You can borrow up to 80% of your purchase or work cost estimate.
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.
We determine the interest rate based on the amount, term and collateral. Choose:
According to Law 128/1975, all loans are subject to a levy that is paid to the Greek State.
For the investment plan business loan, the levy currently stands at 0.60%.
We determine the loan repayment term based on the type of investment and your planning.
The total loan term cannot exceed the useful life of the asset, i.e. the time during which the property, merchandise or equipment you obtain:
If you want, you can get a grace period after disbursement. We determine the length based on the time you need to complete your investment.
During the grace period, interest is charged every 3 or 6 months. You can choose either to pay it or have it capitalised. Meaning, the unpaid interest is added to the loan amount.
You can adapt your loan payments according to your business needs and cash flow:
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.
For us to review your application, 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. This way, if something unexpected comes up, your outstanding loan balance and accrued interest will be paid on time.
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 investment plan 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.
To offer you a business loan, we may ask for collateral.
In the form of a mortgage lien on:
In the form of pledging:
