Piraeus Business Energy Upgrade

Medium - Term loan for Small and Medium-sized Enterprises which need financing for their energy upgrade. It combines financing and insurance solutions.
IDEAL FOR
  • Small and Very Small Enterprises
    (up to m€ 2.5 turnover)
REPAYMENT METHOD
  • Monthly instalments
INTEREST RATE
Variable
Based on

Euribor

OTHER FEATURES
  • Up to 6 months grace period
  • Additional services such as insurance coverage
IDEAL FOR
  • Small and Very Small Enterprises
    (up to m€ 2.5 turnover)
REPAYMENT METHOD
  • Monthly instalments
INTEREST RATE
Variable
Based on

Euribor

OTHER FEATURES
  • Up to 6 months grace period
  • 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 the Green Entrepreneurship and offers « Piraeus Business Energy Upgrade», a financing solution for the energy upgrade of your business 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 €2,5) which need financing for the energy upgrade of their business.

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

The purpose of this loan is to finance eligible costs for energy upgrades of business and commercial spaces related to the following works and equipment:

  • Thermal insulation of shells, frames, fixed and movable awnings
  • Energy upgrade of mechanical systems (heating, cooling, air conditioning, hot water) with new higher efficiency
  • Energy upgrade of an existing lighting system
  • High energy efficiency appliances, at least energy class A.
  • Installation of photovoltaics for self-generation with energy compensation (net metering)



Loan amount

Up to 80% of the investment.


Loan Term

Up to 5 years for loan amount up to €20.000
Up to 10 years for loan amount more than €20.000,01



Interest Rate

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



Repayment

Monthly instalments, repaying interest and capital.



Grace period

Up to 6 months. During the grace period only interest amount is paid.



Disbursement

Partial disbursements -up to 3- with the possibility of advance payment of up to 20% of the loan without engineer certification and provided required collaterals are available.



Mandatory insurance coverage

Mandatory fire and earthquake insurance of the pre-marked property
Mandatory Insurance of photovoltaic system (where provided).

Additional Services

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