Ualá’s Personal Loan aims to provide a simple, quick, and flexible borrowing experience. For new and existing users, loans go up to $20,000 MXN repayable in up to 36 months. With a digital process and minimal paperwork, approval is fast and entirely online. The average total annual cost (CAT) is 84.77% without VAT, current for requests made up to September 30, 2025. Notably, there are no hidden fees and payments are fixed, letting clients manage their budgets with confidence.

How to Apply for a Ualá Loan

1. Download and install the Ualá app on your smartphone.
2. Register for an account and complete all requested information.
3. Check eligibility based on your credit history and payment capacity.
4. Submit necessary documents, including proof of address if not listed on your INE.
5. Choose the desired loan amount and repayment term, then finalize your application.

Pros of Ualá Personal Loan

The digital application process is straightforward, and the response time is typically very fast. You can apply at any time, from wherever you are, without unnecessary in-person visits or complicated steps.

The terms are flexible, with borrowers able to spread payments across manageable monthly installments for up to three years. Plus, the absence of hidden fees makes budgeting simple.

Cons of Ualá Personal Loan

The total annual cost (CAT) is relatively high compared to bank loans, so this product may not be ideal for borrowers seeking the lowest interest rates.

The approval is contingent on credit history and customer status, which means not everyone will qualify immediately, especially if they are new to credit.

Final Verdict

Ualá’s Personal Loan is best for those who value speed, convenience, and transparency. If you need quick cash without extensive paperwork and prefer digital processes, it’s a solid pick. However, as with any loan, review terms—especially the CAT—to ensure it fits your financial plans. For straightforward, mobile-first lending up to $20,000 MXN, Ualá is a compelling contender.