the company does not yet have one).
• Sign the Bank’s guaranty document.

MORTGAGE  LOANS

Take advantage of our new U.S. Dollar Mortgage Lending Program, a wide-ranging credit program to help you purchase real estate property, financed up to 70% of the property’s assessed value,  and with loan periods from 7 to 15 years.

Benefits:

• Quick loan processing.
• Option to finance the closing costs.
• Attractive and stable interest rate.
• Convenient monthly payments.

What do I need to apply for a Mortgage Loan in Dollars?

• Submit the company by-laws, company brochure and current list of shareholders.
• Financial Statements for the last 2 years.
• Minutes of latest Shareholders’ or Executive Committee meeting.
• Condominium By-Laws (if applicable).
• Certificate of liens and attachments.
• Luxury Residence Tax (IVSS) payment receipt, or certificate of IVSS exemption.
• Minimum amount to be financed: US$ 30,000.00.

For more information, please contact your account’s Business Manager or call Telebanco Popular at (809) 544-5555 in Santo Domingo, or 1-809-200-5555 toll-free from the interior.