Applying for a loan with Profunder is designed to be a straightforward, fully online process. We’ll ask you to give us information about your loan application in stages, and at each stage, we’ll validate what you have provided and give you feedback on the status of your application.
Here, we will ask you to provide Profunder with basic information about your loan application, and your contact details.
We’ll validate the information you provide to see if it meets our lending criteria. If it does, we’ll provide you with login details for the Profunder portal and invite you to progress to Stage 2. If it doesn’t, we’ll let you know so you don’t waste time proceeding with your application.
Once you have your login details, you can save and return to your application at any time.
In this stage, we will ask you for headline information about the asset(s) you will be using as security. If this meets our requirements, we’ll provide you with an indicative interest margin range for your loan application.
You will be required to set up a Special Purpose Vehicle (SPV) to proceed with your application. Your accountant or tax advisor will be able to assist you in setting up an SPV.
You’ll be asked to provide in-depth information about your reasons for borrowing and the borrowing entity during Stage 3. This section will take a bit longer to complete, but you’ll know from Stage 2 feedback that you’re on track for a loan approval.
If we successfully verify your information, we’ll be able to issue you with a term sheet. To receive the term sheet, we’ll ask you to pay a fee of €5,000. This fee is fully refundable if you proceed to draw down the loan outlined in the term sheet.
Please note: All our term sheets have a standard fee structure which can be reviewed by clicking here:
After you’ve reviewed the term sheet, if you’re happy to proceed we’ll ask you to accept our loan terms, by signing and returning the term sheet to us electronically.
We’ll ask you to upload a series of documents that we need to verify in order to finalise your loan request. If everything meets our requirements, we should be in a position to issue you with a formal loan offer. This loan offer will contain a number of terms and conditions which must be met to avail of the loan.
Once you have drawn down your loan, you can use your portal login details to view information regarding your loan at any time. You’ll be able to view outstanding balances and interest payment dates etc.
Remember, we’re here to help you through the application form. If you get stuck along the way you can fill in our online contact form (located on the Contact Us page of www.profunder.com), and one of our helpful staff will be in touch.
Profunder takes the safety of your personal data seriously. We have therefore employed the latest technology, including 2nd factor authentication, to protect your online security when using the Profunder portal.