Do you have any questions?
How does it work?
In this section you’ll find all the frequently asked questions about our loans and their conditions. If you have any other questions, contact us and we’ll advise you personally and free of charge.
General questions
How can I apply for a private capital loan?
If you have a property in your name, you can access our property-secured loans. We offer solutions for individuals and businesses with liquidity problems, so they can turn their property into cash.
What do I need to get a loan?
We offer loans secured by a property, which means you must own a flat, house or commercial premises in your name to apply for one of our loans. To start the process, we require the property’s IBI (property tax) receipt, an identity document and proof of stable income.
How much money can I receive with a property-secured loan?
At Prestamo Capital you can apply for between €20,000 and €3,000,000, provided the amount does not exceed 30% of the appraised value of the property you offer as collateral.
How long does it take to be granted?
Our priority is to respond quickly to our clients’ needs, so you’ll get an answer from our specialist managers within 24 hours of submitting your application. We carry out a free, personalised study of each situation to offer you the financial product that best suits your requirements. Once the process is approved and you accept the proposal, the documentation is signed before a notary and we transfer the money to your bank the same day.
What interest do these loans carry?
On our loans, interest rates vary depending on the amount, the value of the property and the repayment term. Our private capital loans have a nominal interest rate (TIN) of 7% to 13% (APR/TAE of 10% to 18%).
How long do I have to repay the loan?
At Prestamo Capital we stand out for offering very flexible financial solutions, with repayment terms from 1 to 20 years, so you can pay the instalments comfortably and without affecting your personal finances.
Can I apply for a loan if I’m on ASNEF or RAI?
Yes, unlike other lenders, we don’t take into account whether you’re on the ASNEF or RAI lists. Because we require a property as collateral, at Prestamo Capital we can be more flexible with the conditions of our loans and grant them to all kinds of people.
Can I use a mortgaged property to apply for a loan?
Yes, at Prestamo Capital we also accept properties with a small outstanding mortgage as collateral. The mortgage cannot exceed 30% of the property’s value and the property must be free of other charges.
Can I apply for a loan using a relative’s home as collateral?
Yes, as long as your relative agrees, you can use their property as collateral for the loan. Bear in mind that we’ll ask for both of your identity documents, proof of stable income and the IBI receipt of the property you’ll put up as collateral, and you’ll both need to sign the documentation.
Consolidate debts
What is a debt consolidation loan for?
A debt consolidation loan is the best option for people who have several different debts and want to group them into a single monthly payment. With our private capital loans you can pay off all your other debts with banks or credit cards and only worry about one payment a month.
Can I save money with these loans?
Yes, debt consolidation loans let you organise your debts with different lenders better and also pay less interest. At Prestamo Capital you can choose the repayment term based on your needs and get a lower interest rate with a new loan, saving money every month.
Can I apply for a debt consolidation loan if I’m on ASNEF or RAI?
Yes, at Prestamo Capital we believe in second chances, so if you’re on ASNEF or RAI we won’t take it into account. With our private capital loans you’ll only need a property as collateral and proof of stable income to access the money you need.
RAI or ASNEF
How do I apply for a loan if I’m on ASNEF or RAI?
Many lenders refuse to give loans to people or businesses on the ASNEF or RAI lists, but that’s not the case at Prestamo Capital. Our priority is to offer flexible loans to all kinds of people who have a property as collateral.
What are the requirements?
To access our loans you need: a property as collateral, mortgage-free or with a small outstanding mortgage, an identity document and proof of stable income. At Prestamo Capital we can grant loans of up to 30% of the property’s value.
Can I use this loan to get off ASNEF or RAI?
Yes, our loans are perfect for clearing any debt you have and removing your name from the ASNEF or RAI files. The only way to get off these lists is to pay your debt or wait 6 or 5 years respectively. With Prestamo Capital loans you can get the liquidity you need to pay those debts and finally clean up your credit history.
Businesses and self-employed
Do you offer loans for businesses or the self-employed?
Yes, our private capital loans are also perfect for all kinds of businesses, SMEs or self-employed professionals who have, or can provide, a property as collateral.
What are the requirements?
They’re the same as for personal loans: we’ll ask for a property as collateral, which can be a house, flat or commercial premises, identity documents and proof of stable income. Based on this information, our team of professionals will assess each situation in detail.
What are business loans for?
Our private capital loans can solve many urgent problems or liquidity needs. They’re also ideal for renovating offices or premises, investing in new tools or processes and paying off debts with suppliers.
Accepting an inheritance
What are inheritance acceptance loans for?
In Spain, the taxes, fees and costs associated with accepting an inheritance are very high, which leads many people to turn down an inheritance. With an inheritance acceptance loan you can get the liquidity you need to go through this process and receive what is yours.
Can I use a property I’m going to inherit as collateral?
Yes, you can use this property as collateral and get the liquidity you need. Bear in mind that if there are several heirs, they must all agree to apply for an inheritance acceptance loan with this property.
How long do I have to repay this loan?
At Prestamo Capital we offer terms from 1 to 20 years so you can pay at your own pace and without complicating your finances.
Renovating a property
What can I use a property renovation loan for?
Our mortgage-backed loans are perfect for renovating any flat, house or commercial premises. If you’ve inherited a house, bought your first home, acquired a summer house or want to set up premises for your business, this type of loan is what you need.
Do I have to declare what the money will be used for?
No, we won’t ask you for any details about the works or renovations before granting the loan. You can use the money for whatever you need: renovating a bathroom, adding an extra room, changing the flooring, buying furniture and much more.
Do I have to use the property being renovated as collateral?
No, it’s not necessary. We only ask for a property in your name as collateral, but it doesn’t have to be the one being renovated. In fact, if you have another property of higher value in your name, it’s always advisable to use it as collateral, as it will give you access to a larger loan.
Can I ask for more money if the property’s value increases?
Yes, if the value of the property you’ve declared as collateral increases, we can assess a larger loan. To do so, we’ll ask for a signed quote for the works or improvements to be carried out and we’ll assess each case individually.
