Discover the types of loans and tips to increase your chances of approval.

Banorte’s Loan is one of the most popular financial solutions among Mexicans looking for fast and secure access to up to $500,000 pesos to fund projects, cover emergencies, or reorganize their finances.

With different modalities and flexible terms, it adapts both to those who need to buy a car and those who dream of owning a home or want to renovate their property.

In this article, you’ll find everything about the types of personal credit offered by Banorte, the requirements for contracting, how to simulate and apply for the loan, and practical tips to increase your chances of approval.

If you’re considering taking an important step in your financial life, keep reading — this content is for you.

What Is Banorte’s Personal Loan?

Banorte’s Personal Loan is a line of credit offered by the bank to clients who need financial resources for various purposes, such as personal expenses, medical emergencies, travel, education, and more.

With amounts of up to $500,000 Mexican pesos, the loan is issued in national currency and offers competitive interest rates with flexible repayment terms.

One of its main advantages is that it does not require collateral or a guarantor, making the process more accessible for many clients.

Additionally, Banorte includes free life insurance during the loan period, providing greater security for the borrower and their family.

What Types of Loans Does Banorte Offer?

Banorte offers several loan types to meet different customer needs. Below are the main options:

Traditional Personal Loan

Designed for clients who have received a pre-approved offer from the bank, this loan provides up to $500,000 pesos with fixed interest rates starting at 22% per year.
Payments are made via automatic debit from the customer’s account, with no early payment penalties. It also includes free life insurance during the loan period.

Auto Loan

Ideal for purchasing a new or used vehicle, the Banorte Auto Loan offers financing for up to 72 months with competitive interest rates.
A down payment is required, and the acquired vehicle serves as loan collateral.

Mortgage Loan

Aimed at property acquisition, Banorte’s Mortgage Loan allows you to finance the purchase of houses or apartments, with terms of up to 20 years.
Interest rates are fixed, and the purchased property serves as collateral.

Home Acquisition

Similar to the Mortgage Loan, this option is specific for buying new or used homes. It offers flexible terms and competitive interest rates tailored to customer needs.

Construction & Lot Purchase + Construction

For those who want to build their own home, Banorte offers financing both for land acquisition and construction.
Terms and conditions vary depending on the project and the customer’s payment capacity.

Improve Your Mortgage

This option is for customers who already have a mortgage with another institution and want to transfer it to Banorte to take advantage of better terms, such as lower interest rates or more suitable deadlines.

Renovation Loan

For home improvements or renovations, Banorte offers a specific credit with terms and conditions adapted to the project.
It’s an excellent option for increasing property value without compromising the budget.

Main Requirements to Apply for a Banorte Loan

Before applying for a loan at Banorte, it’s important to know the basic requirements set by the bank:

• Age: Between 18 and 70 years old.
• Residency: Must be a resident of Mexico.
• Identification: Present a valid official ID, such as INE, passport, or professional license.
• Proof of Address: A recent document (maximum 3 months), such as a utility bill.
• Proof of Income: Pay stubs, tax returns, or bank statements showing stable income.
• Credit History: A good credit history is essential for approval and better conditions.

Additionally, you must be a Banorte customer, meaning you need to have an active account with the bank.

Step-by-Step: How to Apply for a Personal Loan at Banorte

Applying for a personal loan at Banorte is simple and can be done in different ways, depending on your preference: online, by phone, or in person. Here’s a complete guide:

1. Visit the Banorte Website

Go to the official Banorte website and navigate to the “Personal Loans” section. There, you’ll find detailed information about the available loan types, interest rates, terms, and conditions.
If you already have an account, just log in to access personalized offers and simulate your loan.

To do this, tap the button below:

2. Call the Customer Service Center

If you prefer phone service, contact Banorte’s customer service. Representatives can answer questions, provide simulations, and start the credit proposal process for you.

3. Go to a Banorte Branch

Another option is to visit a physical branch. A bank manager can guide you to the best loan option for your profile, conduct simulations, and proceed with your application in person.

4. Fill Out the Credit Proposal

Regardless of the method chosen (online, phone, or in person), you’ll need to complete a proposal form with your personal, professional, and income information, as well as the desired loan amount.
You’ll also need to submit the required documents.

5. Wait for Analysis and Approval

Banorte will review your financial profile and credit history. This process may take a few business days.
If approved, you’ll receive the final contract details.

6. Sign the Contract and Finalize the Loan

Once approved, just sign the contract either digitally or in person, depending on the method used.
After that, the funds will be deposited into your account, and you can use them as needed. The first installment will be due according to the agreed-upon schedule.

Tips to Increase Your Chances of Approval

To improve your chances of getting approved for a Banorte loan, consider the following tips:

• Maintain a good credit history: Pay bills on time and avoid defaults.
• Organize your documents: Keep all necessary paperwork updated and ready.
• Prove stable income: Submit proof of consistent income.
• Avoid multiple loan applications simultaneously: Applying at several institutions can hurt your credit evaluation.
• Use the simulator: Before applying, run simulations to better understand the terms and choose the best loan for your needs.

Is a Banorte Loan Worth It?

Getting a loan from Banorte can be an excellent option for those seeking reliable financial solutions tailored to their needs.

With various credit options, competitive interest rates, and a transparent process, the bank stands out in the Mexican market.

However, it’s crucial to assess your repayment capacity and real need for the loan.

Use the tools available, such as the online simulator, and consult a financial advisor if needed to make the best decision.

Conclusion

Banorte offers a wide range of personal loan options, meeting different profiles and needs.
With accessible requirements, competitive interest rates, and a simplified process, it’s a viable alternative for those seeking financing in Mexico.

Before signing any contract, be sure to understand the loan terms, evaluate your financial situation, and use the resources available to make an informed decision.
With planning and responsibility, Banorte credit can be a powerful ally in achieving your financial goals.

Want to explore more personal loan options and compare with other alternatives on the market? Don’t miss our next article about Creditea Loan, where we explain how it works, its unique features, and who it’s best suited for.