Personal Loan "Kinisi Akinitou"

Personal Loan "Kinisi Akinitou" for property owners who wish to receive finance to cover needs or transfer debts from other banks. It offers low variable interest rate based on the Euribor 1M and the option of a mortgage lien on your property.
INTEREST RATE
Variable
Euribor 1M
LOAN TERM
Up to 240 months
LOAN AMOUNT
from €10,000

up to  €200,000
KEY ADVANTAGES
  • Low interest rate
  • High loan amount
  • Long repayment period
INTEREST RATE
Variable
Euribor 1M
LOAN TERM
Up to 240 months
LOAN AMOUNT
from €10,000

up to  €200,000
KEY ADVANTAGES
  • Low interest rate
  • High loan amount
  • Long repayment period

Advantages

Choice of interest rate

The Personal Loan "Kinisi Akinitou" offers you financing at preferential rates by placing a mortgage lien on a property (main home, holiday house or plot of land). With this amount you may:

  • Buy consumer goods
  • Cover personal and emergency expenses
  • Repay loan or credit card balances


Instant quote

Learn about the features of the Personal Loan "Kinisi Akinitou" 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 €10,000 to €200,000 (60% of the property value).



Interest rate

The interest rate varies with the Euribor 1M rate plus a spread of only 6.00%.

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 Personal Loan "Kinisi Akinitou".


Loan term 

The Personal Loan "Kinisi Akinitou has a term from 6 to 240 months.


In all cases, when you repay the last instalment, you (the borrower) must not be aged over 75.



Loan approval fee 

€350 deducted from the amount disbursed to you.You are also charged for expenses incurred by third parties for valuation, due diligence, court appearance and land registry.



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.



Mandatory insurance coverage

  • Life and permanent total disability insurance: you are advised to get insured against the risk of loss of life or inability to work because of permanent total disability. This way your insurance will repay the remainder of the loan in case of an accident and your family and loved ones will not be financially burdened. Piraeus Bank offers low rates for this insurance policy.
  • Fire and Earthquake insurance: You can insure your mortgaged property against Fire and Earthquake. Piraeus Bank offers low rates for this insurance policy.
You pay the premiums monthly, along with the loan instalment.



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 Personal Loan "Kinisi Akinitou" 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 Personal Loan "Kinisi Akinitou" 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.