Mortgage loan secured by deposits (Cash Collateral)

From €20,000

The loan amount depends on the purpose and the amount of the deposit used as collateral (which must cover 105% of the loan amount).

From 3 to 35 years

Note:
In case of refinancing a loan from another bank, the maximum term may be extended by up to 3 years beyond the remaining loan term.

Variable interest rate, based on one-month Euribor, plus a preferential fixed spread of 1%.

The interest rates of both the deposit and the loan share the same reference rate (one-month Euribor). The difference between the loan and deposit rates is set at 1.00%, resulting in the actual interest cost of the loan being only 1%, plus the levy under Law 128/75.

The interest rate is subject to the levy of Law 128/75, currently set at 0.12% for residential properties and 0.60% for commercial properties.

• The product is also available for the acquisition of commercial property, with no increase in the loan spread
• The product is offered with a 1% spread for applications submitted until 31/12/2026.

For a mortgage loan amount of €100,000 for the purchase of a residence, secured by a pledge of a “European Yield” term deposit, with a repayment period of 35 years (i.e. 420 monthly installments), and a variable interest rate based on the 1-month Euribor (1.99% as of 13/02/2026) plus a fixed spread of 1% (plus Levy Law of 128/75 0.12%), application fee 150€, the following apply:

• Monthly installment: €388.23
• Total Credit Amount: €100,000
• Total Credit Cost: €63,256.11
• Total Amount Payable: €163,256.11
• APR: 3.12%

• The APR, the monthly instalment and the total amount payable are provided solely for illustrative purposes and are calculated only on the assumption that the above-mentioned data apply.
• The APR is calculated based on the assumption that the variable rate will remain at current levels for the entire loan term.

Option to grant a grace period of 6–18 months, with interest capitalised at its expiry, for loans with purpose of construction, completion, or the purchase of a property under construction.

According to the bank's Pricing list.

Full or partial early repayment at any time, without charge.

Cash collateral (105% of the loan amount).

Specifically, the collateral amount is placed in a term deposit bearing one-month Euribor interest. The term deposit is renewed monthly and interest is credited to the linked deposit account. On each annual anniversary, the term deposit amount is reduced so that it does not exceed 105% of the outstanding loan balance.

In monthly instalments covering both interest and principal.

If a grace period applies, no monthly instalments are payable during this period, and the interest accrued is capitalised into the outstanding loan balance.

• The installments are paid automatically from your linked bank account.
• Each installment is paid on the same date of each calendar month, and its amount is calculated based on the prevailing interest rate and the number of installments.
• The instalment amount may vary depending on fluctuations in the interest rate.
• The interest is calculated based on a calendar year of three hundred sixty-five (365) days.
• The number of instalments is determined by the loan term selected by the customer.
• Non-compliance with obligations from the loan contract may have legal or financial consequences for the borrower.

Depending on the purpose of the loan:

• Lump sum for the purchase of a completed property
• Partial disbursements based on the progress of works, for the purchase of a property under construction, completion, renovation or repair of a property

No insurance coverage is required for the financed property.

By choosing a mortgage loan secured by deposits from Piraeus Bank, you enjoy additional benefits:

• Reward of up to 2,000 yellows per instalment (€1 of each instalment amount = 1 yellow), for the consistent repayment of your loan instalments. Learn more at www.piraeusbank.gr/yellow.
• Option for additional financing through consumer loan to cover initial setup costs for your new residence.

You can view here the General Information Document with all the legally required information and explanations.

• Valid national ID card or passport

For employees and pensioners:

• Tax clearance note of the last fiscal year
• Income tax return (form E1) of the last fiscal year
• For employees: latest pay slip or official certificate of earnings from the company's accounting department (not handwritten), which must include detailed professional information, date of hiring,  gross and net earnings, insurance contributions, tax, etc.
• For pensioners: quarterly/monthly pension statement or the latest pension payment slip or pension award decision in cases where a pension application has been submitted

For freelancers / business owners / farmers & livestock breeders:

• Tax clearance notes for the last two (2) fiscal years
  
•  Income tax return (form E1) for the most recent fiscal year
•  Documents for the last two (2) fiscal years proving the turnover of a sole proprietorship, general partnership (O.E.) limited liability company (E.P.E.), etc. (form E3 or form N)
•  Dividend distribution certificate, if there is participation in a company

• If there is real estate property: Form E9 and Form E2 for the most recent fiscal year, if there is income from property.
• For repayment of a mortgage loan from another bank: bank statement or the two (2) most recent mortgage loan statements.

• During the evaluation of the application, additional documents/information may be requested.
• Identification and income documentation is required from every party involved in the loan (borrower/co-borrower/guarantor).

For citizens of EU Member States & residents abroad:

• Valid passport or national ID card from your country (with Latin characters)

For all other categories of economic migrants:

• Valid residence permit or valid passport from your country or special Identity Card for individuals of Greek descent (in case of Greek nationality) or foreigner’s Identity Card (in case of no Greek nationality)
  

For employees and pensioners:

• Tax clearance statements for the last three (3) fiscal years
• Income tax return (form E1) for the latest fiscal year
• Electricity and landline or mobile phone bill, if the residence address stated in the loan application differs from that on the tax clearance statement
• For employees: latest pay slip or official salary certificate from the company’s accounting department (not handwritten), which must include detailed employment information, date of hire, gross and net earnings, insurance contributions, tax, etc.
• For pensioners: quarterly/monthly pension statement or latest pension payment slip or pension award decision (if a pension application has been submitted)

For freelancers / business owners / farmers & livestock breeders:

• Tax clearance statements for the last three (3) fiscal years
• Income tax return (form E1) for the latest fiscal year
• Documents for the last three (3) fiscal years proving business turnover for sole proprietorships, general partnerships (O.E.), limited liability companies (E.P.E.), etc. (form E3 or form N)
• Dividend distribution certificate, if there is company participation

For employees/pensioners:

• Tax clearance statements for the last two (2) fiscal years from the country of residence
• Latest pay slip/pension slip from the country of residence
  

For freelancers / business owners / farmers & livestock breeders:

• Tax clearance statements for the last two (2) fiscal years from the country of residence
• Proof of profits and business turnover for the last two (2) fiscal years from the country of residence
  
• Transactional behavior check documents (e.g., from Experian). Specifically, U.S. residents must provide credit reports from Experian (www.experian.com) & TransUnion (www.transunion.com)

• If there is real estate property: form E9 and form E2 for the latest fiscal year, if there is rental income
• For repayment of a mortgage loan from another bank: bank statement or the last two (2) mortgage loan statements

• During the evaluation of the application, additional documents/information may be requested
• Identification and income documents must be submitted for each party involved in the loan (borrower/co-borrower/guarantor)