There is no maximum of minimum amount. We will assess and approve your application based on:
It is possible that we may request personal guarantees and/or collateral for the entire loan amount, according to our lending policy.
Choose:
The fixed rate ranges from 2% to 8.50%, depending on the:
The floating rate depends on the collateral you are offering, and may be based on:
According to Law 128/1975, all loans are subject to a levy that is paid to the Greek State.
For the Business premises commercial mortgage the levy currently stands at 0.60%.
Have a look at the deposit and loan interest rates.
Repay the Business premises commercial mortgage in 5 to 20 years.
You can get up to 3 years grace period, with no interest capitalisation. Meaning that during your grace period you pay interest only.
You can adapt your loan payments according to your business needs and cash flow:
You choose whether you want to pay the instalments:
You can repay your loan earlier in full or in part at any time, without any penalties, if you have opted for a floating rate.
If you have opted for a fixed rate, you will pay a penalty.
You pay a lump sum depending on the loan amount:
If you are offering collateral in the form of a mortgage lien on property, you must insure the property against fire and other risks, as appropriate, and bring an insurance policy in force to the branch.
You may also get the Business owner loan protection insurance plan we offer in cooperation with Generali, as an insurance intermediary (only in Greek). This way, if something unexpected comes up, your outstanding loan balance and accrued interest will be paid on time.
Ensure your business independence and avoid the potential risks of property leasing by buying:
Moreover, you can cover additional expenses such as the property transfer taxes, or any notarial or cadastral fees.
Secure the capital you need and cover the costs of building or finishing your business premises:
Upgrade your current business premises and carry out repairs or expansions, such as:
You’ll also need the supporting documents to start banking with us or to update your details, if you:
Find the answers you need about the Business premises commercial mortgage.
The documents verifying the details of your business.
We may ask for additional supporting documents, depending on:
If you have opted for a floating rate and you pay your loan consistently, you may pay additional instalments or even repay the entire loan amount earlier at no extra charge.
If you’ve chosen a fixed rate, there might be an extra charge for early repayment. To be sure, check the terms of your agreement or book an appointment with a representative at the branch where you took out the loan.
