More than half of Mexicans have never requested financing from a bank. For most, applying for loans just means getting into debt, so they prefer to avoid it.
This is demonstrated by the data from the National Institute of Statistics and Geography of Mexico.
Better not apply for loans
The research indicates that the fear of not meeting all the requirements that banks ask for and high commissions are the main obstacles that Mexicans perceive for not asking for loans. Also, many assume they will be rejected before they even try. While a group considers that the bank branches are very far from their residences.
Consult all the data provided by the National Survey of Financial Inclusion (ENIF 2021)
