CAR financing
Don't dream it. Drive it.

Doesn’t matter if it is new or used, you can now get your dream car with a complete car financing solution!

Car Hire Purchase
  • Contribution from 0%
Main features
Fixed or Variable interest rate

No initial Βank charges

No prepayment fees

More about the product
New and used cars
Interest rate depending on the amount of contribution
Repayment period of up to 7 years
Option for a fixed or variable interest rate
Discount on motor insurance
CarLoan
Apply online on the Hellenic Bank Mobile App
Download the Hellenic Bank Mobile App
Discover all the ways you can manage your day-to-day banking online from anywhere.
Calculate your instalment and submit your application here
Fill in according to the loan amount you are interested in. The eligibility form will then appear to start the application process.
Find out if you are eligible for a loan

The data in reference are for guidance only, should only be used for guidance and do not, in any way, constitute professional advice. The exact numbers may differ in real time from the facility being granted.

Please read carefully bellow.


Banking At your Fingertips
Hellenic Bank Mobile App

Manage your finances easier and faster using Hellenic Bank Mobile App. Instant payments to your friends via Contact Pay, Biometric identification for authorisation of transactions, tracking your account balances and savings from anywhere. Whenever you want, wherever you want... we are bringing the Bank to your fingertips.

Online Banking

Keep on top of your finances and see all your accounts, cards and loans online. Check your account balances, view transactions, make payments, set up Time Deposits, transfers and more – securely.

Ready to make the first step?
Calculate your monthly instalment and fill in the Eligibility form or Book a physical or online meeting with the Hellenic Bank Branch of your choice.
Frequently Asked Questions
What are the financing terms?
Financing is provided based on the financial leasing agreement, through which the item is registered in the name of the client and the bank (co-ownership) until the financing amount is fully paid. Ownership of the item is entirely transferred to the client upon the completion of all initially agreed installments, as well as any expenses stipulated in the contract.
How can I apply for car financing?

If you are an existing customer, you can apply for a loan through the Hellenic Bank Mobile App. Alternatively you can submit your request online: use our website’s online calculator to calculate your instalment, complete the Interest Form and we will contact you.

If you would like to speak with a Bank representative, you can book an online or branch meeting through our website.

Car Financing requests can be forwarded to the Bank through car dealers, following your consent, which can speed up the application process.

What is the process I need to follow to get the financing?
Once the final car order/ invoice, provided to you by the dealer, is submitted to the bank, as well as the required supporting documents, the bank will proceed immediately with the evaluation of your request and with the relevant approval given that internal criteria are met. Following the approval of your application, the dealer is paid directly by the bank; the only thing you need to do is pick up your car from the dealership.
What types of documents are required?

To evaluate your application, we need from you the necessary documents for the confirmation of the below information

- Identity information
- Income information
- Contact information
- Professional activity details

For existing customers, an updated version of the above must be submitted
Additional details and information may be requested regarding

  1. The purpose and nature of your business relationship with the bank
  2. Information about your economic/ transaction profile

Regarding supporting documents verifying your income, indicatively, the following will be requested:

Employees of the private/ public sector

  • Payslips from the last three months
  • Supporting documents for any other source of income (if applicable)


    Self- employed
  • Income Tax form or Social Insurance statement or other supporting documents

The above supporting documents required for the assessment of your loan application are indicative and may be differentiated depending on each case. For more details please contact your Relationship officer.

Can I get a loan for the full amount of the car’s value?
Yes. The loan amount is the remaining amount of the car’s price minus any down payment you decide to pay.
What is the interest rate of the loan?
The interest rate is determined based on the amount of your contribution. For more details, please contact any Branch of your convenience.
It is noted that, based on criteria evaluated and applied by Hellenic Bank, the offered interest rate, the collateral and the terms of financing may differ in each case.

For representative examples click here

What is the discount on motor insurance offered through this scheme?
By choosing car financing through our bank, you can benefit from a 15% discount on the annual motor insurance premium from Pancyprian Insurance.
For the discount, terms and conditions are determined by Pancyprian Insurance. Pancyprian Insurance reserves the right, at its sole discretion, to withdraw/amend this offer at any time. Hellenic Bank Public Company Ltd, Pancyprian Insurance Ltd and Hellenic Life Ltd, can in their absolute discretion, reject an application according to their policy at any given time.
Do other financing conditions apply for the purchase of a new vs a used car?
Yes, pricing (interest rates) and maximum duration is differentiated in case you choose to buy a used car. For more information/ clarifications you may contact any branch of Hellenic Bank.
What collaterals are required for car financing?
Financial leasing requires co-ownership of the financed car, as well as assignment to the bank of full comprehensive motor insurance.
The Bank reserves the right to request for additional collaterals according to its lending policy at the time.
The granting of the hire purchase is subject to the Bank obtaining satisfactory guarantees/securities.
Can I request for financing to buy a motorcycle?

Yes, the option of financial leasing is available for the purchase of motorcycle, provided that it is new and not used, with differentiated conditions (pricing, maximum duration). For more information/ clarifications you may contact any branch of Hellenic Bank.

Can I repay part or the full balance of my loan earlier?
Yes, you can repay your loan at any time, partially or in full, without any charge.
What are the differences between fixed interest rate and variable interest rate?
At a fixed rate, the interest rate remains unchanged throughout the duration of the loan. This means that both your instalment and total cost will also remain unchanged, unless the agreed repayment schedule is not followed.
 
The variable interest rate varies since it consists of the Hellenic Bank Main base rate plus margin. The margin remains fixed throughout the term of the loan; however the total interest rate fluctuates according to the methodology for calculating Hellenic Bank Base Rates which can be found here
How can I pay my monthly instalment?
For your convenience we recommend that your monthly instalment be paid through a standing order from your account each month. Alternatively, you can pay your monthly instalment via Online banking.
What happens if I don’t pay my instalment on time?
If you delay in paying your monthly instalment, the total cost of your loan may increase, due to additional charges, as per your agreement with the bank.
If you are experiencing financial difficulties and cannot pay you instalment in accordance to the terms of your contract with the bank, please contact us as soon as possible in order to agree on a new repayment schedule that will meet your new financial conditions.
What fees do I have to pay for the granting of the loan?
For car financing, we do not charge any arrangement or documentation fees.
At the settlement of the loan, the car ownership is transferred solely in your name, and you are required to pay €30.50 to the bank as an option fee. The option fee is added to the amount of your final instalment.
Any other bank fees are always charged based on the terms of your contract/ agreement with the bank.
How is the maximum amount I can borrow determined?
Once you submit the necessary information and after evaluation by the bank, the amount of loan that the bank considers that you can serve is determined, based on the cost of living, your income and expenses.
Do I have a right of withdrawal?
You do not have the right of withdrawal, after signing the financial leasing agreement.
What does Annual Percentage Rate (APR) mean?
The APR is the total cost of the loan to the customer expressed in terms of interest rate.
It is considered the best tool for comparing the actual cost of borrowing, as it includes all loan expenses (payments and expenses paid by the customer to the Bank but also to third parties, e.g. government expenses, valuation costs, insurance, etc.).
The APR helps you form a complete picture and compare with different schemes of the bank or schemes offered by other banks.

For representative examples click here
What should I be aware of if I have a foreign currency loan
In case the loan, is a foreign currency loan, the possible exchange rate fluctuations could affect the amount payable.
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