Cosme Piraeus Business Working Capital Agribusiness

Piraeus Bank, in cooperation with the European Investment Fund, participates in the “COSME” guaranteeing tool and grants loans to support small and medium-sized enterprises on preferential terms, i.e. reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
DESCRIPTION
  • Piraeus Bank, in cooperation with the European Investment Fund, participates in the “COSME” guaranteeing tool and grants loans to support small and medium-sized enterprises on preferential terms, i.e. reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
REPAYMENT METHOD
Capital: Direct linking of the company's loan account with the Piraeus Bank's installed POS and impairment of the debit balance

Capital repayment at anytime

Minimum monthly payment of the outstanding balance (interest and capital included)

  • 5% monthly
  • 15% 3 monthly
  • 30% 6 monthly

In cases of Privilege Loan Rate (PLR)

  • 15% 3 monthly in cases of Euribor 3Μ
INTEREST RATE
Variable

Based on the Privilege Loan Rate (PLR) of Piraeus Bank

or

Euribor 3M
OTHER FEATURES
  • Ability through Winbank to determine how to allocate to the sub-limits of the available amount resulting from the settlement of POS transactions.