BAM review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

BAM is a Guatemala lender for personal credit, with a variable rate and administrative fees of 1.60% to 4.60% administrative fees (gastos administrativos). It suits borrowers who can hand over a full set of documents, including recent bank statements, and who want terms of 24 to 60.

Key facts

Best for
A personal loan in Guatemala from a direct lender that lends its own money.
Loan amount
from GTQ 5,000 (Source, checked September 26, 2026)
Term
24 to 60 months (Source, checked September 26, 2026)
Arrangement fee
1.60% to 4.60% administrative fees (gastos administrativos) (Source, checked September 26, 2026)
Rate type
Variable (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
Full copy of DPI, utility bill, original income proof, last 3 bank statements, NIT; borrowers aged 60 to 70 need a guarantor (fiador); maximum age 70 (Source, checked September 26, 2026)
Origination fee (%)
1.6% to 4.6% (Source, checked September 26, 2026)
Loan types
Personal (Source, checked September 26, 2026)
Legal entity
Banco Agromercantil de Guatemala, S.A. (Source, checked September 26, 2026)
Headquarters
Guatemala (Source, checked September 26, 2026)
Founded
1926 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre, Chat (Source, checked September 26, 2026)
Official website
bam.com.gt

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataLinkedInXappgallery.huawei.com

Pros and cons

Pros

  • Direct lender, so you deal with Banco Agromercantil de Guatemala, S.A. itself, a bank founded in 1926
  • Personal loans from from GTQ 5,000 over terms of 24 to 60
  • Support runs on phone, help centre and chat
  • A single market: GT, so the whole offering is aimed at Guatemalan borrowers

Cons

  • Free early repayment reads no, so clearing the loan early carries a charge
  • The rate is variable (variable), so the interest side of the cost can move
  • BAM's eligibility list requires a guarantor from older applicants and sets a maximum age

Ready to try BAM?

Scored 9.1 / 10 by BorrowCue.

See alternatives

Who it suits

  • Guatemalan borrowers with formal income and a document set ready
  • Anyone who wants a direct bank rather than a broker

Who should look elsewhere

  • Anyone who wants to repay early without charge; BAM says free early repayment, no
  • Anyone needing a fixed rate, since the rate here is variable
  • Borrowers who cannot produce the documents BAM lists

How BAM compares

Where BAM is available

Available
Guatemala

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What is the smallest loan BAM offers?+

BAM lends personal loans from from GTQ 5,000. The loan is offered in quetzales and comes with administrative fees, so the amount you receive and the amount you repay are not the same figure.

What fees does BAM charge?+

The stated charge is administrative fees of 1.60% to 4.60% administrative fees (gastos administrativos). The rate is variable, which means the interest side of the cost can also change over the life of the loan rather than staying fixed.

How long can a BAM loan run?+

Terms run 24 to 60. A longer term spreads repayments but keeps the balance in place for longer, so the total cost depends heavily on how long you keep the loan open.

Can I repay a BAM loan early without a charge?+

Free early repayment, no. That is the one point where BAM is clear about a downside: settling the loan early does not come without cost, so the savings from overpaying are smaller than they would be elsewhere.

Is the BAM rate fixed or variable?+

The rate is variable. If you want a predictable monthly figure to plan a budget around, a fixed rate elsewhere may suit you better, because a variable rate leaves room for the cost to move.

What documents does BAM ask for?+

BAM lists a full copy of your national ID, a utility bill, original proof of income, your last bank statements and your tax number. It also sets a maximum age, and older applicants need a guarantor.

How long has BAM been a lender?+

BAM was founded in 1926 and trades as Banco Agromercantil de Guatemala, S.A., based in Guatemala. It is a direct lender, which means the money comes from the bank rather than from a panel of other lenders.

How do I reach BAM if something goes wrong?+

Support runs on phone, help centre and chat. Phone, help centre and chat are all listed, so there is a route for a question about a payment or a document request rather than relying on one channel.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Credit check, Funding time, Representative example.

Related by the facts

BAM

A personal loan in Guatemala from a direct lender that lends its own money.

9.1/10See alternatives

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