How to Get a Loan of More than €10,000
If you are looking for a loan greater than 10.000 €, you need a solution that fits your needs and offers you the best conditions.
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In Spain, there are several modalities and financial entities that offer loans adapted to large projects, such as the purchase of a house, expansion of a business or important renovations.
In this article, we will explore the most common modalities, the best institutions, tasks, requirements, and links so that you can make the best decision.
Loan Types for More than €10,000
1. Mortgage Loans
- Description: Designed to finance the purchase of a home, major renovations or even refinancing existing mortgages.
- Purpose: Residential homes, second homes, commercial properties.
- Conditions:
- I mount: Up to 80% of the property tax value.
- Deadlines: Up to 30 years.
- Tariffs: Fixed, variable or mixed types (from 1.5% TIN).
2. We offer guaranteed loans
- Description: Offers high mounts with lower costs to support the loan with good as inmuebles or vehicles.
- Purpose: Large personal or corporate projects.
- Conditions:
- I mount: From €10,000 upfront, depending on the value of the product.
- Tariffs: From 3% TAE.
- Requirements: Present the good deed as a guarantee.
3. Personal Loans for Large Projects
- Description: Designed for those who need financing without specific guarantees, but with good payment capacity.
- Purpose: Studies, undertakings, or large-scale events.
- Conditions:
- I mount: Up to €75,000.
- Tariffs: From 6% APR.
- Deadlines: Up to 96 months.
Comparison of Institutions for Loans of More than €10,000
| Institution | Modality | I mount | Deadline | Approximate APR | Requirements | Request |
|---|---|---|---|---|---|---|
| BBVA | Mortgage | Up to 80% of the value of the property | Up to 30 years | From 1.5% | Property tax, stable tickets | Request here |
| CaixaBank | Personal Loan | Up to €30,000 | Up to 96 months | From 5,95% | Domiciled name and stable financial profile | Request here |
| Cofidis | With Guarantee | From €10,000 | Up to 72 months | From 4,95% | Guarantee that the vehicle will be undamaged | Request here |
| ING | Mortgage | Retains the 80% of the value of the property | Up to 25 years | From 1,69% | Residence in Spain, minimum income proven | Request here |
| Openbank | Mortgage and personal | Up to €24,000 | Up to 84 months | From 5,06% | Residence in Spain, stable tickets | Request here |
What Do You Need to Know Before Requesting a Loan of More than €10,000?
1. Compare Types of Interests
- Fixed: Maintain the same budget throughout the entire period, ideal for those seeking stability.
- Variable: It adjusts with the Euribor, with quotas that can increase the decline.
- Mixed: Combines an initial fixed period with one variable.
2. Common Documentation
- Identity Document (DNI/NIE).
- Recent bank statements.
- Justification of income: name, declaration of income or business benefits.
- Property tax in the case of mortgages.
3. Simulation and Total Cost
Before choosing, use online simulators to calculate the installments and the total cost of the loan. Remember to compare TIN and TAE to identify the most economical option.
Advantages of Requesting a Loan of More than €10,000
- High Mountains: Allows you to finance large projects or significant purchases.
- Custom Conditions: Especially in mortgages and guaranteed loans.
- Wide spaces: Facilitate more affordable quotas in the long term.
Steps to Request a Loan of More than €10,000
- Define the Modality: Decide if you need a personal loan, guaranteed by the mortgagee.
- Compare Options: Use tools like simulators to find the best offer.
- Send the Request: Complete the form online or visit a bank branch.
- Receive the Answer: Once approved, the money will be deposited in your account.