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Just Transition Development Loan Fund
Transition to the post-lignite era
The loan is provided through the Just Transition Development Loan Fund, which is managed by the Hellenic Development Bank (HDB) and co-financed by the European Union, through the Just Transition Development 2021-2027 programme.
Discover the features
How much I can get and is it with or without collateral
From €5,000 to €500,000
You can take out a loan from €5,000 to €500,000.
The loan is co-financed:
- 50% by Alpha Bank
- 50% by the HDB
With personal guarantee or other collateral
You provide personal guarantee or other collateral for up to 100% of the loan.
What is the interest rate and what are the fees
50% interest-free loan
You pay no interest and the Law 128/1975 levy for 50% of the loan, which is paid by the HDB.
Floating or fixed interest rate for the remaining 50%
For the part of the loan provided by Alpha Bank you choose a fixed or floating interest rate based on Euribor + spread.
The Law 128/1975 levy, currently 0.60%, is added to the interest rate.
Up to 3% interest rate subsidy for 3 years
For the first 3 years you get up to 3% interest rate subsidy for the interest-bearing portion of the loan.
What are the loan term and repayment method
From 1 to 10 years, depending on the purpose
You repay in:
- 1 to 10 years for an investment loan
- 1 to 5 years for a working capital loan
Repayment based on your plans
You can adapt your loan payments according to your business needs and cash flow. You pay:
- In instalments that pay interest and capital or instalments that pay capital
- Every 1, 3, 6 or 12 months
How to fund your business
Apply provided you...
- Are a freelance professional or own a small- or medium-sized business, or own a sole proprietorship.
- Operate in the region of Western Macedonia, in the municipalities of Megalopolis, Tripoli, Gortynia and Oichalia in the Peloponnese, or on islands with a population up to 3,100 in the regions of the North and South Aegean or Crete.
- Meet the eligibility criteria.
- Have booked an appointment at an Alpha Bank branch.
Any questions?
Find the answers you need about the Just Transition Development Loan Fund.
Which businesses are considered small- and medium-sized?
According to Annex I of regulation (EU) no. 651/2014, those which:
- Employ < 250 persons
- Have an annual turnover ≤ €50 million or an annual balance sheet total ≤ €43 million
What legal status can my business have?
Any legal status:
- Sole proprietorship
- General partnership
- Limited partnership
- Limited liability company
- Private company
- SA
Are there any conditions to apply for a loan from the Just Transition Development Loan Fund?
Yes. You need to:
- Be a freelance professional or own a small- or medium-sized business, or own a sole proprietorship.
- Operate in the region of Western Macedonia, in the municipalities of Megalopolis, Tripoli, Gortynia and Oichalia in the Peloponnese, or on islands with a population up to 3,100 in the regions of the North and South Aegean or Crete.
- Meet the eligibility criteria.