Loan agreements and credit facilities
Individuals and companies often need money to fulfil their dreams or projects. This can be obtained by taking out a loan or credit facility with your bank. When you sign, it is essential to understand the details properly to avoid future surprises.
JLA Notarios can be your trusted notary office, giving you accurate advice on loan contracts, providing a very agile and specialised service for processing loan contracts.
Bear in mind that from 9 November 2023, you will be able to sign your loan contracts from anywhere in Spain electronically by videoconference with JLA Notarios, saving you time and money. Do not hesitate to contact us to find out more about the notary office’s services in order to sign a loan contract online or sign a credit facility online.
Loan agreements and credit facilities
These are commercial documents in which an agreement is formalised that forms part of ordinary economic business of commercial entities, mainly banks. This type of document does not include real estate agreements.
- ID card, passport, residence permit or foreigner identification number (NIE) of the persons who will sign the agreement.
- In the event that a company intervenes, certified copies of their public deed of incorporation and of the deed confirming the powers of the person who will go to the notarial office, and the deed of beneficial ownership.
- In some cases, the decision of the shareholders meeting authorising the operation may be necessary.
El coste de las pólizas notariales está fijado por la ley en el arancel notarial. Tiene en cuenta varios aspectos como el importe de la póliza, el número de folios de la póliza, si firman todos los titulares de la póliza o solo algunos y si hay garantías o no.
Si necesita presupuesto personalizado o agendar cita para firmar una póliza en Notaría puede escribirnos al mail polizas@jlanotarios.com. Todo el equipo de JLA Notarios estaremos encantados de ayudarle en la gestión de su póliza.
Loan agreement
A notarial loan agreement is a notarised document that describes a loan extended by a bank to a natural person or a company.
Loans must be formalised by a Notary Public when this is requested by the bank extending the loan.
To formalise a notarial loan agreement, you will need to go to the office of a Notary Public. The bank’s representative may either accompany you or go to the office at a later time. The following documents are required:
- Identity document, Passport, Resident’s Permit or Foreigner Identity Card of the person/s signing the agreement.
- If the party receiving the loan is a company, they must provide the company documents. However, we can check them with the Business Registry from the Notary Public’s office.
- You must provide the loan document or send it by email.
You may come to our office during our office opening hours to sign the agreement and we will be happy to assist you, but it is advisable to make an appointment first.
The fees for notarial loan agreements are established by law based on a service charge system, and they depend on factors such as the amount of the loan, the number of pages and whether or not there is collateral, among others.
If you need a quotation or would like to make an appointment to sign a notarial loan, please contact us at polizas@jlanotarios.com.
Credit facility agreement
A notarial credit facility agreement is a notarised document in which a company or a self-employed worker is offered the option of using funds that a bank places at their disposal.
A fee is charged for the funds used, which is set out in the credit facility agreement, and a different fee is charged for the unused portion of the facility, which is known as the commitment fee.
To formalise a notarial credit facility agreement, you will need to go to the office of a Notary Public. The bank’s representative may either accompany you or go to the office at a later time. The following documents are required:
- Identity document, Passport, Resident’s Permit or Foreigner Identity Card of the person/s signing the agreement.
- If the party receiving the credit facility is a company, they must provide the company documents. However, we can check them with the Business Registry from the Notary Public’s office.
- You must provide the agreement document or send it by email.
You may come to the JLA Notarios office during our office opening hours to sign the agreement, but it is advisable to make an appointment first.
The fees for notarial loan agreements are established by law based on a service charge system, and they depend on factors such as the amount of the credit facility, the number of pages and whether or not there is collateral, among others.
If you need a quotation or would like to make an appointment to sign a credit facility agreement, please contact us at polizas@jlanotarios.com.
You will find more information about this agreement on our blog:
Notarial finance lease agreement
A notarial finance lease agreement is a notarised document in which a person receives the right to use an asset in return for paying a monthly fee for a certain period of time.
Once all the lease instalments have been paid, the beneficiary has the option of paying a sum and purchasing the leased asset.
To formalise a notarial finance lease agreement, you will need to go to the office of a Notary Public. The representative of the lease company may either accompany you or go to the office at a later time. The following documents are required:
- Identity document, Passport, Resident’s Permit or Foreigner Identity Card of the person/s signing the agreement.
- If the party receiving the lease is a company, they must provide the company documents. However, there is no need to bring these documents, as we can check them with the Business Registry from the Notary Public’s office.
- You must provide the lease agreement document or send it by email.
You may come to the JLA Notarios office during our office opening hours to sign the agreement and we will be happy to assist you, but it is advisable to make an appointment first.
The fees for notarial finance lease agreements are established by law based on a service charge system, and they depend on factors such as the amount of the lease, the number of pages and whether or not there is collateral, among others.
If you need a quotation or would like to make an appointment to sign a finance lease agreement, please contact us at polizas@jlanotarios.com.
Rental agreement
A notarial rental agreement is a notarised document in which the party signing the agreement receives the use of an asset in return for payment of a monthly instalment.
