Banorte vs HSBC: personal loan
| Banorte | HSBC México | |
|---|---|---|
| APR (CAT) | 42% | 44% |
| Amount | $10k–$650k | $8k–$350k |
| Term | 12–60 meses | 12–60 meses |
| Minimum income | $8,000 | $7,500 |
| What sets it apart | Industrial agreements, service for non-salaried with tax package | Multinational banking, strong with USD flows and foreign residents |
When to pick Banorte
Banorte wins on a standard Mexican profile with payroll or well-documented non-salaried. Lower APR, max amount nearly double (650K vs 350K), friendlier approval for variable income.
When to pick HSBC México
HSBC wins when you receive remittances or USD income, have an active USD account, are a foreign resident with recent RFC, or operate internationally. Foreign-currency income proof creates no friction at HSBC; Banorte requires extra documentation.
My recommendation
100% Mexican profile: Banorte. International component, recent residency or USD income: HSBC for the smoothness.
How we compare these two
The figures in the table — CAT, amount, term — come from each institution’s public rate sheet, not from us, and the commercial relationship never changes them. The «cheaper» verdict weighs the total cost for a standard profile; your own CAT depends on your Buró and income, so treat the numbers as a starting point and confirm the final terms on the lender’s site before signing. The order of offers across the site follows our published methodology.
Read the full editorial review of Banorte or HSBC México before deciding.