The 1995 Peruvian Segunda División, the second division of Peruvian football (soccer), was played by 12 teams. the tournament winner, Guardia Republicana was promoted to the 1996 Torneo Descentralizado. The tournament was played on a home-and-away round-robin basis. Mixto Estudiantil withdrew before the tournament began. All their matches were considered losses by 0-2.