Loan for
accepting an inheritance
Liquidity to accept a family inheritance
Inheritance acceptance loan: what exactly is it?
Unfortunately, in Spain it’s very common for heirs to turn down an inheritance. This is because many people can’t afford the associated costs and taxes.
Accepting an inheritance requiresa large amount of money to pay the taxes, lawyers, notaries and other formalities required during the succession.
One of the alternatives to avoid giving up what’s rightfully yours is to take out an inheritance advance loan secured by a mortgage. This loan will give you the liquidity you need to accept the family legacy.
With a property as collateral you can receive the money you need to cover these costs, and then repay it in comfortable instalments once it’s all over. We offer you private capital loans that are safe and fast, so you can continue with the formalities without delay.
Who can apply for a loan to accept an inheritance?
Anyone with a flat, house or commercial premises in their name can apply for one of our inheritance loans. If you don’t have a property in your name, you can put forward that of a friend or relative who wants to help you. You can also use a property you’re going to receive in the inheritance as collateral.
Formalities, timeframes and taxes
We know that in these cases speed is essential. That’s why at Prestamo Capital we make sure you get an answer as soon as possible. Within 24 hours of receiving your application we’ll contact you to analyse your case.
From you, we’ll only ask for the necessary documentation and for you to sign the contract before a notary. On an inheritance advance loan there is no associated tax. You’ll only pay the loan interest: a nominal rate (TIN) of 7% to 13% (APR/TAE of 10% to 18%).
What are the advantages of inheritance loans?
Although not always necessary, inheritance acceptance loans are increasingly common. This financial product lets you start the succession process without affecting your personal finances.
With mortgage-backed loans you gain liquidity quickly and safely, to cover all the costs involved in accepting an inheritance in Spain.
Advantages for heirs
One of the main advantages of an inheritance acceptance loan is that you can obtain liquidity quickly and easily, without having to touch your savings. It’s a great alternative for paying all the costs during the succession process and then recovering the money from the inheritance.
Advantages for the transferor in the case of inheriting during their lifetime
Costs are often so high that heirs can’t afford them and have to turn down the inheritance. That’s why many people choose to pass on their estate during their lifetime, to make sure the process is less complex. In this case, inheritance loans are perfect for paying the costs of these formalities and easing the financial burden on the heirs.
How does an inheritance acceptance loan work?
We want the inheritance acceptance process to be easy, fast and free of financial complications. That’s why we have liquidity solutions so you can cover the costs and complete the formalities as soon as possible.
Our aim is to offer flexible loans adapted to each client’s financial profile, so that you don’t have to turn down your inheritance for lack of liquidity. Here’s the step-by-step process for getting an inheritance acceptance loan with Prestamo Capital.
Loan application
You send your application together with all the necessary documentation: DNI, proof of stable income and the property’s IBI receipt.
Analysis and study of your situation
Our team will analyse your situation and give you an answer within 24 hours of sending your enquiry. This first study is completely free and with no obligation.
Offer
We make an offer based on the amount you request, the property’s value and your particular situation. Prestamo Capital’s main goal is to offer financial solutions tailored to you.
Valuation
To determine how much money you can apply for, we appraise the property used as collateral and offer a percentage of its value.
Notarial advice
Our team includes professionals from every field so you can resolve all your questions. You’ll also have a manager at your disposal throughout the process.
Signing the loan
Once negotiations are complete, we sign the loan documentation before a notary. You’ll get the money on the day of signing, in the bank account you indicate.
Why choose our loans?
Answer within 24 hours
Within 24 hours you’ll have an answer from our managers and can start the process.
Fast and transparent
We are a fintech specialising in immediate, professional financing.
With ASNEF
Apply for our mortgage-backed loans even if your name is on ASNEF.
Tailored to you
We tailor the loan to your requirements and needs, with repayment terms of up to 20 years.
Frequently asked questions about inheritance loans
What is inheritance acceptance?
It’s a mortgage-backed private capital loan. With this loan you obtain liquidity to pay the costs associated with accepting an inheritance.
What costs are involved in accepting an inheritance?
Any inheritance process generates costs associated with taxes, formalities, notaries, agencies, lawyers and more. Depending on the Autonomous Community you’re in, the taxes will be higher or lower.
These costs include Inheritance and Gift Tax and the Municipal Capital Gains Tax (Plusvalía), among others. And bear in mind that if the deceased had debts, these will also form part of the inheritance and you’ll have to take care of them.
Can I use the inherited house to apply for the loan?
Yes, if you’re going to inherit a property free of charges or with a small outstanding mortgage. In this case you can use it as collateral for our loans. If there’s more than one heir to the same property, they must all agree.
Is it possible to apply for a mortgage-backed loan to pay for an inheritance?
Yes, to access our inheritance loans you only need a property as collateral and proof of stable income.
How much money can I get with an inheritance acceptance loan?
Depending on the value of the property you use as collateral, we can offer loans from €20,000 to €3,000,000.
If there are several of us heirs, can we still apply for the loan?
Yes, you can apply for a loan by putting up the house you’ll inherit as collateral, and all the heirs must sign the documentation.
Do I need to make any payment up front?
No, at Prestamo Capital we won’t ask you for any advance payment. During the process you can choose the repayment terms that are most comfortable for you. We offer 10 to 20 years, and you start paying the first instalment 1 month after you receive the money.
How long does it take to receive a loan to accept an inheritance?
After you send the loan application from our website, our managers will reply within 24 hours to start the process. You’ll receive the money on the day the contract is signed.
What documents do I need to present to apply for the inheritance acceptance loan?
Unlike a bank, at Prestamo Capital we’ll only ask for the documents needed to assess your case. To start, you’ll need your DNI, proof of stable income and an IBI receipt for the property you’ll use as collateral.
Can I apply for a mortgage loan to pay for an inheritance if I’m on ASNEF?
Yes, you can apply for an inheritance loan even if you’re on the ASNEF file. Because we offer mortgage loans, we can be more flexible with our conditions.
What happens if I can’t pay the deceased’s loans?
If the holder of a personal loan dies, the debt passes to the heirs. In these cases, an inheritance loan is a good option, as with this money you can pay the succession costs and the outstanding debts.
How can I finance accepting an inheritance?
To finance an inheritance, the best option is to use the property to be inherited as collateral for a mortgage loan. With an inheritance acceptance loan you can turn your future property into cash today.
