We finance your dream property in Greece!

Your income and the value of the property in Greece determine the amount of your property loan.

• If you are buying a house, a holiday flat or a plot of land, the loan amount may not be higher than the amount specified in the property purchase contract.
• If you are repairing, building or renovating your home or holiday flat, the loan amount can be up to 100% of the costs.

• If you are a Greek citizen, it can be up to 70 % of the market value of the property.
• If you are not a Greek citizen, it can be up to 65% of the market value of the property.

The term of your property loan is calculated on the amount of the instalment you can pay each month and the type of interest rate (variable over the entire term or fixed over a certain period):

• If you are not a Greek citizen, the term of your variable rate loan can be up to 15 years. However, please note that the youngest applicant should not be older than 75 years at maturity.
• If you are a Greek citizen, your variable rate loan can have a term of up to 25 years. However, please note that the youngest party should not be older than 75 years at maturity.

You will need to provide some form of collateral to secure your property loan:

• Mortgage lien on the property - In this case, you must have at least fire and earthquake insurance on the property.
• Cash collateral or pledge of securities.

The disbursement of your property loan depends on the intended use of the loan:

• In one lump sum if you want to buy a ready-to-move-in house.
• In several instalments if you are buying a house that is under construction or if you are building, repairing or renovating your home. The amounts are paid out each time according to the progress of the construction, repair or renovation work.

Choose between a fixed or variable interest rate for your property loan.

Opt for a property loan with a fixed interest rate and enjoy the security of a fixed and predetermined instalment that allows you to calculate your finances accurately.
If you are not a Greek citizen, you can take out a loan with a term of: 3, 5, 10 or 15 years.
If you are a Greek citizen, you can take out a loan with a term of 3, 5, 10, 15, 20, 25, 30 years.
The fixed interest rate can apply for the entire term of the loan. You can also opt for a fixed interest rate for a specific initial period and then switch to a variable interest rate linked to the 3-month Euribor.

Choose a variable interest rate if you want your mortgage loan to adjust to fluctuations in market interest rates. You can have a variable interest rate for the entire term of your property loan.
The variable interest rate is linked to the 3-month Euribor, which is adjusted monthly, and is supplemented by a fixed interest premium.

You repay one loan instalment each month. You can repay your loan in full or in part whenever you want.
Monthly instalments
The instalment you pay each month repays the interest and part of the loan amount.
The bank collects the instalment on the first working day of each month. The amount is automatically collected via the bank account linked to your loan. You must ensure that the account has a sufficient balance.

If you secure your loan with a mortgage on a property, you must take out fire and earthquake insurance for the property.
If these risks cause damage to the property, the insurer will cover the cost of restoring the property.
You can choose any insurance company that operates in Greece.

You can repay the balance of your loan in full or in part at any time.
This is free of charge if you have a:
Loan with a variable interest rate.
Loan with a fixed interest rate for 3, 5 or 10 years.

Payment of the early repayment penalty provided for in your loan agreement for the fixed-rate term if you have taken out a loan with a fixed interest rate for 15, 20, 25 or 35 years.