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Individuals Loans
Consumer Loans

Individuals Loans
Consumer Loans

«Pangritia – Fititiko Stirigma»

New Consumer Loan for financing tuition fees and other student expenses

Beneficiaries: Undergraduates and Postgraduates, studying in Greece or abroad*

TARGET CLIENTS

Greek students who are above 18 years of age, studying in educational institutions in Greece or abroad as undergraduates or postgraduates

LOAN AMOUNT

From €1.500 up to €20.000 € per student

LOAN TERM

- From 18 months up to 60 months (for €1.500 to €5.000)

- From 18 months up to 84 months (for €5.000 to €20.000)

INTEREST RATE

Variable
Reference Interest Rate: ECB

INTEREST RATE MARGIN**

From 10,5 % to 12,5%. Interest rates are subject to the Law 128/1975 levy (today 0,60%)

ADVANTAGES
  • No administrative fees
  • Fast approval procedures, immediate disbursement
  • Flexible repayment options
  • No collateral required
  • Optional insurance programs for life protection or coverage against theft/loss of personal items or cards «SynWallet»
  • Option to open the “DYNAMIKO KSEKINIMA” Current Account for Students and have access to its preferential terms. No additional supporting documents required
ADDITIONAL FEATURES
  • Grace period up to 12 months, with payment of interest only.
  • Early repayment (for all or part of the amount ) at no cost
  • Interest rate and loan term can continue after graduation

*A joint debtor is required with whom the student has a legitimate relationship and who is able to actively contribute to the repayment of the loan.

**The interest rate margin is based on client’s profile and the overall relationship with the bank. 

Consumer-Personal Loan without collateral

New Consumer Loan tailored to personal and consumer needs

TARGET CLIENTS:

Individuals who maintain a permanent residence and personal income in Greece

LOAN AMOUNT:

From €1.000 up to €20.000

LOAN TERM & DISBURSEMENT:

Loan term up to 7 years (84 months)
Loan disbursement is made in a lump sum at the deposit account kept by the borrower in the Bank.

INTEREST RATE MARGIN & EXPENSES:
  • Variable interest rate based on Euribor 1M and a margin of 13% plus 0.60% levy under L.128/75. *
    In the event that the Euribor 1M interest rate receives a negative price, a zero interest rate will apply for as long as this is the case.
  • The loan management fee is €200.

* Overall APR 16,49% (Indicatively for a loan amount of €5,000 with a total term of 36 months, an interest margin of 13%, plus levy 0.60% and expenses of €200)

COLLATERAL:

Collateral is not required.
Guarantee of a natural person may be requested if deemed necessary during the application assessment.

EARLY REPAYMENT:

Partial or total repayment without charges.

OPTIONAL INSURANCE:

Optional life and permanent total disability insurance.

NECESSARY CONDITION:

The borrower, or the guarantor, should not exceed seventy (70) years of age at the repayment of the loan.

Consumer Loan without collateral for Employees and Pensioners

New Consumer Loan tailored to personal and consumer needs

TARGET CLIENTS:

Individuals who receive their payroll or pension from Pancreta Bank and maintain a permanent residence and personal income in Greece

LOAN AMOUNT:

From €1.000 up to €20.000

LOAN TERM & DISBURSEMENT:

Loan term up to 7 years (84 months)
Loan disbursement is made in a lump sum at the deposit account kept by the borrower in the Bank.

INTEREST RATE MARGIN & EXPENSES:
  • Variable interest rate based on Euribor 1M and a margin of 11% plus 0.60% levy under L.128/75. *
    In the event that the Euribor 1M interest rate receives a negative price, a zero interest rate will apply for as long as this is the case.
  • If during the loan the payroll or pension of the borrower ceases to be credited at Pancretan Bank, the interest rate margin automatically changes to 13%.
  • The loan management fee is €200.

* Overall APR 14.46% (Indicatively for a loan amount of € 5,000 with a total term of 36 months, an interest margin of 11%, plus levy 0.60% and expenses of €200)

COLLATERAL:

Collateral is not required.
Guarantee of a natural person may be requested if deemed necessary during the application assessment.

EARLY REPAYMENT:

Partial or total repayment without charges.

OPTIONAL INSURANCE:

Optional life and permanent total disability insurance.

NECESSARY CONDITION to GRAND:

The borrower, or the guarantor, should not exceed seventy (70) years of age at the repayment of the loan.

Consumer Loan For Payment Of School Tuition Fees

With the new consumer loan, you can now cover the cost of the yearly tuition fees as well as the optional activities and moving expenses of students attending a Greek private school. 

Loan Amount:

From €3,000 up to €15,000

Loan Term:

Up to 24 months (for €3,000 to € 7,500)

Up to 36 months (for € 7,501 to € 15,000)

Advantages:
  • No collateral required
  • Fast procedures in approval and disbursement of the loan
  • No penalty for early payment
  • Preferential interest rate
  • Optional insurance in SynWallet

and also

  • Free of charge issuance of Pancreta Debit Mastercard
  • Subscription on Pancreta Online e-banking services at no cost
Interest Rate & Expenses:
  • Variable interest rate based on Euribor (monthly).
  • Interest Rate Margin 9,50%, plus Law 128/75 Levy (0,60%)*
  • Loan management fee, €50

*Overall APR: 11,11% (for €5.000, a total term of 24 months, spread 9.5% plus levy 0,60% and fees €50)

Loan Repayment:
  • Monthly installments (principle plus interest)
  • Repayment of all or part of the amount, any time at no cost
  • Repayment in the form of standing order from your deposit account
Documents required: (Deemed necessary the bank may require additional documents during loan assessment)
  • Private School Application Form
  • List of yearly costs and expenses from the school secretariat
  • For salaried employees
    • Latest income tax return form
    • Recent annual income certificate or last payroll slip
  • For freelance professionals

    • Documents proving the turnover of the proprietorship for the last 2 years