Financing your property on Mallorca.

Perhaps you have already found your property. A finca that just feels right. A house that quietly says yes. That is the moment when many buyers ask themselves the same question: how does financing actually work here?

The short answer. It works. Foreigners finance property on Mallorca without detours. You only need to know what runs differently from home. And plan realistically.

How much does the bank finance?

Spanish banks are more cautious than you may be used to from Germany, Austria or Switzerland. As a non-resident you can expect financing of around 60 % to 70 % of the purchase price. You bring the rest yourself, plus purchase costs of roughly 10 % to 13 %.

That sounds like a lot of equity. It is. But it is honestly calculated and protects both sides.

What is different from home?

A few things run their own way here:

• The bank always has the property professionally valued
• What counts is usually the lower value between purchase price and appraisal
• Income and assets are examined thoroughly

It may feel strict at first. In practice, it makes sure nobody overreaches.

Interest rates and terms

Terms of 20 to 30 years are common. You can choose a fixed rate, a variable rate or a combination of both. Which one fits depends on a single question: do you want to plan long term or stay flexible?

Both are fine. Both are financeable. What matters is that the decision fits your life, not just a spreadsheet.

Which documents do you need?

Please prepare the following:

• Proof of income and tax assessments for the last two years
• Current bank statements and an overview of your assets
• A current Schufa credit report from Germany (or the equivalent from your country)
• Passport and NIE number

The clearer and more complete your documents are, the calmer the process runs.

Run the numbers before you talk to a bank

A look at the full picture is worth it before you contact any lender. How much equity do you really need? What will the monthly rate look like? What do the interest costs add up to over the term?

Built right into every exposé. In every one of our exposés you will find a financing calculator and a purchase cost breakdown by default. No detour, no additional search. You see immediately what a specific property will really cost you.

Our take

Financing on Mallorca is genuinely doable. With clear preparation and the right partners at your side, the path to your property does not feel complicated. It feels calm and coherent.

In the end, only one thing should be in focus: your new home on Mallorca.

We are happy to walk this path with you. We connect you with experienced financing partners who specialise in international buyers on the Balearics. So you can take your next step with confidence.