Open Payroll Personal Loan

An Open Personal Loan with preferential terms for those of you who receive your salary or pension through Piraeus Bank. It offers immediate access to cash to cover emergency or regular personal and consumer expenses.

INTEREST RATE
Variable
From 13,25%
1 percentage unit lower than the current variable rate for regular personal loans
LOAN TERM
Indefinite
LOAN AMOUNT
From €1,500

Up to €20,000
KEY ADVANTAGES
  • Preferential rates
  • Immediate access to cash
  • Cash for emergencies
  • Minimum monthly instalment of 1.5% or 3%
INTEREST RATE
Variable
From 13,25%
1 percentage unit lower than the current variable rate for regular personal loans
LOAN TERM
Indefinite
LOAN AMOUNT
From €1,500

Up to €20,000
KEY ADVANTAGES
  • Preferential rates
  • Immediate access to cash
  • Cash for emergencies
  • Minimum monthly instalment of 1.5% or 3%

Advantages

Immediate access to cash

The Open Payroll Personal Loan offers you immediate access to an approved amount so that you can withdraw cash or shop using your Visa Debit card and cover emergency or regular expenses.



Flexible repayment

  • At least the minimum instalment each month, which is 1.5% or 3% of the loan amount, with a minimum of €25
  • Any additional amount you wish without notifying the Bank in advance
With every payment you make you can reuse the amount without time-consuming procedures and extra expenses.



Visa Debit card

We issue a Visa Debit card for you if you do not have one already. It offers you 24-hour access to your Open Personal Loan account:

  • To deposit and withdraw cash at ATMs
  • To shop at stores by direct debit of your account


Instant quote

Learn about the features of the Open Personal Loan without even having to submit a loan application:

  • Visit any Piraeus Bank branch
  • Call us on 18 218, 24/7

Features

Loan amount

From €1,500 to €20,000 depending on your needs.



Interest rate

The interest rate is variable and it is 1 percentage unit lower than the current variable rate for regular personal loans.

Loan amount Interest rate
From €1.500 to €3,000
 
15,50%
From €3,001 to €6,000
 
14,75%
From €6,001 to €15.000
 
14,25%
From €15.001 to €20.000
 
13,25%


Interest rates are also subject to the Law 128/1975 levy. Today it stands at 0,60%. 

See an example of the overall APR for the Open Payroll Personal Loan.



Loan term

The Open Payroll Personal Loan is reusable and has an indefinite repayment term.

In all cases, when you repay the last instalment, you (the borrower) must not be aged over 65.



Annual fee

The fee is €70 and is paid annually.



Loan approval fee

The is no approval fee when you receive your salary or pension through Piraeus Bank.



Repayment

You choose the minimum monthly payment when you apply for an Open Personal Loan. This payment is a percentage of your total debt (capital and interest) and is:

  • 1,50% or
  • 3%


Early repayment option

You can repay all or part of the amount at any time at no cost.

How to get it

To learn more about the Open Payroll Personal Loan and apply for one:

  • Visit any Piraeus Bank branch
Find your nearest branch

Find out the supporting documents you need to provide to us in case you are not a Piraeus Bank’s customer or even if you are a Piraeus Bank’s customer and the identification documents you have provided to the Bank may not be valid as they are outdated.