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Individuals Loans
Consumer Loans

Individuals Loans
Consumer Loans

  • micro Solutions for you

    We stand by you in your daily life needs providing tailor made solutions.

    Enjoy flexibility in meeting all your personal needs and fulfilling your desires with the consumer loan micro Solutions for you that offers adjustable interest rate according to the amount you borrow.

    Beneficiaries:

    Individuals with a permanent residence and income in Greece

    Loan amount and Loan Term:
    • € 1.000 with loan term up to 12 months
    • From € 1.000,01 to € 2.000 loan term up to 24 months
    • From € 2.000,01 to € 3.000 loan term up to 36 months
    Interest Rate:

    Variable interest rate calculated at Euribor 1M plus spread that depends on the loan amount (interest rate is subject to Law 128/75 levy)

    • For amount € 1.000
      Euribor 1M plus spread of 9,00% (plus Law 128/75 levy)*
    • For amounts from € 1.000,01 up to € 2.000
      Euribor 1M plus spread of 9,25% (plus Law 128/75 levy)**
    • For amounts from € 2.000,01 up to € 3.000
      Euribor 1M plus spread of 9,50% (plus Law128/75 levy)***

    - The loan approval fee is € 90
    - In case of Euribor 1M being negative and for the whole period that it remains negative, zero reference interest rate will be applied

    * APR: 31,63% for a € 1.000 loan with nominal variable rate of 9,00% (Euribor 1M, today 0%, plus spread 9,00%), a loan term of 12 months plus one-off loan approval fee of € 90 (including Law 128/75 levy, today 0,60%)

    ** APR: 15,50% for a € 2.000 loan with nominal variable interest rate of 9,25% (Euribor 1M, today 0%, plus spread 9,25%), a loan term of 24 months plus one-off loan approval fee of € 90 (including Law 128/75 levy, today 0,60%)

    *** APR: 12,91% for a €3.000 loan with nominal variable interest rate of 9,50% (Euribor 1M, today 0%, plus spread 9,50%), a loan term of 36 months plus one-off loan approval fee of € 90 (including Law 128/75 levy, today 0,60%)

    Repayment:

    Loan’s repayment is carried in monthly installments through the borrower’s deposit account at Pancreta Bank

    Early Repayment:

    All or part of your loan can be repaid at any period, even before the agreed date, without charges

    Collateral:

    No collateral required

    A guarantor may be deemed necessary while assessing the loan

    Optional Insurance:

    We offer you the opportunity to securely repay your loan in case of unforeseen events through the Borrowers’ Life insurance program that covers loss of life for any reason or Total Permanent Disability (TPD)

    Advantages:
    • Fast approval and disbursement process
    • Flexibility in repayment
  • Solutions for you

    We stand by you in every choice you make.

    Fulfill your wishes and cover all your personal needs with the consumer loan Solutions for you.

    Beneficiaries:

    Individuals with a permanent residence and income in Greece

    Loan Amount:

    From € 3.000 up to € 25.000

    Loan Term:

    From 6 months up to 84 months

    Interest Rate:

    Variable interest rate calculated at Euribor 1M plus spread of 12,00%
    (plus Law 128/75 levy, today 0,60%)*

    - The Loan approval fee is € 180
    - In case of Euribor 1M being negative and for the whole period that it remains negative, zero reference interest rate will be applied


    * APR: 14,26% for a € 10.000 loan with nominal variable interest rate of 12,00% (Euribor 1M, today 0%, plus spread of 12,00%), a loan term of 60 months plus one-off loan approval fee of € 180 (including Law 128/75 levy, today 0,60%)

    Repayment:

    Loan’s repayment is carried in monthly installments through the borrower’s deposit account at Pancreta Bank

    Early Repayment:

    All or part of your loan can be repaid at any period, even before the agreed date, without charges

    Collateral:

    No collateral required

    A guarantor may be deemed necessary while assessing the loan

    Optional Insurance:

    We offer you the opportunity to securely repay your loan in case of unforeseen events through the Borrowers’ Life insurance program that covers loss of life for any reason or Total Permanent Disability (TPD)

    Advantages:
    • Fast approval and disbursement process
    • Flexibility in repayment
  • Solutions for you for salaried employees and pensioners

    The consumer loan Solutions for you is offering preferential interest rate of 10% for our clients who receive their payroll/pension at Pancreta Bank.

