Playa del Carmen Takes Out 154 Million Peso Santander Loan, Must Repay by June 2027

Playa del Carmen, Quintana Roo — The Playa del Carmen city government has formally signed a 154 million peso credit agreement with Santander, a deal approved by the city council in July, municipal treasurer Guillermo Brahms González announced. The funds will be disbursed this week and must be fully repaid by June 2027, three months before the current administration leaves office.

Brahms González said Santander offered the best terms for the short-term financing. He added that the municipality’s long-term debt with BBVA is up to date and, according to his account, carries no missed payments.

City Carries Other Financial Obligations

The city government is also continuing to pay down an earlier short-term credit line of 119 million pesos contracted with BANCREA. As of June, it had paid 71.4 million pesos, leaving an outstanding balance of 47.6 million pesos.

On its long-term debt, which exceeds 418 million pesos, the municipality reported payments of 92.797 million pesos during the first six months of 2026, according to records from the accounting department of the Municipal Treasury.

Interest payments totaled 4.578 million pesos on the BANCREA financing and 16.214 million pesos tied to the BBVA debt.

Brahms González said the 154 million pesos from Santander would be disbursed this week. The new financing adds to the municipality’s existing obligations, and its repayment must be completed within the current government’s term, which concludes in 2027.