Loans with
mortgage guarantee
Loan with mortgage guarantee
What is a mortgage-backed loan?
A loan with a mortgage guarantee is a financial product aimed at owners of a house, flat or commercial premises with liquidity needs. In these loans, a property you own is put up as collateral to receive up to €3,000,000. Because they use mortgage collateral, these loans have more flexible conditions.
To access a loan with a mortgage guarantee you need a property in your name, mortgage-free or with a small outstanding charge, which will act as collateral. Depending on the property’s value, you can access loans from €20,000 to €3,000,000, repayable over 10 to 20 years.
If you have a property in your name, you can turn it into cash and use it for whatever you want. With a mortgage-guaranteed loan you can access the money you need for any liquidity need such as:
- Consolidating debts.
- Renovating a property.
- Starting a business.
- Making an investment.
- And much more.
At Prestamo Capital we offer mortgage-guaranteed loans that adapt to each client’s needs. We have a team of professionals who assess each situation individually. This way we guarantee financial solutions tailored to your requirements.
How does it work?
Applying for a mortgage-guaranteed loan is very simple. At Prestamo Capital we value speed, flexibility and transparency to provide liquidity solutions to anyone who needs them.
Step 1: apply for the loan
The first step is to contact us through our website or by phone. We’ll ask you for information about the property you’ll use as collateral and how much money you want to obtain.
Step 2: free, personalised study
When we receive your application, our team will get to work to give you an answer in less than 24 hours. In this step we analyse your application to offer you a financial product adapted to your needs.
Step 3: valuation of the house, flat or premises
Once negotiations are complete, we’ll have your property appraised by an approved professional. This determines the exact amount of the mortgage-guaranteed loan.
Step 4: signing the contract before a notary
Once the property’s value is defined, we’ll send you the complete documentation so you can review it. Then we arrange an appointment to sign the contract before a notary.
Step 5: receive your money
On the same day the contract is signed you’ll receive the money in the bank account you indicate, without changing banks. We know that when facing liquidity problems, speed is essential.
What is the difference between a mortgage-backed loan and a mortgage?
Although both are related to homes or properties, a mortgage and a mortgage-guaranteed loan are very different from each other.
A mortgage is the main tool for buying a home, whereas a mortgage-backed loan is for owners with liquidity needs.
With a mortgage you can buy a property, which can be a house, flat or commercial premises, and it is generally offered by banks. These loans are determined by the property’s price and are only intended to pay for the property in instalments.
On the other hand, with a mortgage-guaranteed loan you can use a property in your name as collateral to receive a smaller loan. And this loan can be used for: property renovations, debt consolidation, accepting an inheritance, avoiding seizures and more.
Herein lies one of their main differences: the purpose of the money and the amount. With mortgages, you can only use it to buy a property and you get up to 80% of its value. On the other hand, with a mortgage-guaranteed loan you can get up to €3,000,000 and use the money for whatever you want.
They also differ in their conditions, since with a mortgage-guaranteed loan we’ll only ask you for:
- The title deed of the property used as collateral.
- Your DNI or identity document.
- Proof of stable income.
For these loans, it doesn’t matter if you’re on ASNEF or RAI, and you can access the money you need quickly and easily.
Why choose our loans?
Fast response
Within 24 hours of applying, you’ll receive an answer from our managers.
Flexible financing
We adapt to your needs and offer loans from €20,000 to €3,000,000.
With ASNEF
Access our loans even if your name appears on the ASNEF file.
Flexible terms
With a mortgage-backed loan you can repay the money in comfortable instalments over 10 to 20 years.
“I want to apply for a mortgage-backed private capital loan.” – Frequently asked questions
What are the requirements to apply for a mortgage loan?
These loans are exclusively for property owners, so you need a property in your name to use as collateral. When starting the process, we’ll only ask you for:
- DNI or identity document.
- Title deed of the property used as collateral.
- Proof of stable income (payslip, retirement pension, income, rental income, etc.).
Can I use a mortgaged property as collateral?
Yes, it’s possible only if the property used as collateral has a small outstanding charge. You can apply for a mortgage-guaranteed loan with a property that has a maximum of 30% outstanding.
And what if I don’t have a property in my name?
If you don’t have a property in your name, you can use the property of a relative or friend who wants to help you. We’ll put the loan in your name, but the collateral will belong to your relative or friend.
How much money can I get with mortgage loans?
At Prestamo Capital we stand out for offering financial solutions for different needs. We offer mortgage-guaranteed loans from €20,000 to €3,000,000, depending on the appraised value of the property used as collateral.
How long do I have to repay it?
We value flexibility, so we offer terms of 10 to 20 years so you can repay the money at your own pace. The repayment term also affects the interest on a mortgage loan. We let you choose the option that suits you best.
Can I apply for these loans if I’m on ASNEF?
Yes, at Prestamo Capital we offer solutions for everyone, even if you’re on ASNEF.
Because we offer mortgage-guaranteed loans, we can be more flexible with our conditions. We grant loans to people on ASNEF, unlike banks and other financial institutions.
We won’t ask for extra requirements or money up front. If you have a property as collateral, you can access our loans.
