Loan for the
Self-Employed

The main requirement is to have a property to guarantee the loan. This property can belong to you or someone else – what´s important is that the owner/s agree to sign for the loan. The property should be mortgage-free, or if it has a mortgage then it should be relatively small compared to total property value.

You also need to check your declared income – but this does not need to be from a fixed contract or monthly salary. Many Suitaprest clients are self-employed with irregular incomes from different projects.

At Suitaprest we ask only the necessary documents! Once we have IBI of the property and proof of your identity (e.g. DNI) we can begin the process. In some cases other documents can be required, but it would vary case by case.

As a self-employed you will need to demonstrate your income via tax returns or other official record of declared income.

Yes! At Suitaprest we support entrepreneurs, so this is not a problem for us. The requirements are exactly the same for you as any established business.

Yes, you can use a property with an outstanding mortgage – as long as the remaining mortgage is less than 30% of the value of the property. In some cases, we also accept properties with larger mortgages, but a finance manager needs to review your individual case to confirm if this is possible.

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.

No, you do not. 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.