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Payment adjustment plan

Tailor your instalment however you prefer, provided your loan is up to date. Visit the branch of your choice to apply and make the most of your punctuality.
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Flexibility with multiple options

Up to -50% on your instalment
Cut your loan instalment in half for up to 6 months, for some breathing space.
Deferred instalment
Skip a monthly instalment and add it to the remaining instalments.
Interest-only payment
Pay only the interest proportionate to your balance for a specific period.

How to secure flexibility for your loan

Find out how you can tailor your loan term and monthly instalments for easier repayment.

Shape the term

If the changes to your income are of a more permanent nature, you can extend the loan term to lower your monthly instalments. In this case, the loan interest is increased because the loan term is prolonged.

You may also combine the options of the plan with the change in the loan term to benefit directly and secure a lower instalment in the future.

 

Secure flexible monthly payments

If at some point you find yourself in a financial tight spot, you may:

  • Cut your monthly instalment by up to 50% for up to 6 months.
  • Pay only the interest proportionate to your balance for up to 24 months. The Law 128/1975 levy is added to that interest.
  • Not pay 1 instalment every year and add it to the remaining instalments.

Adjust your instalment provided that your loan is up to date, i.e. there are no late payments. This option is available only after the 1st year of monthly interest-bearing instalments.

The plan runs for 6 months and you can use it throughout the repayment term of your mortgage loan.

You can apply for the plan every 2 years. 

Increase your monthly instalment

If you want, you may request your monthly instalment to be increased up to 100%, that is to be doubled, for up to 6 months. This way you reduce the monthly instalment you’ll be paying in the future.

 

After the end of the plan, a new payment table is created for the remaining amount.

You can apply for the plan every 2 years. 

Can I tailor my loan?

Have a look at the conditions to join the Payment adjustment plan.

Apply provided...

  • Your loan remains up to date.
  • It’s been at least 1 year since the day you received the loan money.
  • It’s not for a loan in grace or low-start period.
  • It’s not for a loan with Greek-State guarantee.
  • It’s not for a loan in foreign currency.

 

 

Have at hand...

  • The supporting documents you’ll need, if you haven’t updated your details.
  • Copy of valid ID card
  • Copy of income tax clearance certificate for the last 2 years (Administrative Tax Determination Act), in pdf format from IAPR 
  • Single Property Tax (ENFIA) certificate in pdf format from IAPR – If you don’t have any property, a printout of your current asset status from Taxisnet with the wording “No asset status for the year XXXX” or a blank E9 form.
  • Recent payslip or latest pension slip (for pensioners).

Any questions?

Find the answers you need about the Payment adjustment plan.

Why should I choose a longer loan term and have to pay additional interest?

A longer loan term means that your monthly instalment will be lower. This way, you will be repaying your loan more easily. What’s more, don’t forget that a loan in arrears is charged with default interest, which, in the end, may cost you more compared to the interest linked to the longer term.

If your financial situation improves in the future, you can shorten the loan term again.

How can I find out if my loan has been securitised or assigned to a different company?

If your loan is securitised or assigned to a different company, you’ll receive a letter.

View all the FAQs

Apply for the Payment adjustment plan

Get in touch to tailor your mortgage loan.

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By appointment  

Schedule your appointment at a branch on the day and time it suits you.

 
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On +30 210 326 00000

Daily, 08:00-22:30.