´Private Capital´ simply means that the money we lend belongs to individual investors, rather than institutional investors such as a bank. Private capital Mortgage Lenders are regulated and authorized by the Bank of Spain according to different directives to the traditional banks.
Private Capital
Loan
The alternative financing
you have been looking for
Don’t let a lack of capital hold you back from your goals, projects or business venture plans.
Private capital loans are an alternative and innovative solution for people who can’t get the funding they need from the traditional banking sector. With this loan you can borrow up to €300.000 with different repayment periods and monthly instalments depending on your individual case.
This product offers a lot of flexibility and can be adapted to each client’s specific needs and projects.
Don’t let a lack of capital hold you back from your goals, projects or business venture plans.
Our private capital loans are an alternative and innovative solution for people who can’t get the funding they need from the traditional banking sector. With this loan you can borrow up to €300,000, with different repayment periods and monthly repayments depending on your individual case.
This product offers a lot of flexibility and can be adapted to each client’s specific needs and projects.
Benefits of Private Capital Loan
Alternative solution
We have solutions for clients that, for a number of reasons, are not eligible for loans from the traditional banking sector.
Expert management
Our managers have degrees in finance and/or law and have many years´ experience in the banking sector.
Speed
We can process the loans with more flexibility and in less time than traditional banks.
Without changing bank
Just provide us with your bank account details and you’ll receive the money – no need to change bank.
Benefits
Alternative solution
We have solutions for clients that, for a number of reasons, are not eligible for loans from the traditional banking sector.
Expert management
Our managers have degrees in finance and/or law and have many years´ experience in the banking sector.
Speed
As we are not a bank, we can process our loans with more flexibility and in less time than traditional banks.
Without changing bank
Just provide us with your bank account details and you’ll receive the money – no need to change bank.
Our managers are qualified in finance and/or law and have all the knowledge needed to assess your case regarding our mortgage-backed loans.
Often we give up on our projects or goals because we don’t have the required funds when they´re needed. At Suitaprest, we believe anything is possible. A temporary lack of capital should not hold you back from pursuing and achieving your dreams. So, don’t delay! Get in touch and receive a free, personalised quote.
Our managers are qualified in finance and/or law and have all the knowledge needed to assess your case regarding our mortgage-backed loans.
Often we give up on our projects or goals because we don’t have the required funds when they´re needed. At Suitaprest, we believe anything is possible. A temporary lack of capital should not hold you back from pursuing and achieving your dreams. So, don’t delay! Get in touch and receive a free, personalised quote.
How do we work?
bank account on
the same day
Frequently asked questions
What are the benefits of Private Capital?
Private capital lenders can generally be more flexible than traditional investors such as banks. Banks have an important responsibility to protect their customers´ funds, so they are more risk-averse when they assess potential borrowers.
On the other hand, private capital lenders can issue loans to customers that traditional banks turn down.
What are the downsides of Private Capital?
The main downside for a customer (borrower) is that private capital loans are more expensive than traditional bank loans. Typical interest rate for a private capital loan in Spain is 10-13%, plus opening fee or commission.
This is because the lender is accepting a ´higher risk´ borrower, as defined by traditional banking criteria.
What is required to get a private capital loan?
The main requirement is to have a property to guarantee the loan. This property can belong to you or someone else – the important thing 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 demonstrate your declared income – but this does not need to be from a fixed contract or monthly salary. For example, many Suitaprest clients are self-employed with irregular incomes from different projects.
Do I need to pay anything upfront?
No, you di 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.
How long does it take to grant the loan?
Once we receive your application, within 24 hours we will let you know whether we can offer you the loan based on your circumstances.
The law requires mortgage-backed loans to be signed twice, in the presence of a notary, with 10 days between the two appointments in most of Spain and 14 days in Catalunya. This is a legal requirement which sets a minimum timeframe for our processes for loans issued to individuals.
IMPORTANT: If another intermediary or lender offers you the same kind of loan in a shorter timeframe, it means they are breaking the law.
The loan amount is transferred to your bank account the same day you have the second notary appointment, immediately after the contract has been signed.