You can borrow up to 100% of the cost of buying new or used professional equipment or a commercial vehicle.
There is no maximum or minimum loan amount. We 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 Equipment business loan, the levy currently stands at 0.60%.
Have a look at the deposit and loan interest rates.
You repay the Equipment business loan in up to 10 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.
Upgrade your business with new mechanical equipment, such as:
Get the equipment your business needs daily, such as:
Find the vehicle that fits your business needs, 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 Equipment business loan.
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.
