Open Payroll Personal Loan

€1,500 - €20,000

Indefinite.
The Open Payroll Personal Loan is reusable and has an indefinite repayment term.

Note:
The age of the borrower at the maturity of the loan cannot exceed 65 years.

Floating, reduced by 1% compared to the Open Personal Loan. It varies depending on the amount of the loan as follows:

• From €1,500 - €3,000: 15.50%
• From €3,001 - €6,000: 14.75%
• From €6,001 - €15,000: 14.25%
• From €15,001 - €20,000: 13.25%

To the interest rates is added the contribution of Law 128/75, currently 0.60%.

Example of Total Annual Percentage Rate of Charge

The Overall APR would be 15.89% for full disbursement of a total credit amount of €10,000, with repayment in 12 equal, uninterrupted, monthly instalments that repay interest and capital, with the first instalment to be paid one month after the full disbursement of the loan, €0 loan approval fees and a variable interest rate, which would be the sum of the Base Consumer Loan Rate, currently at 10.50%, plus a 3.75% spread (plus the Law 128/1975 levy, currently at 0.60%).

The APR is mentioned by way of example only and arises only on the assumption that the aforementioned data will be available.

With the Open Payroll Personal Loan, you ensure immediate access to an approved amount

No charge for examination of the request.

€70. It is charged one year from the date of the 1st use and then annually on the same date. 

Full or partial early repayment at any time, without charge.

Piraeus Visa Debit Card, for 24-hour access to your Open Personal Loan account to make:

• physical and online purchases, with immediate debit to your account
• cash deposits and withdrawals at ATMs

It is addressed to customers aged 18 - 65 years old (at the end of the loan), who have their payroll at the bank and:

• declare permanent residence in Greece
  
• have a tax residence in Greece
  

Valid identity card or passport

Tax income data:

• Last year's statement of account
  

Last year's statement of account

Tax returns for the last 2 years.

Where appropriate, additional documents may be requested to assess the request.

Please also be informed of the documents you need to provide us with in case you are either not a Piraeus Bank customer or you are a customer and the certification documents you have provided us with are missing or may not be valid due to being outdated.