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BCP review

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

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Our verdict

BCP suits Peruvian households that want an everyday account, a debit card and a personal loan from the same lender. Monthly fees are PEN 0, and approved loans are funded the same day, so money can sit in the account the same day you are accepted.

Key facts

Best for
Peruvian customers who want everyday banking and a personal loan from the same lender
Monthly fee
PEN 0↗
Card type
Debit↗
Legal entity
Banco de Credito del Peru↗
Headquarters
Peru↗
Founded
1889↗
Support channels
Chat, Phone, Help-centre↗
Features
Same-day funding
Official website
viabcp.com

Loans

APR
8.9% to 87.5%↗
Loan amount
PEN 350,000↗
Term
3 to 72 months↗
Credit check
Hard↗
Funding time
Immediate, same day as approval, credited to the customer's BCP account↗
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↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
Yes↗
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↗
Loan types
Personal, Payday, Car, Debt-consolidation, Secured↗
Credit needed
Good↗
Use cases
Home-improvement↗
Pricing model
No monthly fee

Savings

Minimum deposit
PEN 1↗
Access terms
Immediate deposits and withdrawals in the Warda savings app, via mobile banking or Yape↗
Account kind
Easy access↗

Mortgages

Initial rate
3.45%↗
APRC
4.3%↗
Fixed period
2 years↗
Maximum loan to value
90%↗
Product fee
€748.80↗
Purpose
Purchase, Remortgage, First-time-buyer, Home-equity↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Elsewhere
WikidataWikipediaX

Pros and cons

Pros

  • No monthly fee: PEN 0 a month
  • Loan funding is immediate, the same day as approval
  • Fixed rate, terms of 3 to 72
  • Free early repayment, no charge

Cons

  • Hard credit check on every application
  • High rates of 8.9% to 87.5% on the loan
  • Support runs on chat, phone and help centre only
BCP

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Scored 9.7 / 10 by SumCue.

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Who it suits

  • Peruvian citizens with a valid DNI and demonstrable income
  • Existing card holders who can apply digitally
  • Borrowers who want to clear a loan early without a charge

Who should look elsewhere

  • Anyone outside Peru
  • Borrowers with a thin credit history
  • Anyone shopping for a low rate, with 8.9% to 87.5%

Rates and terms

The personal loan is priced at a fixed rate, so the cost of borrowing stays put across the term. Rates run 8.9% to 87.5%, and terms run 3 to 72. A shorter term means a heavier monthly repayment, while a longer term spreads the cost but adds up over more periods.

Who runs it

Banco de Credito del Peru is the legal entity, based in Peru and founded in 1889. Customers deal with the bank directly rather than through a broker or marketplace. Support runs on chat, phone and help centre, so there are several ways to reach the team about the account, card or loan.

How BCP compares

Frequently asked questions

What does it cost to keep a BCP account?+

There is no monthly fee on the account, with a monthly charge of PEN 0. The account is easy-access rather than fixed or notice, so you can move money in and out as you need it without a notice period.

How much can I borrow and over what term?+

The personal loan covers up to PEN 350,000 with terms of 3 to 72. Rates are fixed at 8.9% to 87.5%. Borrowing comes straight from the bank as a direct lender rather than through a broker or marketplace.

How fast is a loan paid out?+

Funding is immediate, the same day as approval, and the money is credited to your BCP account. Rates on the loan are fixed at 8.9% to 87.5% across terms of 3 to 72, so the cost is set once you accept.

What credit history do I need?+

The loan runs a hard credit check and expects a good credit history in the financial system. Applicants are Peruvian citizens with a valid DNI and demonstrable income, and the rate charged is 8.9% to 87.5%.

Can I repay early without a penalty?+

Early repayment is free, so you can settle the loan ahead of schedule and pay less interest overall. That matters on a fixed rate of 8.9% to 87.5% applied across terms of 3 to 72.

Is the BCP card a debit card?+

The card is a debit card, so spending draws on your own balance rather than a credit line. The account behind it carries fees of PEN 0 a month, and the card type is debit.

How do I pay money in and take it out?+

Deposits and withdrawals are immediate in the Warda savings app, through mobile banking or via Yape. The minimum deposit is PEN 1, and the account is easy-access, which suits anyone who wants same-day access to their money.

Where can I get help?+

Support runs on chat, phone and help centre, giving several routes to the team. The legal entity behind the service is Banco de Credito del Peru, founded in 1889 and based in Peru.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.

BCP

BCP

Peruvian customers who want everyday banking and a personal loan from the same lender

9.7/10See alternatives