Payroll Personal Loan

A fixed- or variable-rate personal loan with preferential terms for those of you who receive your salary or pension through Piraeus Bank. You can use it to cover personal and consumer needs.
Up 96 months
From €1,500

Up to €40,000

  • 1 percentage unit discount off the variable rate
  • Lower or zero loan approval fees


When you receive your salary or pension through Piraeus Bank you can enjoy preferential rates for your Personal Loan:

Lower interest rate

Choose the variable-rate loan and receive 1 percentage unit discount off the current variable rate for regular personal loans.

Low or zero fees

  • Zero fees - for the fixed-rate loan
  • 50% discount off the fees - for the variable-rate loan
Fees are deducted from the amount disbursed to you for your Payroll Personal Loan.

Instant quote

Learn about the features of the Payroll Personal Loan 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.


Loan amount 

  • From €1,500 to €40,000 depending on your needs.

Interest rate 

For the entire loan term, you may opt for: 

  • Fixed – 14,50% or
  • Variable – 12,55%
Interest rates are also subject to the Law 128/1975 levy. Today it stands at 0.60% 

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 96 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 ranging from 1 to 12 months.


Immediately, in one single instalment.


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 the deposit account where your receive your salary or pension.

Early repayment option 

Full or in part:

  • At no cost - for the variable-rate Payroll Personal Loan
  • At an added cost - for the fixed-rate Payroll Personal Loan
Early repayment costs for the fixed-rate Payroll Personal Loan.

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 Payroll Personal Loan 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.