BCP review

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

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Our verdict

BCP lends directly from Peru, with personal loans from PEN 350,000 at an APR of 8.9% to 87.5% and terms of 3 to 72. It suits existing BCP customers in Peru who want money in their own account the same day, and anyone borrowing for home improvement.

Key facts

Best for
Peruvian borrowers who hold a BCP account and want same-day funding on a fixed-rate personal loan.
APR
8.9% to 87.5% (Source, checked September 26, 2026)
Loan amount
PEN 350,000 (Source, checked September 26, 2026)
Term
3 to 72 months (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Immediate, same day as approval, credited to the customer's BCP account (Source, checked September 26, 2026)
Representative example
Maximum referential TCEA for a S/1,000 loan over 12 months at a 99.9% interest rate plus 0.115% monthly desgravamen insurance (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Peruvian citizens aged 18 or over with a valid DNI, demonstrable income and a good financial-system credit history; BCP customers with an active debit card and internet key apply digitally, agency applicants must show at least S/ 1,000 income (Source, checked September 26, 2026)
Loan types
Personal, Payday, Car, Debt-consolidation, Secured (Source, checked September 26, 2026)
Credit needed
Good (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
BANCO DE CREDITO DEL PERU S.A (Source, checked September 26, 2026)
Headquarters
Peru (Source, checked September 26, 2026)
Founded
1985 (Source, checked September 26, 2026)
Support channels
Chat, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
viabcp.com

Mortgages

Initial rate
3.45% (Source, checked September 26, 2026)
APRC
4.3% (Source, checked September 26, 2026)
Fixed period
2 years (Source, checked September 26, 2026)
Maximum loan to value
90% (Source, checked September 26, 2026)
Product fee
€748.80 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, First-time-buyer, Home-equity (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
BANCO DE CREDITO DEL PERU S.A (Source, checked September 26, 2026)
Headquarters
Peru (Source, checked September 26, 2026)
Founded
1985 (Source, checked September 26, 2026)
Support channels
Chat, Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
WikidataWikipediaXLinkedInfacebook.cominstagram.com

Pros and cons

Pros

  • Lends as a direct lender rather than a broker, so direct lender sits in the middle of the market
  • APR of 8.9% to 87.5% on a fixed-rate model, with rates that hold rather than reset
  • Loan sizes up to PEN 350,000 cover home improvement, the main listed use case
  • Free early repayment, so paying off early carries no extra charge

Cons

  • Good credit history needed, so a thin credit file is likely to be turned away
  • APR reaches 8.9% to 87.5% at the top of the range, far above the typical lender
  • The representative example shows a TCEA on a small loan that sits well above the headline APR
BCP

Ready to try BCP?

Scored 9.2 / 10 by BorrowCue.

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Who it suits

  • Existing BCP account holders with a debit card and internet key
  • Peruvian citizens with a valid DNI and demonstrable income
  • Borrowers planning a home improvement project who want the money quickly

Who should look elsewhere

  • Borrowers with a poor credit history, who face a hard credit check
  • Monzo Flex, which is the cheaper option on APR
  • Cashspace, which lends in a different market with its own rate range

Safety and regulation

BCP is a direct lender rather than a broker, so the money comes from the bank itself. The representative example is the clearest guide to the real cost: a small loan over a short term carries a maximum referential TCEA, plus monthly desgravamen insurance that sits outside the headline rate. Check that figure against the APR of 8.9% to 87.5% before you apply. No regulator or protection scheme details are published for this product.

Who runs it

The lender is BANCO DE CREDITO DEL PERU S.A, a bank headquartered in Peru, and it was founded in 1985. It offers personal, payday, car, debt consolidation and secured loans, so the same name covers several borrowing needs. Support runs on chat, phone and help centre, which gives you phone and chat as well as a help centre when a repayment or application needs attention.

How BCP compares

Where BCP is available

Available
Peru

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

Frequently asked questions

How much can I borrow from BCP?+

Personal loans run up to PEN 350,000 in Peruvian soles. You can spread that over 3 to 72, so the amount and the term you choose interact. Home improvement is the main listed use case, so a larger renovation is a reasonable fit for the ceiling.

What interest rate will I pay?+

The APR runs 8.9% to 87.5% depending on your profile, and the loan is fixed-rate, so that rate holds for the term. Because the range is wide, the rate you are actually offered depends on your credit history and income.

How fast do I get the money?+

Funding is immediate and arrives the same day as approval, credited straight to your BCP account. That is one of the faster paths to cash, but it also means the money lands in an account you already need to hold.

Who can apply?+

You need to be a Peruvian citizen who is an adult, hold a valid DNI, show demonstrable income and have a good credit history in the financial system. BCP customers with an active debit card and internet key can apply digitally, while agency applicants must show a minimum income.

Are there arrangement fees?+

The only fee stated is monthly desgravamen insurance, which the representative example shows as a small monthly percentage on top of the interest rate. Early repayment is free, so settling the loan early does not add a charge. For housing loans the group charges €748.80.

How is BCP regulated?+

BCP is registered as a direct lender, BANCO DE CREDITO DEL PERU S.A, which means the lender is the bank itself. No regulator or deposit protection scheme is listed for this product, so treat the bank as a credit counterparty rather than a savings provider.

What credit check does BCP run?+

The check is hard, which means a search leaves a mark on your credit file even if you are declined. Good credit is the level stated as needed, so this product is aimed at borrowers with a clean history rather than those repairing one.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee.

BCP

BCP

Peruvian borrowers who hold a BCP account and want same-day funding on a fixed-rate personal loan.

9.2/10See alternatives

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