BBVA vs Banorte: which personal loan suits you?
| BBVA México | Banorte | |
|---|---|---|
| CAT (Costo Anual Total — Mexico's all-in annual cost figure) | 38.5% | 42% |
| Amount | $10k–$900k | $10k–$650k |
| Term | 6–60 months | 12–60 months |
| Minimum income | $8,000 | $8,000 |
| What sets it apart | Smooth app, approval in minutes if your payroll is with BBVA | Friendlier to foreign residents and to freelancers who can show six months of income |
When to pick BBVA México
If your payroll already lands at BBVA, the 3.5-point CAT difference saves you between 4,000 and 7,000 pesos on a 60,000-peso loan over 24 months. The app pre-approves you with no paperwork once you've been a customer for more than six months. For amounts above 400,000 pesos, BBVA is one of the few banks that go that high without a co-signer.
When to pick Banorte
Banorte wins when you don't bank your payroll with them but you do have steady, documentable income. They more readily accept fee-based contracts, verifiable rent income, and foreign residents with a recent RFC. The rate is higher, but the odds of approval for a mixed profile are noticeably better.
My recommendation
If your payroll is already at BBVA, don't overthink it: that's where you save. If your profile has rough edges — freelance, first credit, variable income — Banorte is worth the extra CAT point to avoid the rejection.