COSME Piraeus Development Working Capital

Piraeus Bank, in cooperation with the European Investment Fund, participates in the “COSME” guaranteeing tool and grants loans to support small and medium-sized enterprises on preferential terms and reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
DESCRIPTION
  • Piraeus Bank, in cooperation with the European Investment Fund, participates in the “COSME” guaranteeing tool and grants loans to support small and medium-sized enterprises on preferential terms and reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
REPAYMENT METHOD
  • Capital: as soon as the subsidy is paid
  • Interest: in monthly or 3-monthtly instalments
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank

or

Euribor 1M/3M
OTHER FEATURES
Early repayment option- no fee applies
DESCRIPTION
  • Piraeus Bank, in cooperation with the European Investment Fund, participates in the “COSME” guaranteeing tool and grants loans to support small and medium-sized enterprises on preferential terms and reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
REPAYMENT METHOD
  • Capital: as soon as the subsidy is paid
  • Interest: in monthly or 3-monthtly instalments
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank

or

Euribor 1M/3M
OTHER FEATURES
Early repayment option- no fee applies