Loan for companies
Loan for legal persons enables companies to expand easily their circulating capital, make additional investments into production or to amplify current investments. To apply for the loan no business plan has to be submitted. The loan collateral is immovable property (commercial property as well as houses, apartments, land and summer cottages), but in some cases we also require additional guarantee from the members of the management board or owners.
Loan is repaid either by equal monthly payments (annuity schedule) or based on flexible payment schedule, by which interest has to be paid monthly, but the loan sum is repaid at the time chosen by you.
Advantages of Loan for Companies
Use of loan is not limited
No need to submit business plan
Collateral can be also previously mortgaged immovable property
Flexible conditions
Loan Conditions
Loan amount starting from 1,000 euros
Time limit up to 15 years
Loan amount up to 50% the market value of collateral
We accept II or III rank hypothec
Interest rate from 2 % per month
Documents Required for Application
- Loan application (fill out here or at our agency)
- Document proving ownership of collateral property (Contract of Purchase and Sale, Heritage act, Gratuitous Contract, etc.)
- Identity document (passport or ID-card) of the Member of Management Board
- Valuation statement of collateral property in case it exists (if there is no statement, the collateral is evaluated by Kagu Invest expert for free)
- Decision of company’s qualified governing body (management board, council or shareholders) about taking a loan and mortgaging immovable property.
- Company’s balance sheet and income statement of the past 6 month (if necessary can be ordered also electronically by the customer service assistant of Kagu Invest)
- Company’s constitution (if necessary can be ordered also electronically by the customer service assistant of Kagu Invest)