Piraeus Open Business Working Capital

Open Working Capital available whenever you need it, through your bank account.
DESCRIPTION
  • Open Working Capital available whenever you need it, through your bank account.
REPAYMENT METHOD
  • Capital repayment at any time
  • Payment of interest only for the capital you have used
INTEREST RATE
Variable

based on the BLR
OTHER FEATURES
  • Availability to provide Piraeus e-banking Electronic Services without subscription
DESCRIPTION
  • Open Working Capital available whenever you need it, through your bank account.
REPAYMENT METHOD
  • Capital repayment at any time
  • Payment of interest only for the capital you have used
INTEREST RATE
Variable

based on the BLR
OTHER FEATURES
  • Availability to provide Piraeus e-banking Electronic Services without subscription

Financing Features

Amount

From €7,000. The amount is determined based on the turnover and transaction volume of each business. The working capital amount is renewed every 12 months.



Duration

Indefinite.



Indefinite

Variable, based on:

  • The Base Loan Rate (BLR) of Piraeus Bank – or
  • The Privilege Loan Rate (PLR)
    • Interest rates are also subject to the Law 128/1975 levy, currently at 0.60% (or 0.12% where this is foreseen).



Repayment

  • Pay only interest and the capital you wish, with the option of reusing the capital, or
  • Pay a minimum 5% for interest and capital each month, with the option of reusing the capital