If you need to request a bank or mortgage loan in our country and you do not know the requirements, you do not have to worry. Take note, today we will tell you what are the requirements to apply for personal loans in Spain. Pay attention to every detail because the success of your application depends on it.
First of all, you should know that not all banking entities request the same documents. Some banks or lending companies attach one or two more requirements, plus everything will depend on the type of loan you want to apply for.
Let's get started! If what you want is to buy a car or a home, the right thing to do is to apply for a personal loan. For this you need:
- Being over 18 years
- Carry your passport, ID or valid driver's license.
- Be clear about what you need the money for, and the amount you require. In addition, consider that the amount does not exceed the maximum borrowing capacity.
- Demonstrate solvency.
- Some banking entities request the data of a figurehead, or a person who guarantees your debt in case you cannot pay it.
- You require a request for proof of income.
- If you are self-employed, you must submit a self-employment registration certificate. In addition, attach a copy and original of the social security fee and the latest VAT declaration.
- Copy of the income tax return.
- Employment contract that certifies job stability.
- Be off the RAI or ASNEF delinquent list.
- Under no circumstances should you have unpaid debts.
- Additionally, and depending on the amount, they can request a rental contract, deeds of real estate, along with the affidavit of your assets.
Payment requirements to apply for personal loans in Spain
Once all the aforementioned collections have been entered, and others that are requested once the loan is approved, they may request a bank account where you can direct the payments. In general, they suggest direct debiting the payroll or receipts.
Many entities suggest you take out home or car insurance, this as a way of protecting your property. The truth is that you must be aware of everything that can be requested and be aware of the amounts and the type of loan that they offer you.
Consider that breaking any of the rules can get you into even more debt. So you cannot set aside or ignore commissions and interest on arrears in case you fall behind. The first step you must do is to prioritize the monthly costs of the installments.
Once you organize your finances, you can apply for the personal loan or credit you want. Remember that this is a decision that goes hand in hand with a lot of responsibility. Do not risk falling into default or being included in the list of defaults, because it will be very difficult for you to apply for a credit card.
Do not be alarmed! You can apply for your personal loan successfully.