Mortgage loan (advance) for companies
with collateral in kind
Do you need additional funds that you can use for your company’s day-to-day operations, fulfilling contracts or paying off other obligations?
Take a mortgage loan at PragmaGO – up to PLN 10 million in the form of a revolving limit. We will transfer the money directly to your business account, and you will spend it on your business needs.
funding limit
calculated in arrears
decision
Mortgage loan for companies step by step
Is your company facing a unique opportunity, but you lack the resources to take advantage of it?
Find out how simple it can be to get the funds you need to grow your business.
Mortgage loan in a nutshell
Up to 360 days to repay the loan
We will set the final repayment date together – to give you exactly the time you need.
Free early repayment
You can repay the mortgage loan at any time without incurring additional costs.
During the term of the contract, it costs nothing to access the limit
We do not charge a fee for maintaining the limit. You only pay for the portion of it that you actually use.
Low initial fee
The upfront fee is only 0.5% to keep you running unencumbered.
Who can benefit from a mortgage loan?
A mortgage loan with in-kind collateral is a way to quickly raise funds for business development. It is a particularly attractive form of financing for sports clubs, importers and developers.
Questions and answers
What documents should be prepared for the application?
When applying for a mortgage loan, be prepared:
- current financial statements,
- Bank statements for the last 6 months in .pdf format,
- JPK_VAT files for the last 6 months in .xml format,
- security proposal with an appraisal issued no earlier than 6 months before the date of application.
Remember, too, that we will need to check your company with the BIK – we will ask for your permission for verification before we establish cooperation.
What determines how much of a mortgage loan you can get?
The maximum loan you can get is up to 75% of the value of the property designated as collateral for the financing – if the mortgage is in the first place.
If the mortgage is in second place, the maximum loan amount is 65% of the value of the property.
When is it not possible to get a mortgage loan?
While we try to make our services as accessible as possible, we cannot provide financing to everyone. A mortgage loan cannot be used by companies that:
- operate in the market for less than 24 months,
- want to purchase fixed assets – here the exception is the development industry,
- They want to pay off cheaper debt financing in this way,
- want to use the funds raised to pay off public-private arrears.
What in-kind collateral is excluded?
We do not allow you to secure a mortgage loan with:
- agricultural and forestry properties,
- wooden properties,
- castles, palaces, mansions, forts and other properties listed in the register of monuments or under the supervision of the conservator,
- power plants and solar farms,
- Windmills and wind power plants,
- Plots without development conditions or not covered by the Municipal Land Use Plan,
- Sawmills, mines, gravel pits, sand pits, quarries, etc.
What are the costs of a mortgage loan?
The amount of the commission is determined on a case-by-case basis based on risk, with the rate starting at 1.5% per month of the loan.
In addition, the user of the service pays an initial fee (preparatory commission), the amount of which starts at 0.5% of the amount of the granted limit and is also determined individually.
It doesn’t cost anything to repay the loan early – those using a mortgage loan can pay it off in full at any time during the contract.
The granted limit is not the amount of the loan – you can use any part of the granted limit, and it is on the used amount that we will charge the commission. So if we grant your company a limit of PLN 2,000,000, and you use only PLN 500,000, we will charge a commission on the amount of PLN 500,000.
Can I change the limit during the contract?
Circumstances have changed and the current limit you are using is too low? That’s not a problem – just log in to the Client Zone and apply for a change in the amount of financing. This will allow you to easily increase the available limit amount and implement all your company’s plans.
How do I pay off my mortgage loan?
You can repay the loan in part or in full at any time by transferring the funds to the account number specified in the contract. We do not divide repayment into installments – you can make repayment in full just before the expiration date, or you can divide repayment into parts according to your needs.
Where will the entry appear in the Land and Mortgage Register of the property securing the loan?
The entry on the collateral for the loan should appear in Division IV of the Land and Mortgage Register – in the same place as the mortgage. We do not use entries in the form of a transfer of ownership or authorization of transfer.