What documents does a foreigner need to obtain a loan in Spain?

If a foreigner wants to get a loan (e.g., a mortgage) in Spain, the bank usually requires several basic documents confirming identity, income and creditworthiness. The list may vary slightly depending on the bank, but most often the following are needed:

1. Identity documents

• passport or identity card

• NIE number (Número de Identificación de Extranjero) – the mandatory identification number for foreigners in Spain

2. Income verification documents

• employment contract or contract

• recent pay slips (e.g., from the last 3–6 months)

• tax returns (e.g., PIT for the last 1–2 years)

3. Financial documents

• bank statements for the last 3–6 months

• credit history from the country of origin (e.g., BIK report from Poland)

4. Additional documents (sometimes required)

• preliminary purchase agreement for the property (if it’s a mortgage)

• certificate of residence or stay

• an open account with a Spanish bank

Important conditions for foreigners

• the bank usually finances about 60–70% of the property value

• you need a 30–40% down payment + approx. 10–15% for taxes and fees