Santander vs Scotiabank: mortgage compared
| Santander | Scotiabank México | |
|---|---|---|
| APR (CAT) | 12% | 12.4% |
| Amount | $500k–$13M | $500k–$10M |
| Term | 5–20 años | 5–20 años |
| Minimum income | $25,000 | $25,000 |
| What sets it apart | Campaigns with initial bonus and promotional rate | Multinational program for North American residents |
When to pick Santander
Santander wins on a standard Mexican with payroll, especially in campaign window with initial bonus. The difference on a 20-year mortgage of 2 million adds 80-150 thousand pesos less.
When to pick Scotiabank México
Scotiabank wins on a binational profile with foreign-currency flows or recent residency via Canada/US. The multinational network simplifies the documentation of cross-border income.
My recommendation
Mexican with formal payroll: Santander, better in campaign. North American connection: Scotiabank 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.