Consumer Loan for Knowledge and Skills

Take advantage of the loan's preferential terms and get a university/postgraduate degree or a private institute diploma, attend seminars, learn a foreign language or a new skill or hobby, or cover initial study-related expenses for equipment, rent, etc.

INTEREST RATE
Variable
11,85%
LOAN TERM
Up to 120 months
LOAN AMOUNT
From €1,500

up to €40,000

KEY ADVANTAGES
  • Low interest rate
  • Grace period option
  • Financing with or without participation/study supporting documents

Advantages

Flexible financing for studies and hobbies

Just submit a participation certificate and we will finance 100% of the total or remaining cost of your course. We will provide additional cash of €6,000 for any expenses that may arise, such as equipment, books, rent and moving expenses, without requiring additional supporting documents.

If the course you have selected is free, we will still grant you up to €6,000 for anything you may need.

 

Why get a Consumer Loan for Knowledge and Skills

The Piraeus Bank Consumer Loan for Knowledge and Skills offers you support for any educational needs at any time of your life. Specifically you can:


  • Participate in a graduate or postgraduate course in Greece or abroad, a private institute course, etc.
  • Attend classes and seminars to learn foreign languages, participate in public-sector entry exams, receive the ECDL, etc.
  • Participate in seminars or courses to learn a new hobby/sport or improve your skills in areas such as photography, sailing, painting, cooking, swimming , dancing, etc.


Preferential terms

  • Competitive variable rate at only 11.85%
  • High loan amount of up to €40,000
  • Long repayment term of up to 120 months
  • Grace period option for 2 or 4 years, with payment of interest only


Instant quote

Learn about the features of the Consumer Loan for Knowledge and Skills without even having to submit a loan application:

  • Visit any Piraeus Bank branch
  • Call us on 18 218, 24/7
We give you a written quote that is valid for 5 calendar days. That gives you time to weigh up your options and reach your decision.



Service every step of the way

Our experts will explain your options and the procedure. They will help you apply for and monitor your loan.

Features

Loan amount

Depending on whether the course is free or not, you can receive:

  • From €1,500 to €40,000. We can finance 100% of the total cost of your course. We will provide additional cash of €6,000 for any expenses that may arise, such as equipment, books, rent and moving expenses, without requiring additional supporting documents
  • From €1,500 to €6,000. This applies if you course is free, such as public universities, subsidised seminars, etc.



Interest rate

The interest rate is variable. It currently stands at 11.85%. Interest rates are also subject to the Law 128/1975 levy. Today it stands at 0.60%. 

See an example of the overall APR for the Consumer Loan for Knowledge and Skills



Loan term

The loan term depends on the loan amount:

  • For €1,500 to €6,000 – from 6 to 60 months
  • For €6,001 to €40,000 – from 6 to 120 months
In all cases, when you repay the last instalment, you (the borrower) must not be aged over 70.



Grace period

We can offer grace periods for loans over €3,000. During the grace period you only pay the interest.

  • For €3,000 to €6,000 – from 1 to 24 months
  • For €6,001 to €40,000 – from 1 to 48 months


Loan approval fee

€150 deducted from the amount disbursed to you



Disbursement

Immediately, in one single instalment.



Repayment

In monthly instalments that repay:

  • Interest and capital together
  • Only interest, for the entire duration of the grace period
In all cases, repayments must be made in the form of standing orders from your deposit account.



Early repayment option

You can repay all or part of the amount at any time at no cost.



Insurance options

The Payment Protection Plan comes as an option. This form of insurance coverage provides compensation for:

  • Dismissal or temporary disability due to accident or illness, for full-time, private sector employees with a contract
  • Hospital treatment and temporary disability due to accident or illness for freelance professionals, civil servants and part-time private sector employees with a contract
The compensation guarantees that:

  • Your Consumer Loan for Knowledge and Skills instalments will continue to be paid as normal for a set period.
  • Your insurance coverage will apply for the remainder of the plan, if you opt to continue it, even though you have fully or partially repaid the loan.