Conditions for borrowing on PRIMELENING
Your collaborative professional credit
Do you want to purchase a vehicle to develop your professional activity, finance the purchase of equipment or working capital?
PRIMELENING offers you a unique collaborative solution for professional loans.
Borrow at a competitive interest rate with the PRIMELENING professional credit. This allows you to develop your business and spread the repayment of your investment over several months.
What is a Collaborative Professional Loan?
Professional loans provided by PRIMELENING are indirectly financed by private individuals.
They subscribe to financial instruments, Notes, that correspond to the loan. Each loan is divided into several parts, so that a large number of investors can invest the amount of their choice in the professional loan underlying the financial instruments.
Professional loans provided by PRIMELENING are indirectly financed by private individuals. Despite everything, the requested amount will be paid to the borrower immediately after validation of the supporting documents and signing of the loan contract.
The monthly repayment and interest rate are fixed.
For what purpose can professional financing be applied for?
PRIMELENING offers different types of professional credits, adapted to specific needs:
car loan sold by a professional
Lending of equipment and services
working capital loan
PRIMELENING checks for each application the suitability between it and the profile of the borrower, independent or company.
PRIMELENING currently does not offer credits for setting up companies. It is therefore not necessary to submit a business plan or a forecast balance sheet with a credit application.
PRIMELENING offers collaborative professional loans from €5,000.00 to €500,000.00.
The term of these professional loans can vary from 6 months to 300 months.
Professional credit simulation:
The prospective borrower simulates his loan project and receives a projection of the costs, rates and fees. This is an indication at this stage. After submitting a complete application, a final fixed rate will be communicated.
Eligibility:
Based on information provided by the applicant and consultation of public databases, PRIMELENING verifies that the borrower meets the conditions to submit a professional loan application.
The loan application:
Additional information is requested about the situation of the borrower, self-employed or company, and the guarantor.
Result of the demand analysis:
The communicated data is analyzed. The suitability of the loan application, the situation and the needs of the applicant are assessed. If there is sufficient repayment capacity, the request will be approved in advance.
Completion of the application: certain supporting documents must be provided by the borrower and the guarantor. The various contract documents must be digitally signed by all contracting parties.
Final acceptance and payment: when all requested supporting documents have been validated and the contract documents have been signed by all parties, PRIMELENING will pre-finance the loan amount and deposit the agreed amount into the bank account indicated in the application.
Repayment: the monthly amount is automatically debited from the borrower’s account every month. If correct repayments have been made over the entire term of the loan, the borrower benefits from the Perfect Repayment Reward.