BACK
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 micro, small or medium-sized?
According to Commission Recommendation 280/1996 and the new Recommendation 361/2003:
Micro businesses are those that:
- Employ < 10 persons
- Have an annual turnover or an annual balance sheet total ≤ €2 million
Small businesses are those that:
- Employ < 50 persons
- Have an annual turnover or an annual balance sheet total ≤ €10 million
Medium-sized businesses are those that:
- Employ < 250 persons
- Have an annual turnover ≤ €50 million or an annual balance sheet total ≤ €43 million