Documentation necessary to conduct a financing in Brazil

Performing financing

If you bought property in the plant, there will come a time when you will need to finance the debtor to receive the keys balance. And after choosing the bank where you will perform the funding, its Letter of Credit should go out between 15 or 60 days. Everything depends on the agility of the process and approvals from the bank. There is part of the credit approval and other contracting financing.

Credit approval

Simulate at least three banks, including what you are holder. The data at hand show the value that can be funded
Contact an agency to approve the hiring credit and financing
The bank initially asks some documents to prove income such as paychecks, credit card history, evidence of other investments
The bank checks if there is any impediment to financial institutions such as Credit Protection Service (SPC), SERASA and Information System of the Central Bank (Sisbacen).

Procurement of financing

Without any hindrance, documentation about the buyer, the seller and the property is delivered to the bank’s analysis
The property is assessed by accredited engineer the bank to determine the value of buying and selling. The assessment is paid by buyer
Approved documents, contracts are drafted and signed by the buyer’s bank agency
The buyer takes contracts for the Registry of Property and then to the bank, when registered
Registered with the contract, the bank releases the money to the seller of the property. Buyer pays the first installment after 30 day

Documentation necessary funding to hire

The solicitation documents may vary between banks. But in general are required

To approve the credit

RG
CPF
Proof of income, as the profession
Proof of current marital status

For individual seller

RG
CPF
Proof of residence
Proof of current marital status
Joint certificate of Debts on the Federal Taxes

For corporate seller

CNPJ
Company Ltd – Contract and Social Changes, if any, recorded, original and copy
Individual firm – constituent document of the individual firm and changes, if any, recorded, original and copy
Anonymous Society – Social and Minutes of the last Board election status, and the original copy
Simplified Certificate Board of Trade, and appropriate
CRF days – provided by Box
Attorney for Public Instrument, seller or transferor, as the case
Indication of current account to receive the credit

Property Documents

Updated registration and no tax liens and enforcement actions of debt or ownership of property
Copy of a purchase and sale agreement
We recommend proof of no condominium debt if necessary
Property taxes (ditto)
Valuation of the property taken by the financial agent accredited engineer

Buyer to hire the individual funding

RG
CPF
Proof of residence
Proof of current marital status
Joint certificate of Debts on the Federal Taxes