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Digital banking

Alpha Pre-Schooling social loan

If you own a private nursery or daycare centre that is a member of POSIPS, you can take out a loan and repay it using vouchers issued by the Hellenic Agency for Local Development and Local Government (ΕΕΤΑΑ).
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Instant liquidity, no delays

Up to 50% of vouchers
Use up to 50% of your vouchers for up-front payment to meet your business needs as soon as they arise.
Gradual repayment
The loan principal is repaid gradually through EETAA payments for the vouchers.
12-month term
Pay interest every 3 months. At maturity you repay any principal not covered by the vouchers.

Discover the features

Find out in detail how the Alpha Pre-Schooling social loan works.

Private nurseries or daycare centres

To receive financing, you need to own a private nursery or daycare centre that is a member of the Panhellenic Federation of Private Nursery Schools (POSIPS).

Your business must be micro, small or medium-sized.

 

Starting at €20,000 by assigning the vouchers

You can get a loan from €20,000 to €150,000, using as collateral:

  • The vouchers corresponding to your nursery or daycare centre.
  • Personal guarantees of the organisations.

Repayment through EETAA payments

When EETAA transfers to the account you use as collateral the voucher money you are entitled to:

  • Up to 50% of the amount is used to repay part of the loan principal.
  • The remaining amount is credited to your main account. 

Interest is paid every 3 months by standing order from your main account.

For 12 months

The loan term is 12 months.

You can fully repay the loan early at no extra charge.

Floating rate

The annual nominal interest rate for the loan is floating based on the Euribor 3M + 1.90% spread.

The Law 128/1975 levy, currently 0.60%, is added to the interest rate.

Fees starting at €200

For us to review your application, you pay:

  • €200 for loans up to €20,000
  • €400 for loans from €20,001 to €100,000
  • €600 for loans from €100,000 to €150,000

Find out if you can take out a loan

Have a look at the conditions for taking out an Alpha Pre-Schooling social loan.
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Giving back to society

Financing through the Alpha Pre-Schooling social loan is fully aligned with ESG objectives and is part of our ongoing efforts to actively stand by the society where we operate.

The aim of the Alpha Pre-Schooling social loan is to:

  • Support preschool education.
  • Grant everyone access to quality facilities.
  • Support gender equality.
  • Ensure the viability of educational facilities and provide quality services.
  • Promote female participation in the job market.

Discover our other initiatives with a social impact.

How it makes it easier for your business

Find out how the Alpha Pre-Schooling social loan makes it easier for your business.

  • You don’t have to wait to get the amount from the vouchers to meet operational needs.

  • Secure working capital and stable liquidity for your business at the start of the school year.

  • The total amount is repaid through the account used as collateral.

  • You don’t have to worry about instalments throughout the year, as you repay the outstanding principal at loan maturity.

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Get liquidity for your business

Book an appointment today to visit a branch near you and take out a loan for your nursery or daycare centre.
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Any questions?

Find the answers you need about the Alpha Pre-Schooling social loan.

Which businesses are considered micro, small or medium-sized?

According to Commission Recommendation 280/1996 and the new Recommendation 361/2003:

Micro businesses are those that:

  1. Employ < 10 persons 
  2. Have an annual turnover or an annual balance sheet total ≤ €2 million

Small businesses are those that:

  1. Employ < 50 persons 
  2. Have an annual turnover or an annual balance sheet total ≤ €10 million

Medium-sized businesses are those that:

  1. Employ < 250 persons 
  2. Have an annual turnover ≤ €50 million or an annual balance sheet total ≤ €43 million

Can I meet any need with the amount I’ll receive from the Pre-schooling social loan?

Yes. There are no restrictions as to how you can use the working capital you’ll receive.

I cannot see my loan on business web banking. How can I add it?

  1. Log into business web banking with the digital banking credentials of your business.
  2. On the home screen (Overview), from the top menu, choose: Lending > Add loan.
  3. Choose the loan type and fill in the loan number. Choose “Continue”.
  4. If you want, you can give a friendly name to your loan, so you see that on your profile instead of the loan number. Choose “Add”.
  5. Confirm the transaction with the 6-digit code you receive on your mobile.
  6. Check that the details are correct and click on “Confirm”. The loan has been added to your profile.