Piraeus Development Business Premises and RES Equipment

Loans for the financing of investment projects for Renewable Energy Sources (RES) which are part of ESPA programs and / or other subsidized programs.
IDEAL FOR
  • Small and Very Small Enterprises
    (up to m€ 2.5 turnover)
REPAYMENT METHOD
  • Monthly or quarterly payments
INTEREST RATE
Variable

based on

Euribor 1Μ / 3M

OTHER FEATURES
  • Up to 2 years Grace Period, during which, you pay only interest
  • Early repayment option without penalties
  • Additional services such as insurance coverage
IDEAL FOR
  • Small and Very Small Enterprises
    (up to m€ 2.5 turnover)
REPAYMENT METHOD
  • Monthly or quarterly payments
INTEREST RATE
Variable

based on

Euribor 1Μ / 3M

OTHER FEATURES
  • Up to 2 years Grace Period, during which, you pay only interest
  • Early repayment option without penalties
  • Additional services such as insurance coverage

4 reasons to invest in green products for businesses

 1.  Access to financing with preferential terms

Piraeus Bank actively supports Green Entrepreneurship and offers the “Piraeus Development Business Premises and RES Equipment”, to finance investment projects for Renewable Energy Sources (RES) which are part of ESPA programs and / or other subsidized programs with preferential interest rates and terms depending on the client’s profile and offered collaterals.


 2.  Flexible procedures

We have the necessary green technical know-how to ensure quick and easy financial evaluation, tailored to your needs. We also support you in any necessary decision-making throughout the implementation of the project.


 3.  Sustainable investment

The features of the green business financing and insurance package are designed to ensure positive returns early on in your investment.


 4.  The right move for the environment

With a well-designed business plan and the continuous offered support you contribute both in growing the economy and protecting the environment.


Who it concerns

Small and very small-sized Enterprises (turnover up to m€2,5)  which need financing for Renewable Energy Sources (RES) which are part of ESPA programs and / or other subsidized programs.

How you benefit

Combination of financing and insurance solutions

Piraeus Financial Holdings SA, as an insurance intermediary, carries out the activity of distribution of insurance products, in the name and on behalf of the insurance companies with which it maintains cooperation, to provide you with modern insurance solutions for your Photovoltaic Station.

Features

Loan amount

From €5.000 to 80% of the estimated investment.


Loan Term

Up to 12 years



Interest Rate

Variable interest rate, based on Euribor 1M / 3M plus a minimum spread of 4%, depending on the collaterals.
Interest rates are also subject to the Law 128/1975 Levy.



Repayment

Monthly or quarterly instalments of capital and interest.



Grace period

Up to 2 years during which, only interest amount is paid.



Disbursement

Partial disbursements up to:

  • 70% of the loan upon presentation of invoices (on credit or repaid) at a rate of 100% of the value with pre-consumption of own participation.
  • 20% of the loan with the placement of the equipment at the construction site of the project, after certification by a cooperating engineer of the Bank and submission of invoices.
  • 10% of the loan with the certificate / proof of connection of the station to the network , the activation of the project by HEDNO and the certification by a bank appraiser for the completion, connection and operation of the project



Mandatory insurance coverage

Mandatory Fire and Earthquake Insurance for the mortgaged property.
Mandatory insurance of the photovoltaic system.

Additional Services

  • Free card issuing - Business Debit
  • Access to e-banking services through winbank
  • Option for Corporate card issuing
  • Payroll services