Personal Loans
If you are a private individual and you own a property in Spain, you can apply for a personal secured loan through KREDIT SPAIN.
Personal Secured Loans
Who is suitable for this?
Suitable for clients who:
- Need cash to buy another property, or perhaps an investment property or perhaps they have problems like a bankruptcy or even a divorce that needs to be settled.
- Need cash immediately but are aware that they will receive money from elsewhere in the short term to pay back the loan.
Personal Loan Options
We can offer a choice of two types of secured loans for private individuals.
Option 1
Interest Only
Interest only monthly payments with the principal amount to be paid in full at the end of the loan term.
Option 2
No Monthly Payments
Principal loan + Interest accrued is paid in full at the end of the loan term.
General Conditions
- Maximum LTV: 30%
- Interest rate: approx 10%
- Opening fee: 3- 6%. This includes notary fees, translations etc.
- Loan term: between 12 and 60 months.
If there is a mortgage on the property it must be lower than the amount of the desired loan.
Documentation we need
- Full address of the property
- IBI Bill (Suma)
- Information about debts on the property
- Copy of NIE and Passport for all homeowners whose names appear on the title deed
- Photos of the property
Contact Us
Get In Touch
Speak to one of out friendly team – all estimates and proposals are free of charge.
Minimum loan amount is 20,000€