business e-loan

With 4 simple steps through Piraeus e-banking, you can submit your application any time and disburse the approved amount

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	Design your loan Configure your loan repayment plan with the loan calculator. Choose the product that fits your needs, enter the loan amount and terms and fix the loan instalment you want.			Submit your application any time Confirm or register your personal and business information, attach the necessary documents and submit your loan application			Guarantors Freelancers and Individual Businesses (Physical Persons): Indicate whether you wish to add a guarantor to your application. Other types of Businesses (Legal Entities): Those involved in the business are automatically added as guarantors to your application.			Loan Disbursement Your application is evaluated by the Bank and, once it has been approved, you and the guarantors have to sign the contractual document with authorized electronic signature (OTC), and the loan is disbursed to your business account

Throughout the process you will get full information via email. The loan contract, as well as all necessary forms will be available through Piraeus e-banking.

You contribute to the environmental protection by saving paper and reducing the environmental footprint.

Amount

From €7,000 to €30,000.
The amount of the limit is determined by the turnover and transaction volume of each business.

Duration

• Piraeus Open Business e – loan
  Indefinite with annual review
• Piraeus Business e – loan
  Up to 5 years

Interest rate

Variable interest rate, based on the Base Lending Rate (BLR) of Piraeus Bank
Interest rates are also subject to the Law 128/1975 levy, currently at 0.60%

Collaterals

Repayment

• Piraeus Open Business e – loan
  Minimum monthly payment of 5% (interest and principal) on each balance.
• Piraeus Business e – loan
  Equal monthly instalments including capital and interest.

Loan expenses

The product is available exclusively online, through Piraeus e-banking.

Basic steps of Piraeus business e-loan process

Loan configuration using a calculator

You choose the product, the amount and the repayment period and see how the instalment and repayment terms of the financing are formed.

Application

Fill in and confirm the company and personal details that will be requested, attach the necessary supporting documents and submit your application. If there are guarantors, their acceptance and document submission is expected in order to finalize the submission and start the processing of the application by the Bank.

Credit evaluation

The Bank receives the loan request, it proceeds with its evaluation and you receive notification of its result via email notification to the email you have registered with the Bank.

The loan is granted based on the current credit criteria of Piraeus Bank.

Contract signing

If your application is approved, the loan contract is signed by the borrower and, if any, by the guarantors, with an authorized electronic signature (OTC). This certificate is provided to you free of charge, by an Authorized Trust Service Provider cooperating with the Bank, following your relevant request that you submit at the time you are asked to sign the contract.

After signing the contract, you will be able to access the relevant file through Piraeus e-banking.

Loan Disbursement

• Piraeus Open Business e-Loan
  The loan is disbursed during Bank's working days and hours. Funds are automatically credited to the account you selected when applying.
• Piraeus Business e – loan
  The funds appear in the limit account for immediate use.