ev-loan for Electric Car Purchase

Consumer loan for electric car purchase financing with competitive interest rate and fast procedures
INTEREST RATE
Variable 
Currently at
8.75%
LOAN TERM
6 to 84 months
LOAN AMOUNT
up to  €40,000

and up to 80% of the amount written on the pro forma invoice
KEY ADVANTAGES
  • Competitive interest rate
  • Without collateral
  • Flexible financing procedures
INTEREST RATE
Variable 
Currently at
8.75%
LOAN TERM
6 to 84 months
LOAN AMOUNT
up to  €40,000

and up to 80% of the amount written on the pro forma invoice
KEY ADVANTAGES
  • Competitive interest rate
  • Without collateral
  • Flexible financing procedures

Advantages

Flexible Financing

We actively support your green choices by offering you the ev-loan for the purchase of the electric car you need.


Financing with very favourable terms

  • Competitive variable interest rate, 2.35 points lower than the Base Consumer Loan Rate (BCR), at 8,75%
  • up to 80% of the amount written on the pro forma invoice
  • Long repayment term of up to 7 years

Instant quote

Learn about the features of the ev-loan without even having to submit a loan application:

Features

Loan amount

From €1,500 up to €40,000

We finance 80% of the amount written on the offer or pro forma invoice from the supplier.


Interest rate

The interest rate is variable, today at 8.75%, for the entire term of the loan.

The interest rate is subject to the Law 128/1975 levy. Today it stands at 0.60%.


Click here to see the overall APR example.


Loan term

The loan term depends on the loan amount:

  • For €1,500 to €6,000 – from 6 to 60 months
  • For €6,001 to €40,000 – from 6 to 84 months

In all cases, when you repay the last instalment, you (the borrower) must not be aged over 70.


Loan approval fee

€150 deducted from the amount disbursed to you.


Disbursement

Immediately, in one single instalment.


Repayment

In monthly instalments that repay interest and capital together. 

Repayments must be made in the form of standing orders from your deposit account.


Early repayment option

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


Insurance options

The Payment Protection Plan comes as an option. This form of insurance coverage provides compensation for:

  • Dismissal or temporary disability due to accident or illness, for full-time, private sector employees with a contract.
  • Hospital treatment and temporary disability due to accident or illness for freelance professionals, civil servants and part-time private sector employees with a contract

The compensation guarantees that:

  • Your Green Consumer Loan instalments will continue to be paid as normal for a set period.
  • Your insurance coverage will apply for the remainder of the plan, if you opt to continue it, even though you have fully or partially repaid the loan.

How to get it

To learn more about the ev-loan and apply:

  • 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. Additionally is required to provide us with the invoice/offer of the electric car.