business e-loan

Get the liquidity you need for your business, online, any time and with safety, from wherever you are, with the “business e-loan” from Piraeus Bank. Get your Working Capital through a Revolving or a Term Loan with privileged features, exclusively through Winbank, without visiting a Bank branch.
DESCRIPTION
Working Capital with preferential terms, available exclusively online, by winbank web banking.

Option between:

  • Piraeus Open Business e-Working Capital:
    Open Working Capital available whenever you need it, through your bank account.
  • Piraeus Business e-Working Capital:
    Working capital loan with one-off disbursement and a fixed repayment plan.
REPAYMENT METHOD
  • Piraeus Open Business e-Working Capital
    Minimum monthly payment of 5% (interest and principal) on each balance.
  • Piraeus Business e-Working Capital:
    Equal monthly instalments
INTEREST RATE
Variable

Based on the

BLR
OTHER FEATURES
  • Preferential Pricing
  • Easy and fast process
DESCRIPTION
Working Capital with preferential terms, available exclusively online, by winbank web banking.

Option between:

  • Piraeus Open Business e-Working Capital:
    Open Working Capital available whenever you need it, through your bank account.
  • Piraeus Business e-Working Capital:
    Working capital loan with one-off disbursement and a fixed repayment plan.
REPAYMENT METHOD
  • Piraeus Open Business e-Working Capital
    Minimum monthly payment of 5% (interest and principal) on each balance.
  • Piraeus Business e-Working Capital:
    Equal monthly instalments
INTEREST RATE
Variable

Based on the

BLR
OTHER FEATURES
  • Preferential Pricing
  • Easy and fast process

Basic Conditions and Documents

Basic Conditions

The business e-loan is addressed to small and medium-sized enterprises and freelancers, active Winbank web banking users, aged 25 to 65 (at the end of the loan or the annual review of the limit) with the following conditions:

  • The applicant declares permanent residence in Greece and the companies involved are based in Greece
  • Those involved in the application possess a Greek identity card, maintain a unique tax residence in Greece and are not US citizens or taxpayers and have a Greek tax identification number
  • They own an active business / sight account that can be used to serve the loan (for Term Loans)
  • In case of Legal Entities, there is a Legalization in force, with full jurisdiction in the name of the applicant
  • There is no other pending business e-loan application

Advantages

Speed ​​& Convenience

With 4 simple steps through Winbank web banking, you can submit your application any time and disburse the approved amount


1   2   3   4
Design your loan
Configure your loan repayment plan with the loan calculator. Choose the product that fits your needs, enter the loan amount and terms and fix the loan instalment you want.
 
Submit your application any time
Confirm or register your personal and business information, attach the necessary documents and submit your loan application
 
Guarantors
Freelancers and Individual Businesses (Physical Persons): Indicate whether you wish to add a guarantor to your application.
Other types of Businesses (Legal Entities): Those involved in the business are automatically added as guarantors to your application.
 
Loan Disbursement
Your application is evaluated by the Bank and, once it has been approved, you and the guarantors have to sign the contractual document with authorized electronic signature (OTC), and the loan is disbursed to your business account


Service

Throughout the process you will get full information via email. The loan contract, as well as all necessary forms will be available through Winbank web banking.


Environmental Protection

You contribute to the environmental protection by saving paper and reducing the environmental footprint.

Financing features

Amount

From €7,000 to €30,000.
The amount of the limit is determined by the turnover and transaction volume of each business.

Duration

  • Piraeus Open Business e – loan
    Indefinite with annual review
  • Piraeus Business e – loan
    Up to 5 years

Interest rate

Variable interest rate, based on the Base Lending Rate (BLR) of Piraeus Bank
Interest rates are also subject to the Law 128/1975 levy, currently at 0.60%

Collaterals

No collateral.

Repayment

  • Piraeus Open Business e – loan
    Minimum monthly payment of 5% (interest and principal) on each balance.
  • Piraeus Business e – loan
    Equal monthly instalments including capital and interest.

Loan expenses

According to the Bank’s official Charges Table.

How to get it

The product is available exclusively online, through winbank web banking.


Basic steps of business e-loan process

Loan configuration using a calculator

You choose the product, the amount and the repayment period and see how the instalment and repayment terms of the financing are formed.


Application

Fill in and confirm the company and personal details that will be requested, attach the necessary supporting documents and submit your application. If there are guarantors, their acceptance and document submission is expected in order to finalize the submission and start the processing of the application by the Bank.


Credit evaluation

The Bank receives the loan request, it proceeds with its evaluation and you receive notification of its result via email notification to the email you have registered with the Bank.

The loan is granted based on the current credit criteria of Piraeus Bank.


Contract signing

If your application is approved, the loan contract is signed by the borrower and, if any, by the guarantors, with an authorized electronic signature (OTC). This certificate is provided to you free of charge, by an Authorized Trust Service Provider cooperating with the Bank, following your relevant request that you submit at the time you are asked to sign the contract.

After signing the contract, you will be able to access the relevant file through Winbank.


Loan Disbursement

  • Piraeus Open Business e-Loan
    The loan is disbursed during Bank's working days and hours. Funds are automatically credited to the account you selected when applying.
  • Piraeus Business e – loan
    The funds appear in the limit account for immediate use.

yellow Loyalty Program

The Members of yellow business earn 50,000 yellows with the disbursement of the business e-loan*.



*Terms and conditions:

a) Condition for inclusion in yellow business scheme is the registration in yellow Program and the possession, in case of a Sole Proprietorship or Self-employed, of a Business Credit or Business Debit Card, while, in the case of a company / Legal Entity, a Business Debit Card.

b) Βe an active Member of the yellow business Rewards Program at the time of the rewarding, in accordance with the Program Terms.

yellows credit:

The yellows will be credited to the yellow Rewards Program Member's account, up to 45 days after the loan is disbursed.