Overview

• Only 37.3% of Mexican adults have formal credit and payroll loans account for roughly 25% of consumer lending, highlighting the need for wider access.
• Circular 6/2025, published July 18 in the Diario Oficial de la Federación, allows any bank to use payroll deposits and labor benefits as sources of loan repayment.
• The new rules eliminate the requirement that confined payroll lending to the bank managing a worker’s salary account.
• Banks must redesign their payroll-loan products to meet the new regulations ahead of the August 29 enforcement date.
• Banxico expects heightened competition among lenders to drive down borrowing costs and improve loan terms for workers.