Piraeus Open Business against cheques (and/or invoices)

Working Capital for cashing cheques and/or customer invoices in advance.
DESCRIPTION
  • Working Capital for cashing cheques and/or customer invoices in advance.
REPAYMENT METHOD
  • Capital: as soon as the cheques or invoices are paid
  • Interest: every 3 months, only for the capital you have used
INTEREST RATE
Variable

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

Features

Amount

From €15,000, depending on the turnover and transaction activities of the business. The working capital amount is renewed every 12 months.



Duration

Indefinite.



Interest Rate

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

  • Payment of capital as soon as the cheques or invoices are paid
  • Payment of interest every 3 months, only for the capital you have used