Acceptance of an inheritance is the act by which a person agrees to receive movable or immovable property from a deceased. In these cases, both goods and property and debts are accepted. The acceptance of inheritance carries a series of administrative expenses and inheritance taxes. Until all these payments are made, the property, whether real or economic, cannot be inherited.
What are inheritance loans?
Inheritance loans serve to be able to meet all the expenses that inheritance entails and thus not have to give up your family’s assets and property.
Many people have to end up giving up the property they have to inherit for not being able to meet all these payments. Thanks to inheritance loans, you can access the amount you need in advance, meet all payments and inherit without having to worry about it any more.
How does the loan process to accept inheritances work?
The process of applying for a loan to accept an inheritance is usually not much different from that of another loan application. The requirements to be met will be the same as in any other loan: demonstrate a stable source of income, have a clean credit history, not appear in delinquent files, etc. Normally checking all this documentation usually takes a while, although it will depend on each bank.
The process to apply for an inheritance loan is very simple. You can make the request through our online form or by phone. In less than 24 hours from the request we will present you a proposal for your specific case. When you accept it, an appraiser will appraise the presented property and we will schedule to sign it before a notary. You will receive the money in your account the same day of signing, without the need to change banks.
Is it possible to ask for an inheritance loan without collateral?
Depending on whether you request the loan from a traditional bank or a private financial institution, you may be asked for extra guarantees or not. Most banks tend to be very strict with the requirements for granting loans and this means that in the event of not complying with them, extra guarantees are requested. In this article you can see these requirements more widely.
The essential requirement is that you own a flat, house or premises. Its appraised value is sufficient guarantee so that you can access our inheritance loans. So we will not give importance to your credit history or the fact that you have a payroll or not, for example.