BBVA vs Scotiabank: mortgage in Mexico
| BBVA México | Scotiabank México | |
|---|---|---|
| APR (CAT) | 11.4% | 12.4% |
| Amount | $500k–$15M | $500k–$10M |
| Term | 5–20 años | 5–20 años |
| Minimum income | $25,000 | $25,000 |
| What sets it apart | Market leader, competitive fixed rate, integrated app | Programs for North American residents with USD/CAD flows |
When to pick BBVA México
BBVA wins on a standard Mexican profile. One APR point below on a 20-year mortgage is an important difference: on 2 million, roughly 200-280 thousand pesos less paid at the end.
When to pick Scotiabank México
Scotiabank wins if you receive income in USD/CAD or your profile includes Canadian financial background. The operation with foreign-currency flows is smooth and documentation validates with the multinational network.
My recommendation
Standard Mexican profile: BBVA. North American connection or foreign-currency income: Scotiabank.
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 BBVA México or Scotiabank México before deciding.