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Which bank is best for me to obtain a mortgage loan?

Written in TREND the 12/6/2022 · 17:32 hs

Mexico.- Applying for a mortgage loan entails a great responsibility, but at the same time a great alternative if it is not quoted in the Institute of the National Fund for Housing for Workers, when purchasing a home of your own.

Before starting the process in any of the available options, it is recommended to analyze in detail the interest that will be charged, for how long said credit must be paid, monthly payments, interest rate, etc.

What are the options to obtain a Mortgage Credit?

According to the National Commission for the Protection and Defense of Financial Services Users (Condusef), Scotiabank, Banregio and Citibanamex are the banks with which the least would be paid at the end of a mortgage loan.

According to official data, during 2021 the average price of a home in Mexico was one million 372 thousand pesos, for which an approximate down payment of 274 thousand 400 pesos would be needed with a term of 15 years.

Finally, the banking institutions that offer a lower monthly payment are HSBC, Inbursa and Santander and the lowest interest rates are Inbursa, HSBC and Scotiabank.

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