Personal payday loans


Personal payday loans consist of long-term loans that give you the opportunity to fulfill your dreams and goals, whether Personal payday or business. You just have to go to one of their locations with the required documentation and you can quickly get the amount you need. for further clarification

Banamex is one of the most famous financial institutions in Mexico. With your personal payday loans, they can provide between $ 3,000 and $ 750,000 without the need for an endorsement or guarantees and with the lowest interest rate in the market.

Information about Personal Payday loans 

Main features

You can get up to $ 750,000 pesos with a fixed interest rate of 17% per month. The loan can last a minimum of 24 months and a maximum of 60 months, the equivalent of five years and does not require the submission of guarantees or guarantees.

How do they work?

How do they work?

The Personal payday loans granted by are available to all those people, both physical and legal, who are between 21 and 79 years old with 11 months and who have an account with the bank, be it checks, Master or Profiles. The steps to follow to do it are detailed in the following sections:

  1. Locate the branch closest to the address (or in which you are a customer). You can use the locator of the bank’s website, there are more than 1600 branches throughout the country.
  2. Present the current official identification and proof of income and address (original and copies)
  3. Ask for an appointment with one of the account executives to define the conditions of the Personal payday credit.
  4. Complete an application with Personal payday data, employment information, commercial, banking and Personal payday references.

Those people who are clients of the company, but have never requested a loan or have time without doing so, can enter into a pre-authorized credit status, for which they will notify by any of the contact methods. This means that has made an offer to apply for a loan to contact one of the branches to receive the details and accept the loan.

When initiating the procedure, the applicant will incur a commission for opening concept of 2.5% plus VAT, which is paid only once in the agreed term. This is calculated as the aforementioned percentage of the amount deposited and is added to the total amount of the loan.

On the other hand, to return them, offers the applicant three different means of payment, making them flexible. Among these, are:

  • Any of the branches available in the country making deposits at the window.
  • Through direct debit making the charges to the account of the person. This, at any time, can be canceled at no cost and in which case, you must use any of the other methods explained.
  • The last one is the same online service of the entity, BancaNet. With respect to the latter, customers can make payments on their loans through this system on the agreed date or limit for the payment of the fee.

What do I need to obtain a Personal payday loan at ?

What do I need to obtain a Personal payday loan at ?

As with any loan, obtaining it depends on certain conditions being met, and in the case of the Personal payday loan since it is a product that is contracted in person, it is necessary to know which are so as not to have to be transported to one of its branches on more than one occasion. These conditions are:

  • Be a Mexican or foreigner who presents a permanent residence card.
  • Be between 21 and 79 years old.
  • Demonstrate a minimum monthly income of 5000 Mexican pesos.
  • Have a fixed telephone at home.
  • Be a customer.



When requesting a loan, each bank identity asks for a certain number of requirements to approve the transaction. Some tend to be more flexible, while others need more documentation to finally grant the loan.

But not only that, but also they also offer different types of payment that vary with regard to the amounts of months, the interest rate, the benefits to the consumer, etc.

Bearing in mind that there are many other banking institutions that, with offers of similar products, Personal payday loans are ranked among the best, because the interest rate is the lowest with the longest term of all and giving the opportunity to the applicant get high amounts

Opinion about this product

Opinion about this product

There are not many institutions in Mexico that have such a positive track record and reputation as , which we take into account when analyzing the Personal payday loans they offer. That said, there are many other factors why here at Bonsai Finance we consider it a recommendable product for all people.

First, we have the characteristics of the loan itself. That is, having the ability to obtain $ 750,000 pesos payable at five years is a largely positive aspect. Additionally, the fact that the interest rate remains fixed at all times and is the lowest of the market – at 17% – compared with products of the same range offered by other entities, makes them very favorable.

On the negative side, we have that, although they do not indicate it as a requirement on their website, having a credit history increases the chances of the application being approved, more if it is positive. Therefore, we do indicate that if you do not have one or that your qualification, if it is negative, you refrain from making the request to hire this product.

Leave a Reply

Your email address will not be published. Required fields are marked *