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Debt Consolidation Loan

Consolidate your debts and
pay less every month

15.000 €

If you have several outstanding loans, consolidating them into a single one can enable you to reduce your monthly payments and better organise your finances.

Debt consolidation is the ideal solution for those who are tired of paying several monthly instalments with different interest rates or want to refinance their current loans.

Different types of loans can be consolidated. For example mortgages, credit cards, bank or personal loans. With only one monthly instalment, you have only one payment date and only one interest rate. This, in turn, helps you to better control your finances.

Benefits of Debt Consolidation

Monthly Savings

By refinancing your loans, you can lower your monthly repayments and save every month.

Reduce interest

In many cases you can reduce the interest on your loan, for example if you pay off credit card debts.

More convenience

You won’t need to keep track of different payment dates or stay in touch with lots of different entities at the same time.

More flexibility

We offer financing options of up to 20 years, with a possible grace period of up to 10 years.

Benefits

Monthly Savings

By refinancing your loans, you can lower your monthly repayments and save every month.

Reduce interest

In many cases you can reduce the interest on your loan, for example if you pay off credit card debts.

More convenience

You won’t need to keep track of different payment dates or stay in touch with lots of different entities at the same time.

More flexibility

We offer financing options of up to 20 years, with a possible grace period of up to 10 years.

At Suitaprest we are debt consolidation experts with many years of experience in finding solutions tailored to each client.

Our finance managers have degrees in finance and law, and will assess each situation individually according to your needs and priorities.
If you have a property that can be used as a guarantee for a loan, get in touch to learn about your options. You can request a personalised, free, no-obligation quote.

At Suitaprest we are debt consolidation experts.

Our finance managers have degrees in finance and law, and will assess each situation individually according to your needs and priorities.
If you have a property that can be used as a guarantee for a loan, get in touch to learn about your options. You can request a personalised, free, no-obligation quote.

How do we work?

Frequently asked questions

How does debt consolidation save me money?

Firstly, many personal loans and credit cards have very high interest rates. Paying off all these debts with a single lower-interest loan means you can reduce the interest you pay every month.

Secondly, the process of consolidating your debts usually means you can extend your loan terms. This allows you to pay lower monthly repayments and means you have more money left at the end of each month.

What do I need to get a loan?

You need a mortgage-free property (or one with a small outstanding mortgage) to be eligible for a loan. In addition, you must provide proof of minimum income – but this does not need to be a salary. For example, you could provide rent payments, pensions and other proof of income.

Do I have to own the property I use as collateral?

No, you do not need to own the property. For example, you can use the property of a relative or friend, as long as they agree to mortgage the property to act as a guarantee of your loan. The owner/s will also need to come to the notary, and sign for the loan alongside you.

Can I repay the loan early?

Yes, you can repay your loan at any time and at no extra cost.

In fact, many clients use these loans as a short-term solution to bridge a financial gap. They use the cash to repay existing debts and better organize their finances. Once this is done, their ´financial profile´ improves in the eyes of traditional lenders – which means they can get a bank loan, use it to cancel the loan acquired via Suitaprest – and return to mainstream finance providers. This is a very common situation, and we frequently help our clients in this process.

Do I need to pay anything upfront?

No, you don´t. Having your case assessed is completely free of charge and there is no obligation to take out a loan. You will only start to pay once you have received the loan payment in your current account.

Can I get a loan if I am on the ASNEF list?

Yes, you can. Most lenders – especially traditional banks – do not issue loans to people who are on defaulter lists such as ASNEF or RAI. This is because they believe clients with such profiles are at a higher risk of not paying their instalments.

At Suitaprest, we collaborate with private capital finance providers that offer mortgage-backed loans. With this additional guarantee, the lenders can be more flexible because the property itself acts as the loan guarantee.

Your opinion matters

Really good service, everything well explained. They helped me a lot and I never felt under pressure. They were very patient with me in explaining things. Thank you!

Piros, Madrid

All good. I used it as a ‘bridge’ loan – it helped me to clean up my debts and then I paid it off when my bank approved my application for a loan with a lower interest rate.

Carla, Valencia

Very professional, they explained things to me that I didn’t know about debt consolidation – it’s clear that they are experts. Now I’m paying less every month.

José Luis, Málaga

Why choose us