personal Loan
Finance your very own adventure
Cover your personal needs with a loan that suits you
Consumer Loan
  • Interest rate from 5.36%
  • Choose between secured or unsecured loan
Ideal for
Any personal or unexpected financial need

Purchase of goods (furniture, home appliances, etc.)

Consolidation of existing debt

Transfer of a loan from another Bank

More about the product
Option for a loan without collateral or personal guarantees
Loan amount and interest rate depending on collateral
Longer repayment period for loans backed with mortgage
Variable or fixed interest rate for unsecured loans
Apply for a Personal Loan through our Mobile App

Fulfill your personal goals!

- Loan amount of up to €30.000
- Loan term of up to 7 years
- Without personal guarantees or collaterals
- Choose between fixed or variable interest rate

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Download the Hellenic Bank Mobile App
Discover all the ways you can manage your day-to-day banking online from anywhere.
Loan Calculator
Fill in according to the loan amount you are interested in. The interest 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. 

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Ready to make the first step?
We will be happy to welcome you as our new client
Frequently Asked Questions
For which purposes can I be financed?
You can request financing for any personal need, even wedding expenses and medical expenses as well as for the purchase of consumer goods, like furniture, home appliances etc.
The scheme is applicable for the consolidation of existing debt and the transfer of a loan from another bank.
How can I apply?
You can submit your request, by completing our online application form and we will contact you, or you can visit any branch of Hellenic Bank. For your convenience, you can book a physical meeting or a virtual meeting with the branch of your choice, through our website. 
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 apply for a loan without collateral and personal guarantees?

Yes. The product is also available without the requirement of collateral. The unsecured loan is granted to customers, based on their creditworthiness and according to the bank’s internal procedures. If you choose a secured loan, then you will benefit from a lower interest rate.
You can also use your savings as collateral and benefit from lower interest rates. 

 

The granting of the loan 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.  

What is the maximum loan amount?
For unsecured loans the maximum amount is €30.000
For secured loans the amount is determined based on the value of the collateral
It is noted that, 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.
What is the maximum duration of the loan?
For unsecured loans the maximum duration is 7 years whereas for secured loans the maximum duration is 10 years. In any case, the maturity of the loan cannot exceed the 65th year of age of the borrower.
What is the interest rate of the loan?

The offered interest rate is determined based on criteria evaluated and applied by Hellenic Bank and may differ in each case.

For representative examples click here.

How is the type of interest rate (fixed, variable) determined?
Unsecured loans are offered at a fixed or variable interest rate. Secured loans are offered at a variable interest rate.
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
What is my loan’s base rate?
Loans with variable interest rate are linked to the Bank’s Main Base Rate. The interest rated of fixed rate loans is not affected by any fluctuations in the Bank's Main Base Rate.
How is my loan’s Base rate calculated?
Hellenic Bank’s base rates are based on the CBC Index. The Index is defined as the value of the interest rate applicable to the previous month’s euro-denominated deposits from households with agreed maturity up to 1 year, which is published on a monthly basis on the official CBC website. The average of the 3 last values of the CBC Index is considered the “Reference Rate”, rounded up to two decimal places. The fluctuation of the Base Rates is calculated as the difference between the value of the last two Reference Rates. Each of Hellenic Bank’s base rates will be adjusted on a quarterly basis on 16 February, 16 May, 16 August and 16 November of each calendar year (the Adjustment Dates). For more info click here.

How can I be informed about the fluctuations of Hellenic Bank's Main Base Rate?
For loans with variable interest rate which are linked to the Bank’s Base Rate, the Bank sends relative letters to inform customers, at every fluctuation of the Main Base Rate. Additionally, the values of the Bank’s Main Base Rate throughout the years are published here.
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.
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 are the types of charges/ costs that I need to be aware of?

For the granting of your loan, the Bank charges loan arrangement fees and legal documentation fees.

In addition, there are certain fees which must be paid which are regulated by law, such as:

  • Cost for the registration of the property to Land Registry Office (for secured loans)
  • Stamps for loan documents paid to the Commissioner of Taxation

Property valuation fees as well as life insurance and property insurance (for secured loans)Any bank fees are always charged based on the conditions of your contract/ agreement with the bank.The above fees can be included in the initial loan amount, subject to loan maximum amount criteria.

Do I have a right of withdrawal?

Once you have signed the consumer loan agreement, you have the right to withdraw as follows:

  • In case your loan is secured with mortgage, within five (5) business days from the date of execution of the loan agreement, by giving or sending relevant written notice to the Bank, unless any amount of such loan is disbursed before expiry of the abovementioned withdrawal period.
  • In case your loan does not exceed the amount of €75.000 and is not secured with mortgage, within fourteen (14) calendar days from the date of execution of the loan agreement, by giving or sending relevant written notice to the Bank.
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.

 
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.
Loan Warnings
WARNING: You run the risk of losing your immovable property if you do not pay your loan which is secured by mortgage on your immovable property.

WARNING: For variable interest rate loans and a mortgage, there are charges if you repay your loan earlier.

WARNING: The instalment amount and the total cost of the loan may increase or decrease, depending on the fluctuation of the base rate.

WARNING: The repayment period of the new consolidated loan might be longer than repayment period of the underlying loans to be consolidated. The increase of the loan repayment period implies a greater total cost of credit.
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