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At NBG, we are fully aware that businesses have many and various financial needs.

That’s why we’ve developed an integrated financial programme to address effectively the full range of your business needs, including:

  • purchase or restoration of business premises
  • purchase of equipment
  • purchase of company car
  • enhancing liquidity
  • purchase of intangible assets
  • purchase of entry fees for franchising
  • investment projects within the scope of Law 3908/2011 and the actions of the National Strategic Reference Framework.

If you run a sole proprietorship or a business with turnover less than €2.5 million, you can rely on NBG’s Business Multiloan to streamline your business needs, save time and money, and ensure your business growth.

For more information, see Details.

Beneficiaries

Sole proprietorships and firms with turnover less than €2.5 million.

Purpose

NBG’s Business Multiloan can help you with various business needs, such as:

  • purchasing a car for your firm
  • purchasing mechanical and other equipment
  • purchasing intangible assets (e.g. patents, software, trademarks, entry fees for franchising)
  • restoring / improving owner-occupied business premises or property for utilization
  • purchasing / building business premises for use by your business or property for utilization (purchase of land also financed)
  • enhancing business liquidity though real estate collateralization (which should also serve to finance the difference between the purchase price and the fair value of land or business premises you may wish to purchase).

Amount

From €10,000. For loans up to €50,000 for purchasing mechanical equipment, intangible assets or improving business premises, no documentation required.

Term

Business Multiloan is granted for the following duration:

  • for purchasing a business car, up to 15 years
  • for purchasing mechanical and other equipment, up to 15 years
  • for purchasing intangible assets, up to 15 years (up to 20 years for loans over €100,000)
  • for improving owner-occupied business premises or property for utilization, up to 15 years
  • for purchasing / building business premises, up to 25 years, and
  • for enhancing liquidity by means of security over property
    • up to 25 years, for loans granted supplementary to loans for purchasing land / business premises
    • up to 7 years, for restructuring your firm’s debts.

Grace period

Up to 18 months, depending on the term and the purpose of the loan, with or without capitalization of interest.

Repayment

Through equal amortization instalments (monthly, quarterly or semi-annually).

Interest rates - Charges

Click here to find out about the rates and/or charges associated with the product.

For more information, stop by one of our Branches today!

Basic documentation

  1. The firm’s legalization documents
  1. For firms that keep B-category account books
  • Tax clearance for the last year
  • Ε1 and Ε3 tax forms for the last 3 years,
  • Ε9 tax form for the year 2005, plus any subsequent changes
  • Current and previous year’s periodic VAT returns (where available)

       For firms that keep C-category account books

        Further to the above:

  • Balance sheets for the last 3 years
  • Recent balance sheet and the balance sheet of the corresponding month of the previous year.
  1. Further documentation depending on the loan purpose (such as invoices for purchasing mechanical and other equipment, contract for purchasing land / business premises, expenditure budget for improving business premises).
  • The loan amount will be disbursed either in a lump sum or in instalments (depending on loan purpose, work progress etc.)
  • A statement with a breakdown of the instalment amount to be paid, remaining balance, interest rate, remaining instalments, previous payments etc. will be sent to you on a monthly, quarterly or semi-annual basis, depending on the loan repayment frequency.
  • The loan is repaid by debiting your linked deposit account (savings account for sole proprietorships or sight account for legal entities).
  • For tax purposes, a certificate of interest charged will be issued on an annual basis.
  • Early repayment of any loan amount may be effected without additional charges (for floating rate loans).