    Beneficiaries:

    Individuals with a permanent residence and income in Greece who receive their payroll or pension through a Pancreta Bank account

    Loan Amount:

    From € 3.000 up to € 25.000

    Loan Term:

    From 6 months up to 84 months

    Interest rate:

    Variable interest rate calculated at Euribor 1M plus spread of 10,00%
    (plus Law 128/75 levy, today 0,60%)*

    - The loan approval fee is € 180
    - In case of Euribor 1M being negative and for the whole period that it remains negative, zero reference interest rate will be applied
    - In case there is a cut off in the deposit of salary or pension, after the loan’s disbursement, the interest rate’s spread automatically turns to 12,00%


    * APR: 12,00% for a € 10.000 loan with nominal variable interest rate of 10,00% (Euribor 1M, today 0%, plus spread of 10,00%), a loan term of 60 months plus a loan approval fee of € 180 (including Law 128/75 levy, today 0,60%)

    Repayment:

    Loan’s repayment is carried in monthly installments through the borrower’s deposit account at Pancreta Bank

    Early repayment:

    All or part of your loan can be repaid at any period, even before the agreed date, without charges

    Collateral:

    No collateral required

    A guarantor may be deemed necessary while assessing the loan

    Optional Insurance:

    We offer you the opportunity to securely repay your loan in case of unforeseen events through the Borrowers’ Life insurance program that covers loss of life for any reason, or Total Permanent Disability (TPD)

    Advantages:
    • Fast approval and disbursement process
    • Flexibility in repayment
  • Bridge Pension – consumer loan for the time period between retirement application and initial pension payment

    We support our clients at every stage of their life.

    Bridge Pension is aiming to cover the occurring needs of applicants for retirement until their pension is granted.

    Beneficiaries:

    Individuals: civil servants and members of ex ETAA eligible to receive pension

    Loan Amount:

    The maximum loan amount is € 20.000, calculated by doubling the estimated amount of the temporary pension for a period of 6 months

    Interest rate:

    Variable interest rate calculated at Euribor 1M plus spread of 9,00%

    (plus Law 128/75 levy, today 0,60%)*

    *APR: 15,50% for a € 10.000 loan with nominal variable rate of 9% ( Euribor 1M, today 0%, plus spread 9%), a loan term of 24 months, with 6 months grace period and zero approval fee (plus L.128/75 levy, today 0,60%)

    Key Advantages:
    • Repayment up to 24 months under the condition that the borrower is not over 70 years of age at the due date of the loan
    • 6 months interest bearing grace period that relieves the borrower
    • Option to extend the grace period for another 6 months and consequently elongate the loan term. Applicable under conditions.
    • Zero loan application fees
    • No collateral required. Personal guarantees may be deemed necessary.
    • All or part of the loan can be repaid at any period without penalty
    Supporting Documents:
    • A copy of the retirement application where should be noted that the account for the pension to be deposited is held at Pancreta Bank
    • Candidate’s Solemn Declaration L. 1599/86 referring the estimated amount of temporary pension
    • The Administrative Tax Assessment Certificate of the last 2 years
    • ENFIA or E9 document

    Plus

    For civil servants

    • Salary receipt of the last 2 months before the retirement application
    • Certificate of employment alterations

    For members of ex ETAA

    • Electronic proof of stamps of the last 12 months of employment before the retirement application’s date
    • Tax and social security clearance
  • «Pangritia – Fititiko Stirigma»

    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 Loan For Payment Of School Tuition Fees

    With the 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