Piraeus Bank has announced a series of new mortgage loans at preferential interest rate and simplified disbursement procedures, faithful to its commitment for on-going provision of solutions adapted to the customer needs. More specifically, the Bank has announced:
- The PREFERENTIAL MORTGAGE LOAN, at a low, preferential floating rate of 5.5% (Mortgage Loan Preferential Interest Rate). The pricing of this product, coupled with Piraeus Bank’s unique advantages, in terms mortgage loan disbursement speed, and the very high financing rate of the real estate’s value, render the preferential mortgage loan one of the most interesting mortgage loan choices in the Greek market.
- The Preferential Mortgage Loan FIXED FOR ONE YEAR. It is a loan offering with a fixed, low interest rate for the first year (3.75 %) and a floating rate equal to the Mortgage Loan Preferential Interest Rate (currently at 5.5 %) for the remaining loan term.
- The REPAIR LOAN WITHOUT COMPULSORY REGISTRATION OF FUTURE MORTGAGE on the real estate. This loan is targeted to individuals wishing to gain quick access to financing -up to € 35,000- without having to register a future mortgage on the real estate. Repair loans without registration of mortgage are granted at a floating rate of 8.25%. Combined with the extremely low file expenses, they are the most competitive loan offer in the market.
- The application of the very swift MORTGAGE LOAN WRITTEN PREQUALIFICATION IN 20’ (20 minutes!) by Piraeus Bank’s network of 220 branches. This procedure, which is already widely used abroad, enables the potential real estate buyer to specifically know in advance and receive written confirmation of the financing amount to be granted by the Bank, so as to search for the real estate and bargain much more effectively.
- Piraeus Bank still offers the «MORTGAGE ADVANTAGE» product, which includes0% interest rate in the first six months and 3.60 % in the next six months. At the same time, for those customers who wish for a mortgage loan at a fixed rate for a longer term, the Bank offers the fixed term products, at 6.5% for 3 years, 6.90% for 5 years and 7.25% for 10 years.
- Finally, if requested by the customer, there is a prequalification procedure for all Piraeus Bank’s mortgage loans, such as CONVENIENT revolving loan up to €3,000, Consumer loan up to €25,000 and free credit card. All these products are offered at a discounted interest rate for the borrower, up to 2.75 units compared to the standard bank interest rates.