How reliable is Nelo?
Nelo is reliable: it operates under Mexican financial regulation, is supervised by the Ministry of Finance (SHCP) and subject to PROFECO. It has over 2 million downloads and has issued more than 35 million loans in Mexico, with over 97,000 user reviews.
Is Nelo regulated in Mexico?
Yes. Nelo operates under the Law for Transparency and Ordering of Financial Services and the Federal Consumer Protection Law, and is subject to oversight by the relevant authorities.
Does Nelo report to the credit bureau?
Yes. Like any credit institution, Nelo reports your payment behavior to the credit bureau (Buró de Crédito). Paying on time helps you build a good credit history.
User reviews
You can read over 97,000 user reviews on Google Play and the App Store to learn about real experiences before using Nelo.
