Piraeus Open Business Working Capital

Open Working Capital available whenever you need it, through your bank account.
DESCRIPTION
  • Open Working Capital available whenever you need it, through your bank account.
REPAYMENT METHOD
  • Capital repayment at any time
  • Payment of interest only for the capital you have used
INTEREST RATE
Variable

based on the BLR
OTHER FEATURES
  • Free Autopay for OTE, PPC, EYDAP

Features

Amount

From €15,000. The amount is determined based on the turnover and transaction volume of each business. The working capital amount is renewed every 12 months.



Duration

Indefinite.



Indefinite

Variable, based on:

  • The Base Loan Rate (BLR) of Piraeus Bank – or
  • The Privilege Loan Rate (PLR)
  • Interest rates are also subject to the Law 128/1975 levy. Today it stands at 0.60%.



Repayment

  • Pay only interest and the capital you wish, with the option of reusing the capital, or
  • Pay a minimum 5% for interest and capital each month, with the option of reusing the capital

What added benefits does Piraeus Open Business Working Capital offer

Cash for Business debit card

Corporate or personal card with no annual fee for the first year. Use it for transactions:

  • At ATMs
  • At easypay machines
  • At businesses featuring the VISA / VISA Electron logo


Preferential rates

  • Automatic payment of public utility bills without commission
  • Special payroll pricing
  • Free winbank subscription