RRF Loans for Digital
Transformation

For natural or legal persons

To take out an RRF loan for digital transformation you can be either a natural or a legal person, provided that you:

• Use the loan to incur eligible expenditures.
• Have your registered or actual office in Greece.

Eligible expenditures

• Purchase, use (depreciation / leasing) and landscaping of land plots
• Purchase / construction and use of buildings (depreciation / leasing)
• Purchase / construction and use of equipment (depreciation / leasing)
• Purchase and use of vehicles (depreciation / leasing)o Purchase / construction and use of intangible assets (amortisation / subscriptions)
• Payroll linked to the investment plan
• Travel / expense report
• Third-party services
• Consumables
• Operating expenses (communication, energy, maintenance, lease payments, administrative expenses, insurance etc.)
• Cost of capitals
• Working capital (operating expenses, costs linked to the company’s transaction cycle, VAT etc.)
• Marketing and communication expenses

Restrictions on eligible expenditures

• The purchase of land plots must pertain to the investment plan and must not exceed 30% of its eligible expenditures, otherwise it is not considered eligible.
• The working capital and the marketing and communication expenses cannot cumulatively exceed 30% of the eligible expenditures of the investment plan.
  

5 categories of investments

The digital transformation projects fall within 5 categories of investments:

• Digitalisation of services provided
• Digital infrastructure and databases
• Clusters
• Digital communication hubs and open digital solutions
• Digitisation of small and medium businesses (SMBs)

Eligibility criteria

At least 10% of the total budget of the investment plan must relate to digital transformation investments that contribute to the digital tagging of the National Recovery and Resilience Plan. This means, it must fall within 1 of the 5 categories of investments.

If the investment plan does not commit a minimum of 10% for digital transformation, we review whether it is eligible with independent RRF loan quota at 30%. This means that at least 30% of the total budget of the investment plan must cumulatively pertain to investments in green transition, digital transformation, extroversion, and innovation, research and development.

Examples of eligible investments 

The eligible investments must exclusively pertain to private investments. For example, they may pertain to:

• Sale of products and services through digital media addressed to the domestic and foreign market.
• Use of online promotional systems and media (e.g. ads on search engines, social media platforms).
• Protection of the digital supply chain.
• Integration of emerging technologies for automated processes (e.g. Internet of Things, robotics and automation, 3D printing, artificial intelligence, prognostic maintenance).
• High-performance computing capabilities (construction and/or use of data centre to store big data).
• Use of portable devices for wireless connection to the internet.
• Development / purchase, configuration and use of software for ERP, MRP, DFRP, BPM, DMS, HRMS, performance management, asset management, project management, knowledge management and intranet portals, training, office automation, GDPR.
• 5G coverage.
• Supply and use of systems / infrastructures (including training expenses) for e-invoicing, e-bookkeeping, e-payments, creation of e-shop, e-commerce during banking transactions, cyber security, teleworking, digital office (e.g. document and project management etc.), interconnection with suppliers / clients, data analysis.
• Expenses for digital tools to optimise the customer experience (e.g. CRM, digital marketing, task automation, e-shops, omni channel solutions, customer care, content and self-care, CX, strategy design and implementation, customer journeys, UX audits, usability testing, SEO services, CRO services, content strategy) and to assist in decision-making (e.g. business analytics, business intelligence, big data analytics).
  

RRF loan amount for digital transformation

The final percentage of the investment plan that will be financed with an RRF loan is determined based on the percentage of the budget that corresponds to digital transformation investments.

Financing scheme

• 50% maximum through an RRF loan
• 30% minimum through a co-financing loan
• 20% minimum investor own funds

From 3 to 15 years

The RRF loan term is between 3 and 15 years.

It is the same or less than the term of the respective co-financing loans and is determined based on the nature of the investment and our lending policy.

0.35% minimum interest rate

The minimum interest rate of the RRF loan is 0.35% and is determined by ministerial decision.

Due to the low interest rate of the RRF loans, the total interest for financing is very competitive.

3+ years grace period

You may get up to 3 years grace period to repay the RRF loan and the co-financing loan principal.

Provided the eligible expenditures take up more time, the grace period may increase up to 5 years, in line with our lending policy.

Lump-sum or multiple disbursements

The RRF loan may be disbursed in a lump sum or in multiple disbursements, depending on the progress of the eligible investment.

In all events, disbursement must be concluded by 31/08/2026.

Shared collateral with the co-financing loan

The RRF loan may be secured with assets and/or guarantees, in line with our lending policy.

The co-financing loan is secured with the same collateral on a pari passu basis.

Pari passu principle 

The pari passu (ranking equally) principle applies for all RRF and co-financing loans in terms of repayments, prepayments and collaterals.