Open Personal Loan

An open personal loan with immediate access to cash to help you cover regular or emergency personal and consumer expenses.
INTEREST RATE
Variable
From 14.25%
LOAN TERM
Indefinite
LOAN AMOUNT
from €1,500

Up to €20,000

KEY ADVANTAGES
  • Immediate access to cash
  • Cash for emergencies
  • Minimum monthly instalment
    of 1.5% or 3%
INTEREST RATE
Variable
From 14.25%
LOAN TERM
Indefinite
LOAN AMOUNT
from €1,500

Up to €20,000

KEY ADVANTAGES
  • Immediate access to cash
  • Cash for emergencies
  • Minimum monthly instalment
    of 1.5% or 3%

Advantages

Immediate access to cash

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

  • Use it to cover emergencies or regular expenses


Flexible repayment

With the Open Personal Loan you pay:


  • 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 210 32 88 000, 24/7


Features

Loan amount

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



Interest rate

The interest rate is variable and depends on the Open Personal Loan amount.

Loan amount Interest rate
From €1,500 to €3,000
 
16,50%
From €3,001 to €6,000
  
15,75%
From €6,001 to €15,000
  
15,25%
From €15,001 to €20,000
  
14,25%


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 Personal Loan.



Loan term

The Open 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 annual fee is €70 and is paid  the birthday date of the first use.



Loan approval fee

€200 paid on the first use. 



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 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.