Personal loans in Mexico 2026: licensed banks ranked
A ranking of Mexican banks (instituciones de banca múltiple) by their standard unsecured personal loan. Each bank is confirmed by its own legal statement that it is an Institución de Banca Múltiple, in its loan terms or on the product page; we could not read the CNBV list with our tool. Payday and microfinance lenders, unlicensed SOFOMs, intermediaries and comparison sites are excluded. The rate basis is the CAT promedio (Costo Anual Total, without VAT) that banks must publish for information and comparison, as a percentage of the reference of 37.3% (the median at launch). CAT is an average across a bank's customers and includes fees, so it is higher than the interest rate alone; each card states its calculation date. A loan is a financial obligation: it must be repaid with interest, and the rate depends on the applicant and the bank's decision. This ranking is not a recommendation or financial advice. Compare banks only within Mexico. Score is not for sale.
| # | Company | Who it serves | ||||
|---|---|---|---|---|---|---|
| 1 | BBVA México (loans) | 83 | 1932 | Yes | 97% | Licensed Free early repayment Fees published |
| 2 | HSBC México (loans) | 74 | 1941 | Yes | 100% | Licensed Fees published |
| 3 | Scotiabank México (loans) | 59 | Not verified | Yes | 89% | Licensed Free early repayment Fees published |
| 4 | Afirme (loans) | 58 | Not verified | Yes | 106% | Licensed Free early repayment Fees published |
| 5 | BanCoppel (loans) | 38 | Not verified | Yes | 241% | Licensed Free early repayment No arrangement fee |
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- Licensed since
- 1932
- Licensed by the regulator
- Yes
- Published rate, % of country reference
- 97%
Pros
- Long licence history
- Licence confirmed by the official list or a stated licence number
- Fees or full loan terms are readable without login
- Publishes how to complain
Cons
- An arrangement fee can apply
- Online application is not open to new customers
Details Visit site ↗ 100% backed by facts
-
- Licensed since
- 1941
- Licensed by the regulator
- Yes
- Published rate, % of country reference
- 100%
Pros
- Long licence history
- Licence confirmed by the official list or a stated licence number
- Fees or full loan terms are readable without login
- Publishes how to complain
Cons
- An arrangement fee can apply
- Online application is not open to new customers
Details Visit site ↗ 94% backed by facts
-
- Licensed since
- Not verified
- Licensed by the regulator
- Yes
- Published rate, % of country reference
- 89%
Pros
- Licence confirmed by the official list or a stated licence number
- Fees or full loan terms are readable without login
- Publishes how to complain
- Terms state that early repayment is free
Cons
- An arrangement fee can apply
- Online application is not open to new customers
Details Visit site ↗ 77% backed by facts
-
- Licensed since
- Not verified
- Licensed by the regulator
- Yes
- Published rate, % of country reference
- 106%
Pros
- Licence confirmed by the official list or a stated licence number
- Fees or full loan terms are readable without login
- Publishes how to complain
- Terms state that early repayment is free
Cons
- An arrangement fee can apply
Details Visit site ↗ 73% backed by facts
-
- Licensed since
- Not verified
- Licensed by the regulator
- Yes
- Published rate, % of country reference
- 241%
Pros
- Licence confirmed by the official list or a stated licence number
- Publishes how to complain
- No arrangement fee in the standard terms
- Terms state that early repayment is free
Cons
- Published rate above the country reference
- Online application is not open to new customers
Details Visit site ↗ 65% backed by facts
Not ranked yet: not enough verified data
These services are known to us, but we haven't verified enough facts to rank them fairly.
- Banamex (loans) (55% backed by facts)
How we calculate the Score
35%
Licence
Whether the lender appears in the regulator's official list, or states its licence number on its site, and how long it has held a licence or registration. Where the register shows no date we use the year stated on the official site, which can be the founding year. A licence means supervision; it does not make a loan cheap or safe for you.
30%
Transparency
Whether a fees document or the full loan terms can be read without logging in, whether the lender publishes how to complain, and whether its terms state that early repayment is free. A statutory early repayment charge counts as a charge.
25%
Cost
The published rate of the standard cash loan as a percentage of the country's reference rate, the median of the rates we collected at launch (100% equals the reference; the score falls from 50% to 200%). The original rate with its example amount and term is shown beside it. The basis differs by country, so compare only within one country. We also count whether the standard terms have no arrangement fee. This factor deliberately weighs less than licence and transparency.
10%
Service
Whether a new customer can apply online, weekly hours of general support, and the maximum amount and term compared within the country. A larger or longer loan is not better for you: more time usually means more interest paid. That is why these two facts carry little weight.
What to check in a loan offer
A loan is an obligation
You commit to fixed payments for the whole term, whatever happens to your income. Late or missed payments can bring extra charges and harm your credit history, and the lender can take legal steps to recover the debt.
Verify the licence
Look the lender up in the official list of the central bank or financial regulator by its exact legal name and compare the website address. Fraudsters copy the names of real lenders. A real lender does not ask for an upfront payment to release a loan.
Read the rate as an example
The published figure is an example or a lowest rate. Your rate depends on your income, credit history, amount and term, and the lender may refuse. Read the individual offer before signing.
Look at the total to repay
Compare the total amount repayable, not only the monthly payment. A longer term lowers the payment but usually raises the interest you pay overall.
Check fees and insurance
Look for arrangement fees, early repayment charges, late payment charges and whether insurance is required. Each of these changes the real cost. The figures must be in the pre-contract information.
Know how to complain
Complain to the lender in writing first and keep the reference. If the reply does not resolve it, contact the financial ombudsman, where one exists, or the regulator. If you have trouble repaying, contact the lender early and consider free independent debt advice where available.
Frequently asked questions
What is the CAT and why is it so high?
The CAT (Costo Anual Total) is, in Banco de México's words, a standardised measure of the cost of financing, expressed as an annual percentage, that for information and comparison purposes includes all the costs and expenses of the loan. It is calculated with the method set by Banco de México in Circular 21/2009, and since 17 November 2009 it must be calculated without VAT on fees and interest. Because it includes opening fees and insurance as well as interest, it is higher than the interest rate alone. Banks publish a 'CAT promedio', an average, and your own CAT is set in your offer.
How do I check that a lender is a real, licensed bank?
Look for the exact legal name with 'Institución de Banca Múltiple' in the loan terms, and compare it with CONDUSEF's Registro de Prestadores de Servicios Financieros (SIPRES). Financial institutions must review and update their information in SIPRES at least every three months. Fraudsters copy the names of real banks, so also check the website address. A real bank does not ask for an upfront payment to release a loan.
Who handles complaints about a bank loan?
First the bank's Unidad Especializada de Atención a Usuarios (UNE). Each bank in this ranking publishes its UNE contact details for queries, claims and clarifications. If the answer does not satisfy you, you can go to CONDUSEF, the national commission for the protection of users of financial services.
Can I calculate the CAT of an offer myself?
Yes. Banco de México publishes a free CAT calculator: enter the loan amount, the periodic payments and any extra charges not included in them. If you enter payments that include VAT, the result will include the tax.
Is this a recommendation, and can a lender buy a place?
No. This ranking is not a recommendation or financial advice and promises neither approval nor a rate. Score is not for sale: a lender cannot pay to change its position. Paid placements, if any ever appear, will be a separate block labelled Sponsored.