Interest rate from 5.15%
Contribution from 0%
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.
This is why through the green car financing scheme, you benefit a lower interest rate than the respective interest rate of car hire purchase, as well as with an additional discount on your annual motor insurance premium from Pancyprian Insurance.
For car financing, requests are also forwarded to the bank by car dealers and always after your consent, which can speed up the application process.
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
- The purpose and nature of your business relationship with the bank
- 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)
- 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.
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
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.
The granting of the hire purchase is subject to the Bank obtaining satisfactory guarantees/securities. The Bank reserves the right to request for additional collaterals according to its lending policy at the time.
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.
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.
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.
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