MStar

About MStar

MStar, operating under MStar Innovation, S.A. de C.V., is a financial company specializing in automotive financing solutions within Mexico. The firm provides a digital-first approach to lending, aiming to simplify the traditionally complex processes associated with bank loans.

The company's core services include loans for new and semi-new cars, as well as personal loans that use a client's vehicle as collateral, known as "Préstamo por tu auto". For new car loans, MStar offers fixed annual interest rates starting from 12.99% with terms from 12 to 72 months and a down payment from 10%. For used cars purchased from dealerships, loan terms range from 12 to 60 months. The personal collateral loans allow car owners to receive up to 80% of their vehicle's value while retaining its use, with annual interest rates from 19.99% and terms of 12 to 48 months.

MStar targets a segment of the Mexican population that faces barriers to accessing traditional credit, including those with suboptimal credit histories. The company works with major car dealerships and utilizes advanced analytics technology for rapid loan approval. The business model is centered on providing fast, flexible, and transparent financing options. The application process is primarily online, requiring applicants to be between 18 and 70 years old and, for collateral loans, to own a vehicle less than 10 years old with under 200,000 km. Currently, services are concentrated in Mexico City, with plans for expansion.