From 3 up to 12 years, with possibility of grace period up to 3 years. 

The interest rate of RRF loans is determined by a Joint Ministerial Decision issued under the authorization of Article 4 of Law 4822/2021.

For each loan, the interest rate specified in the said GPA, as it applies at the time of signing the Final Recipient Loan Agreement and is confirmed by the Independent Appraiser (currently 0.35%). Loans through RRF are exempt from the contribution of Law 128/75 (0.60%).

The interest rate of Co-financing loans is determined in accordance with the Bank's credit policy.

• Fields, Buildings, Equipment, Means of Transport (purchase and use), Intangible purchase and use (depreciation/subscriptions) (e.g. trademarks, PC software, license agreements, etc.)
• Payroll linked to the investment plan
• Movements / bills of lading
• Third party services
• Consumables
• Operating expenses
• Working capital (operating expenses, expenses related to the transaction circuit of the business, VAT, etc.)
• Promotion and communication expenses (Marketing)

• Activities prohibited by applicable national legislation
• Activities that violate human rights and individual freedoms
• Use, development or production of defense products prohibited by international law
• Products and activities related to tobacco, gambling, sex trade
• Excluded activities from Horizon Europe funding
• Activities involving live animals for experimental and scientific purposes, as long as there is no guarantee of compliance with the relevant European Legislation.
• Real estate development activities (with certain exceptions)