Actinver review

The rate is fixed at 12.2% for the whole term, and the published representative example quotes an average CAT of 12.2% without VAT. On top of that, Credito Valor charges an arrangement fee of 1% on the amount granted, plus applicable VAT, so the headline rate is not the whole cost.

You need to be an adult with a good credit history, and eligibility is exclusive to holders or co-holders of an Actinver investment contract. If you hold none of those contracts, this product is closed to you regardless of your credit record. Applications are assessed in Mexico.

Actinver runs a hard credit check and expects good credit, so a thin credit file is unlikely to pass. Across the site 72.7% of brands run a hard check too, which makes this the normal route rather than an exception. Check your own record before applying.

Credito Valor lends MXN 100,000 to MXN 5,000,000 in Mexican pesos, which is far above the €876.96 median across the site. Repayment runs 12 to 36, shorter than the 84 upper end seen on secured loans here, so a large drawdown has to be serviced quickly.

Actinver is the bank itself rather than a broker: the credit comes from a Mexican multiple banking institution inside the Grupo Financiero Actinver group, based in Mexico and supervised by the Comision Nacional Bancaria y de Valores (CNBV). You deal with the lender that holds the loan, not a marketplace arranging it for you.

Actinver offers it as a credit line on a secured basis, so you draw against an agreed amount rather than receive a single lump sum. The fixed rate means the cost does not move with market rates over the life of the agreement, and the lender is a direct lender.

Support runs on email, phone and help centre, covering email, phone and a help centre. Phone is the channel most common among secured lenders on the site, at 89.3%, so a question about a payment or a held drawdown can usually be put to someone directly.

The group dates back to 1994 and is headquartered in Mexico, so it is a long-established domestic bank rather than a new online lender. The lending side is a direct lender, which means you apply to the bank itself and the credit decision sits with it.