Mortgage Loan in Foreign Currency

Mortgage loan in USD, GBP, or CHF. It is addressed to you whose main income is in USD, GBP, or CHF. You can apply for this loan if:

• you permanently reside in Greece, but do not have a Greek passport or ID, or
• you permanently reside in a Eurozone country (other than Greece) or in England, Switzerland, or USA, and your passport has been issued in one of these countries.

From €20.000 up to 80% of the estimated value of the designated property, according to the Bank's engineer's assessment, depending on the purpose of the loan and your country of residence

Loan to Value (LTV) depending on the purpose of the loan and your country of residence:

• Up to 50% of the estimated value of the designated property, according to the Bank's engineer's assessment.
• Especially for customers living in Greece and receiving income in one of the currencies CHF, GBP, USD, LTV can go up to 80%

3 - 35 years

• From 3 to 35 years depending on the purpose of the loan and your country of residence.
• Specifically for customers living in Greece and receiving income in one of the currencies CHF, GBP, USD, the loan tenor can be up to 30 years.

Note:
The age of the borrower at the end of the loan cannot exceed the 70th year or the 75th in the case of a resident of Greece.

• The loan interest rate spread is determined after evaluating your loan application by the Bank according to its prevailing credit policy, considering factors such as credit history, type of collaterals, loan amount and loan tenor.
• On top of Interest rates Levy of Law 128/1975 is charged, currently set at 0.12%
• The amount of the instalment may vary, depending on the fluctuation of the interest rate.
• In case of non-insurance against LIFE/Permanent Total Disability risks, there may be an increase in the above-mentioned spread.

For a mortgage amount of 100,000 CHF/USD/GBP, with property collateral, repayment duration of 30 years, i.e. 360 monthly instalments, floating interest rate SARON/ SONIA/ SOFR monthly duration (0.89% /4.97%/4.99% on 30/10/2024) plus a spread of 3.05% (plus levy Law 128/75, 0.12%), Application Examination Fee: 500€, Legal Check Cost: 50€, Technical Check Cost: 150€, the following applies:

Loan in CHF
Monthly instalment: 480.88 CHF
Total Credit Amount: 100,000 CHF
Total Credit Cost: 73,819.13 CHF
Total Amount Payable: 173,819.13 CHF
APR: 4.14%

Loan in GBP
Monthly instalment: 744,95 GBP
Total Credit Amount: 100,000 GBP
Total Credit Cost: 168,906.50 GBP
Total Amount Payable: 268,906,50 GBP
APR: 8.54%

Loan in USD
Monthly instalment: 743.55 USD
Total Credit Amount: 100,000 USD
Total Credit Cost: 168,572.87 USD
Total Amount Payable: 268,572.87 USD
APR: 8.54%

• The APR, monthly installment, and total amount payable are mentioned exclusively for example purposes and are derived only under the precondition that the above-mentioned data will exist.
• The APR is calculated based on the assumption that the floating rate will remain at current levels for the entire loan duration.
• We emphasize that the insurance of the prenotated property against the risks of Fire/Earthquake is mandatory for an insured capital equal to the property's reconstruction value. There is the option to join a group insurance policy that the bank contracts with an insurance company of its choice or to submit an individual insurance policy from an insurance company of your choice, according to the bank's policies and procedures.
• The above example does not include the insurance cost of the prenotated property for the risks of Fire/Earthquake and Life/Permanent Total Disability of the borrower.

In monthly installments covering:

• Interest, principal and insurance premiums

Information about your loan installment

• The payment of the mortgage loan installments is automatically made from your deposit account in euros or converted to euros from your account in an alternative currency.
• Each installment is paid on the same date of each calendar month, and its amount is calculated based on the prevailing interest rate and the number of installments. The interest is calculated based on a calendar year of three hundred sixty-five (365) days. The number of installments is determined according to the customer's chosen duration of the loan.
• Non-compliance with obligations from the loan contract may have legal or financial consequences for the borrower.

Depending on the purpose of the loan:

• Lump sum for the purchase of a ready-made property
• Partial disbursements based on the progress of the construction for purchase under construction, erection, completion, renovation, repair

• Mandatory property insurance against Fire-Earthquake for an insured capital equal to the reconstruction value of the property.
• Life & Permanent Total Disability insurance for one of the borrowers, for an insured capital equal to the approved loan limit.

Note:
In case you join for the above risks in the group insurance policy that the bank contracts, the premiums are paid every month with your loan installment