HSBC vs Banorte: mortgage loan
| HSBC México | Banorte | |
|---|---|---|
| APR (CAT) | 11.9% | 11.8% |
| Amount | $500k–$10M | $400k–$12M |
| Term | 5–20 años | 5–20 años |
| Minimum income | $25,000 | $25,000 |
| What sets it apart | Multinational banking, program for foreign residents and Premier | Better flexibility for non-salaried; mixed-rate option |
When to pick HSBC México
HSBC wins if you're HSBC Premier, a foreign resident, or you have an active USD account. The transition from HSBC global simplifies the process. For expats buying property in Mexico for the first time, the integrated experience is worth the minimal APR difference.
When to pick Banorte
Banorte wins on a 100% Mexican profile, especially non-salaried with SAT in order. Max amount 20% higher than HSBC and friendlier service for atypical profiles.
My recommendation
Local Mexican profile: Banorte. HSBC Premier or expat: HSBC for the multinational network.
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 HSBC México or Banorte before deciding.