Secured loan agreement
It's a loan agreement backed by collateral: a pledge on movable property or a mortgage on real estate. If the borrower doesn't pay, the lender can enforce that collateral to collect. It gives you far more security than a plain loan. A mortgage, on top of that, is recorded at the registry.
Requesting a quote doesn't commit you to anything
- You tell us about your case. It's free.
- We send you the price in writing, within 1 to 3 hours.
- You decide. If it works for you, we start. If not, you delete it with one click and pay nothing.
No one will pressure you. Your information is used only for your case.
Is it for you?
If any of these sounds like you, this procedure is for you.
- For anyone lending a large sum who wants to secure repayment with an asset as backing
- For anyone borrowing who offers collateral to get better terms
- For pawnshops, finance companies, cooperatives and private lenders, with our Financial Partners Program volume agreement
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Review of the loan terms and the asset offered as collateral.
- Drafting of the loan agreement and the collateral, pledge or mortgage, with the enforcement terms and interest within the law.
- Scheduling of the appointment at the notary office.
- Support during the authentication.
- Guidance on registration if the collateral is a mortgage.
Does not include
- The appraisal of the asset given as collateral.
- The official registry fee for the mortgage, which is paid separately.
- Court enforcement of the collateral in case of default, which is a separate service.
- The official notary fee, which is paid separately based on the number of pages.
Add to your procedure
Check it and we include it in your quote. You decide at the end.
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 5.
- The lender's and the borrower's details, cédula (Venezuelan ID card) or RIF (Venezuelan tax ID)
- The amount, term, repayment terms and interest
- Identification of the asset given as collateral and its title document
- And, if it's real estate, the details for recording the mortgage
- The parties sign in person before the notary
How the process works
You do very little. We take care of the rest. The whole process: on average, 3 to 5 business days.
- Step 1
You tell us about the collateral
You give us the loan terms and the asset you'll put up as collateral.
You do this - Step 2
We draft
We prepare the loan and the collateral, whether a pledge or a mortgage.
We do this - Step 3
You sign
We schedule the appointment, confirm the cost, and the parties sign before the notary.
You do this - Result
Done
We hand you the document and, if it's a mortgage, we handle its registration.
You receive it
We draft the loan and the collateral (pledge or mortgage), the parties review it and we coordinate the signing. If the collateral is a mortgage, it's recorded at the registry afterward.
What it costs and how to pay
There are two separate payments, and we want you to see them clearly.
Our fee: we do all the work for you.
The official notary fee. It goes straight to the agency, and we give you the exact amount, with its receipt, before you pay anything.
How you pay: You pay once, when we start. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment has two parts, and we tell you about each one separately. Our base professional fee, from $70, for drafting the loan and the collateral and handling the authentication; if you lend or finance on a regular basis, our Financial Partners Program agreement applies, with a preferred rate based on your volume
The official notary fee and, if it's a mortgage, the official registry fee. Official amounts are paid in bolívares Your lawyer gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if I lend a large sum without collateral?
If you don't get paid, you're left with a long lawsuit against someone who may no longer have anything. With a pledge or a mortgage, you have a specific asset to collect from.
Which is better, a pledge or a mortgage?
It depends on the asset: a pledge for movable property, a mortgage for real estate; the mortgage is stronger, but it's recorded at the Registro Inmobiliario.
How much does it cost?
The professional fee, from $70, covers the loan and the collateral drafted together and their authentication; the official notary fee is separate, as are the official registry fee for the mortgage and the appraisal of the asset.
Is there a cap on interest?
Yes, going over it is usury, which is a crime.
Do you have an agreement for pawnshops?
Yes, the Financial Partners Program.
About this procedure
A secured loan takes the loan agreement to the next level of security: on top of the obligation to repay, it puts collateral on a specific asset that answers for the debt. There are two main types. A pledge covers movable property (a vehicle, machinery, jewelry, merchandise), and it's the typical tool of pawnshops. A mortgage covers real estate and carries the most weight, although it has to be recorded at the Registro Inmobiliario (Real Estate Registry) to take full effect against third parties. The advantage for the lender is huge: if the borrower doesn't pay, you're not left with a mere piece of paper you have to collect on through a long lawsuit, but with an identified asset you can enforce. That's why it's the preferred tool for large loans. We draft both the loan and the collateral, making clear which asset secures the debt, how it's valued, how it's enforced in case of default and, as always, with interest within legal limits so you don't fall into usury, which is a crime. We coordinate the authentication before the notary, a public official, and if the collateral is a mortgage, we handle the registration for you. And if your business is lending or financing with collateral, like pawnshops and finance companies, this is your day-to-day: that's why we offer our Financial Partners Program agreement, with a preferred rate by volume.
Legal framework and important notes
Ley de Registros y Notarías (Registries and Notaries Law) · Código Civil (Civil Code)
- Collateral is what turns a loan that's hard to collect into one backed by an asset; but it only works if it's properly set up and, in the case of a mortgage, recorded
- Watch the interest. Always within the law; usury is a crime
- When the borrower pays, don't forget to release the collateral
- And if your business is lending with collateral, ask about the Financial Partners Program
We guarantee our service, not what the agency decides. If something depends on them, we tell you clearly and in time.
Is your case different?Ask us, message us on WhatsApp or book a free consultation. A real person answers you.