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TEPIX III Loan Fund

Finance the investment plans and boost the liquidity of your business through the TEPIX III Loan Fund of the Hellenic Development Bank.
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Financing for SMEs

40% interest-free loan
Pay interest only for 60% of the loan and the corresponding Law 128/1975 levy.
Up to 3% subsidised interest rate
For the interest-bearing portion of the loan and for the first 2 years, provided you meet the conditions.
For all your business needs
Finance your investment plans or meet your needs in working capital.

The loan is provided through the TEPIX ΙΙΙ Loan Fund, managed by the Hellenic Development Bank (HDB) and financed by the European Union, through the Competitiveness 2021-2027 Programme.

Discover the features

Find out more about the loan from the TEPIX III Loan Fund programme.

What are the loan amount and collateral

Depending on the objective 

You may get up to:

  • €8 million for investments
  • €500,000 for special purpose working capital

With or without collateral

It is possible that we may request collateral for the entire loan amount, according to our lending policy.

What’s the interest rate

40% interest-free loan

40% of the loan financed by the TEPIX III Loan Fund of the Hellenic Development Bank is interest-free.

For the remaining 60% of the loan, you can choose:

  • Floating rate based on the Euribor 3m + spread
  • Fixed rate

The Law 128/1975 levy (currently 0.60%) applies only to the interest-bearing portion of the loan, so it stands at 0.36% for the entire loan.

Up to 3% additional interest rate subsidy for 2 years

For the first 2 years of the loan you get up to 3% interest rate subsidy for the interest-bearing portion of the loan (60%), provided your business complies with State aid combination ceilings, especially:

  • For investment loans
  • For special purpose working capital loans, provided your business receives financing from the HDB for the 1st time (former TEMPME, ETEAN)

The interest rate subsidy applies as long as you pay your instalments. In case of a delay exceeding 90 days, the subsidy is terminated and you may not object. Also, it does not cover the Law 128/1975 levy and any default interest.

It is provided as additional aid and is included in the calculation of the State aid combination ceilings.

What are the loan term and repayment method

From 2 to 12 years

The term depends on the purpose of the loan:

  • 60-144 months for investments
  • 24-60 months for special purpose working capital

Flexible repayment

You can adapt your loan payments according to your business needs and cash flow:

  • Equal instalments that pay interest and capital.
  • Equal or unequal instalments that pay capital.

You pay the instalments every 1, 3 or 6 months.

For investment loans in particular, you may opt for a bond loan.

What you need to receive financing

Find out the conditions to apply for a loan from the TEPIX III Loan Fund.

Apply provided you...

Have at hand...

The supporting documents to apply (pdf only in Greek).

You’ll also need the supporting documents to start banking with us or to update your details, if you:

Explore other options

Find other products or services that may interest you.

2 financing programmes

TEPIX III Guarantee Fund

For 4 types of innovation

Innovation Guarantee Fund

For public works

HDB – TMEDE Loan Guarantee Fund

Any questions?

Find the answers you need about the TEPIX III Loan Fund.

What’s the State aid ceiling my business can get under the TEPIX III Loan Fund through the Hellenic Development Bank?

Provided the aid is granted in line with Regulation (EU) 2831/2023 (De Minimis):

  • €20,000-€1,500,000 for investment loans
  • €10,000-€500,000 for special purpose working capital loans

The de minimis aid ceiling for a single business stands at €300,000 over 3 calendar years

Which businesses are exempt from financing through the HDB loans?

Business with non-eligible business activity codes (KAD / NACE) and those involved in activities, such as:

  • Illegal economic activities, according to the Greek and EU law, as in force
  • Production of and trade in weapons and ammunition
  • Production, processing and trade of tobacco and tobacco products
  • Research, development or technical applications providing support services to online gambling and casinos
  • Pornography
  • Illegal access to electronic data networks
  • Illegal receipt of electronic data
  • Research, development or technical applications for research or therapeutic purposes related to human cloning and genetically modified organisms (GMOs)
  • Decommissioning or building nuclear power plants

Are there restrictions in using the loan I will receive?

Yes. You cannot use the loan to:

  • Pay off an existing loan or credit card debt.
  • Pay dividends.
  • Buy shares.
  • Carry out mergers or acquisitions.
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Take the next step for your business

Book an appointment and let’s discuss in person, through video call or over the phone how you can grow your business.
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