BBVA vs Scotiabank: personal loan
| BBVA México | Scotiabank México | |
|---|---|---|
| APR (CAT) | 38.5% | 46.5% |
| Amount | $10k–$900k | $10k–$400k |
| Term | 6–60 meses | 12–48 meses |
| Minimum income | $8,000 | $8,000 |
| What sets it apart | Leading app, high ceilings, 24h approval with BBVA payroll | Multinational service, community of Canadians and Americans with residency |
When to pick BBVA México
For a standard Mexican profile with formal payroll, BBVA is clearly cheaper and faster. The 8-point APR gap on an 80K loan over 36 months is around 14,000 pesos less paid at the end. The digital paperless approval is the market's best.
When to pick Scotiabank México
Scotiabank wins when your profile has an international component: Canadian or US residency, dollar flows, frequent transfers from North America. The migrant-client know-how and multinational network are worth the 8 extra APR points for that specific profile.
My recommendation
Mexican with formal payroll: BBVA. International profile or USD/CAD flows: Scotiabank is worth the difference.
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.