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Scotiabank Peru review

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

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Our verdict

Scotiabank Peru suits Peruvian customers who want everyday banking with no account fee and quick access to a variable rate deposit balance. The digital account pairs a monthly fee of PEN 0 with 9.7% interest, and the same bank lends from PEN 1,000 to PEN 280,000 over 6 to 60 with early repayment free.

Key facts

Best for
Fee free everyday banking in Peru with a savings balance and a personal loan in the same place.
Monthly fee
PEN 0↗
Card type
Debit↗
Legal entity
Scotiabank Peru S.A.A.↗
Headquarters
Peru↗
Support channels
Phone, Help-centre, Community↗
Features
Same-day funding
Audience
Seniors
Official website
scotiabank.com.pe

Loans

APR
up to 80%↗
Loan amount
PEN 1,000 to PEN 280,000↗
Term
6 to 60 months↗
Credit check
Hard↗
Funding time
Disbursement in minutes, money credited instantly to the account↗
Representative example
Max referential TCEA from a max 80% TEA on S/5,000 over 12 months, monthly instalment S/565.86 including optional insurance↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Minimum monthly income S/600 with a Scotiabank Salary Account or S/1,200 without it; must be registered for Clave Digital and hold an approved offer; must have an active savings account↗
Loan types
Personal, Payday↗
Pricing model
No monthly fee

Savings

Headline rate
9.7%↗
Minimum deposit
PEN 0↗
Access terms
Unlimited free withdrawals at Scotiabank ATMs; 1 free teller withdrawal or transfer per month; unlimited free interbank transfers from app or web↗
Account kind
Easy access↗

Personal insurance

Premium from
PEN 65↗
Insurance types
Auto, Home, Life, Health, Critical-illness, Income-protection↗
Provider type
Broker↗
Cover limit
SOAT: 4 UIT for death, up to 5 UIT for medical expenses, up to 1 UIT for temporary incapacity, up to 1 UIT for funeral expenses (UIT = S/ 3,950)↗
Claims channels
Phone, Branch, Web, Email↗
Age range
18 to 79 years 11 months 29 days entry age (loans: max entry 69 years 364 days)↗

Credit cards

Card kind
Credit↗

Mortgages

Fixed period
30 years↗
Maximum loan to value
90%↗
Purpose
Purchase, Remortgage↗

Facts checked September 26, 2026, 11 sources

Apps and profiles

Get the app
App Store
Elsewhere
Wikidata

Pros and cons

Pros

  • The account is free to hold, with a monthly fee of PEN 0 and a minimum deposit of PEN 0.
  • Cash access costs nothing at Scotiabank ATMs, and interbank transfers are free in the app or web.
  • Loans land fast, with same day funding funding on PEN 1,000 to PEN 280,000 over 6 to 60 and early repayment free.
  • Claims run through phone, branch and web, a wider route than the phone, help centre and community used for everyday queries.

Cons

  • Loans price at up to 80%, well above the 12.25% seen across these listings.
  • Every application runs a hard credit check, so a search can mark an existing credit file.
  • Day to day support runs on phone, help centre and community alone, and the wider phone, branch and web are for formal complaints.
Scotiabank Peru

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Who it suits

  • Peruvian customers who want an easy access account, a debit card and a loan from one bank.
  • Borrowers who need PEN 1,000 to PEN 280,000 over 6 to 60 and can clear a hard credit check.
  • Customers planning cover for later life, as the insurance side serves seniors and sells auto, home and life policies quoted PEN 65.

Who should look elsewhere

  • Anyone after a locked return, because the account pays a variable rate.
  • Applicants with a thin credit file, as the lending check is hard.
  • Homebuyers wanting a short fix, since the mortgage runs a 30 year fixed period up to 90% loan to value.

Rates and card terms

The savings balance pays 9.7% at a variable rate, above the 2.75% typical across these listings, though the figure moves with the market. Borrowing costs more: up to 80% on personal and payday loans, with PEN 1,000 to PEN 280,000 available to borrow over 6 to 60. The same bank is strong on savings and expensive on credit.

The company behind it

The banking entity behind the accounts is Scotiabank Peru S.A.A., headquartered in Peru, so the products and the rules around them are local rather than aimed at the UK or Europe. Day to day help runs on phone, help centre and community, with no email channel listed, while formal complaints can be lodged by phone, branch, web or email.

How Scotiabank Peru compares

Frequently asked questions

Is there a monthly fee or minimum balance on the account?+

The digital account lists a monthly fee of PEN 0 and a minimum deposit of PEN 0, so there is nothing to pay for holding it open. The account kind is easy access, which suits money that has to stay reachable.

How do I take out cash and pay other banks?+

Withdrawals at Scotiabank ATMs are unlimited and free, and interbank transfers are unlimited and free from the app or web. Teller withdrawals and transfers come with a free allowance each month, so counter service suits occasional needs rather than daily use. A debit card covers day to day spending.

What interest do I earn, and can it change?+

The account pays 9.7% at a variable rate, above the 2.75% median for these listings. Because the rate is variable rather than fixed, the figure can move in either direction, so savers should treat the headline as a starting point.

How much can I borrow and over what period?+

Personal and payday loans run PEN 1,000 to PEN 280,000 over 6 to 60, and the money is credited to the account in minutes. Early repayment carries no charge, so a loan can be cleared early if income improves. Scotiabank Peru is a direct lender, so applications sit with the bank rather than a broker.

What credit check do I need to pass?+

Lending runs a hard credit check, and 75% of the comparable accounts use the same type, so a thin file can be turned down. Eligibility also needs an approved offer and an active savings account, plus a minimum monthly income, set at a lower level for salary account holders.

How do I reach support or make a complaint?+

Everyday help runs on phone, help centre and community. Formal claims and complaints are wider: phone, branch and web are all open for them, covering phone, branch, web and email. Most day to day questions can be handled in the app or web, while a disputed transaction belongs on the claims route.

Does the bank sell insurance as well?+

The insurance side runs as a broker, covering auto, home and life policies, with premiums quoted PEN 65. Accident cover sets limits per claim, while the life policies target adults across a wide age range. The audience is seniors, so the range is pitched at older customers as much as at families.

Sources

Compiled from 11 source pages, checked September 26, 2026. We did not open an account.

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

Scotiabank Peru

Scotiabank Peru

Fee free everyday banking in Peru with a savings balance and a personal loan in the same place.

See alternatives