Piraeus Development Investment Loan

Finance your long term investment plans, which have joined development programs, with Piraeus Development Investment Loan.
IDEAL FOR
  • Businesses included in Subsidized Programs
REPAYMENT METHOD
  • In monthly or 3-monthly instalments
INTEREST RATE
Variable
based on the BMLR

or

EUR1M/3M
OTHER FEATURES
  • Up to 2 years grace period
  • Early repayment option without penalties
IDEAL FOR
  • Businesses included in Subsidized Programs
REPAYMENT METHOD
  • In monthly or 3-monthly instalments
INTEREST RATE
Variable
based on the BMLR

or

EUR1M/3M



OTHER FEATURES
  • Up to 2 years grace period
  • Early repayment option without penalties

Which businesses are entitled to Piraeus Development Investment Loan

Small businesses and professionals

Piraeus Development Investment Loan is ideal for businesses and professionals seeking to finance investment plans that have been included in Subsidized Programs.


Covered investment plans

Financing for investment plans in accordance with their existing eligibility decisions

Financing Features

Amount

From €5,000 and depending on the case.



Duration

Up to 20 years, depending on the type of expenditure and collateral



Interest Rate
Floating interest rate based on the Base Loan Rate (BMLR) of Piraeus Bank or EUR1M/3M.
Interest rates are also subject to the Law 128/1975 levy. Today it stands at 0.60% (or 0.12% where this is foreseen).



Disbursement

Partial instalments, depending on the progress of works.



Repayment

In monthly or 3-monthly instalments:

  • Payment of capital and interest
  • Payment of capital only

During the grace period you only pay the interest.



Grace period

Up to 2 years



Early repayment option

Without penalties



Mandatory insurance coverage

A facilities and equipment insurance package is offered to protect investors