Open Horizon credit facility

From €15,000

The credit limit depends on:

• Your credit rating.
• The transaction turnover of your business.
• The number of international trade transactions you carry out.
• The percentage of international trade transactions you carry out through Alpha Bank.

Online disbursement

Manage your credit facility and draw the amounts you want online, through your business digital banking.

With or without collateral

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

Floating rate with 0.50%+ spread

The interest rate is floating based on the Alpha Preferential Rate for Businesses (APRB) + 0.50% to 1.50% spread.

The APRB is lower than the basic price list and the interest rate spread depends on:

• Your credit rating
• The collateral you are offering

When the loan is secured by 100% cash collateral, the interest rate is floating based on the 3m Euribor + 2.50% to 2.75% spread. 

Law 128/1975 levy

According to Law 128/1975, all loans are subject to a levy that is paid to the Greek State.

For the Open Horizon credit facility, the levy currently stands at 0.60%.

Have a look at the deposit and loan interest rates.

No maturity date

The Open Horizon credit facility is open-ended.

It is a type of revolving loan, i.e. any time you pay an amount, your available credit limit increases by the same amount.

Depending on your needs

Repay your credit facility with:

• Interest payments every 3 or 6 months for the amount of the credit limit you’ve used.
• Gradual principal repayment, through your business transaction turnover.

You choose if you want to pay both interest and principal:

• Automatically with a standing order from your business account
• Online through business web banking 
• At one of our branches 

For processing your request and renewing the credit facility

You pay a lump sum depending on the financing amount:

• €300 for amounts up to €20,000 
• €400 for amounts from €20,000.01 to €50,000
• €450 for amounts from €50,000.01 to €100,000
• €700 for amounts from €100,000.01 to €500,000
• €1,200 for amounts from €500,000.01 to €1,000,000

Optional borrower insurance

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 balance and accrued interest will be paid on time.