Purpose
Funding for Small and Medium Businesses and Professionals, with a turnover of up to € 2.5 million, that wish to cover their emergency, seasonal or regular liquidity needs
Amount
From €7,000 to €150,000 with the amount being determined based on the turnover and the transaction volume of each business.
The working capital amount is renewed every 12 months.
Type -Duration of Finance
Up to 10 years
- First 5 years: Open Revolving Working Capital with annual renewal
- Next 5 years: Fixed repayment plan Working Capital
Interest Rate
Variable based on the
- Base Loan Rate (BLR) of Piraeus Bank or
- Euribor 1M/3M
The customer's final interest rate is determined on the basis of an assessment of its Creditworthiness
Interest rates are also subject to the Law 128/1975 levy, currently at 0.60%.
Currency
The loan will be granted exclusively in Euro (€)
Repayment
First 5 years
- Payment of interest only. The capital will be paid whenever you wish
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- Minimum monthly payment of 5% for interest and capital on the respective debit balance
It is noted that there is the possibility of free reuse of capital
Next 5 years
- In equal monthly/3monthly instalments (capital and interest)
Collaterals
Reduced collateral requirements due to the guarantee provided by the European Investment Fund (EIF)