Working Capital - COSME Piraeus Business 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, i.e. 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, i.e. reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
REPAYMENT METHOD
  • In equal monthly or 3-monthly instalments Payment of capital and interest
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank

or

Privilege Loan Rate (PLR) of Piraeus Bank
OTHER FEATURES
Grace period

  • Up to 1 year for Working Capital
  • Up to 2 years for Investments

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, i.e. reduced collateral (guarantee by the Fund for 50% of the loan and collateral not exceeding 30% of the amount of the loan)
REPAYMENT METHOD
  • In equal monthly or 3-monthly instalments Payment of capital and interest
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank

or

Privilege Loan Rate (PLR) of Piraeus Bank
OTHER FEATURES
Grace period

  • Up to 1 year for Working Capital
  • Up to 2 years for Investments

Early repayment option- no fee applies