To formalise a notarial rental agreement, you will need to go to the office of a Notary Public. The representative of the rental company may either accompany you or go to the office at a later time. The following documents are required:
- Identity document, Passport, Resident’s Permit or Foreigner Identity Card of the person/s signing the agreement.
- If the party receiving the rental is a company, they must provide the company documents. However, there is no need to bring these documents, as we can check them with the Business Registry from the Notary Public’s office.
- You must provide the rental agreement document or send it by email.
You may come to the JLA Notarios office during our office opening hours to sign the agreement and we will be happy to assist you, but it is advisable to make an appointment first.
The fees for notarial rental agreements are established by law based on a service charge system, and they depend on factors such as the amount of the rental, the number of pages and whether or not there is collateral, among others.
If you need a quotation or would like to make an appointment to sign a rental agreement, please contact us at polizas@jlanotarios.com.
Pledge agreement
A notarial pledge agreement is a notarised document whereby a person guarantees a debt by pledging financial assets. Therefore, if the pledger fails to honour their obligations, the bank is entitled to collect the pledged assets.
Any financial asset can be pledged. The most common pledge agreements are investment fund pledge agreements.
To formalise a notarial pledge agreement, you will need to go to the office of a Notary Public. The bank’s representative may either accompany you or go to the office at a later time. The following documents are required:
- Identity document, Passport, Resident’s Permit or Foreigner Identity Card of the person/s signing the agreement.
- If the party receiving the pledge is a company, they must provide the company documents. However, there is no need to bring these documents, as we can check them with the Business Registry from the Notary Public’s office.
- You must provide the pledge agreement document or send it by email.
You may come to the JLA Notarios office during our office opening hours to sign the agreement and we will be happy to assist you, but it is advisable to make an appointment first.
The fees for notarial pledge agreements are established by law based on a service charge system, and they depend on factors such as the amount of the pledge and the number of pages.
If you need a quotation or would like to make an appointment to sign a pledge agreement, please contact us at polizas@jlanotarios.com.
Reverse factoring agreement
A notarial reverse factoring agreement is a notarised document whereby a bank acts as the manager of payments deferred to suppliers of goods and services. It may also offer finance to both the company and to its suppliers.
To formalise a notarial reverse factoring agreement, you will need to go to the office of a Notary Public. The bank’s representative may either accompany you or go to the office at a later time. The following documents are required:
- Identity document, Passport, Resident’s Permit or Foreigner Identity Card of the person/s signing the agreement.
- It is advisable to provide the documents of the receiving company. However, there is no need to bring these documents, as we can check them with the Business Registry from the Notary Public’s office.
- You must provide the agreement document or send it by email.
You may come to the JLA Notarios office during our office opening hours to sign the agreement and we will be happy to assist you, but it is advisable to make an appointment first.
The fees for notarial reverse factoring agreements are established by law based on a service charge system, and they depend on factors such the maximum amount, the number of pages and whether any additional collateral is provided, among others.
If you need a quotation or would like to make an appointment to sign a reverse factoring agreement, please contact us at polizas@jlanotarios.com.
Factoring agreement
A notarial factoring agreement is a document authorised by a Notary Public whereby a company signs a contract with a factoring company that provides management, guarantee and finance services in return for a fee.
To formalise a notarial factoring agreement, you should go to a Notary’s Office. The bank’s representative may accompany you or go at a later time. The following documents are required:
- Identity document, Passport, Resident’s Permit or Foreigner Identity Card of the person/s signing the agreement.
- It is advisable to provide the documents of the receiving company. However, there is no need to bring these documents, as we can check them with the Business Registry from the Notary Public’s office.
- You must provide the agreement document or send it by email.
You may come to the JLA Notarios office during our office opening hours to sign the agreement and we will be happy to assist you, but it is advisable to make an appointment first.
The fees for notarial factoring agreements are established by law based on a service charge system, and they depend on factors such the maximum amount, the number of pages and whether any additional collateral is provided, among others.
If you need a quotation or would like to make an appointment to sign a factoring agreement, please contact us at polizas@jlanotarios.com.
Discounting agreement
A notarial discounting agreement is a document authorised by a Notary Public whereby a bank promises to advance the receivables due to a company that are not yet due for collection. In exchange for this service, the bank receives a fee.
To formalise a notarial discounting agreement, you should go to a Notary’s Office. The bank’s representative may accompany you or go at a later time. The following documents are required:
- Identity document, Passport, Resident’s Permit or Foreigner Identity Card of the person/s signing the agreement.
- It is advisable to provide the documents of the receiving company. However, there is no need to bring these documents, as we can check them with the Business Registry from the Notary Public’s office.
- You must provide the agreement document or send it by email.
You may come to the JLA Notarios office during our office opening hours to sign the agreement and we will be happy to assist you, but it is advisable to make an appointment first.
The fees for notarial discounting agreements are established by law based on a service charge system, and they depend on factors such the maximum amount that can be discounted, the number of pages and whether any additional collateral is provided.
If you need a quotation or would like to make an appointment to sign a factoring agreement, please contact us at polizas@jlanotarios.com.
