Mortgage loan for other uses

The interest rate is a floating rate, based on the 3Μ Euribor plus a fixed margin rate. Please note that the floating rate fluctuates in line with any increase or decrease in the base rate, which will impact your monthly installments accordingly. The floating rate also includes the levy required under Law 128/75, currently 0.60%.

For further details about the loan rate and expenses, click here. It is helpful to know that the loan rate is customized after reviewing your loan application and taking into account factors like the purpose of the loan, the property value, and your credit score

After final approval, the following steps are: 

Signing the loan contract

To sign the loan contract, you come to your NBG branch.  
At this point, you need to insure the property, while you can also ask to get a privileged EXPRESS Loan if you want to cover increased costs or urgent needs. 

Collateral for the loan

After the loan contract is signed, it’s time to pay the mortgage prenotation expenses and initiate all relevant actions. We are doing our best to relieve you of unnecessary stress and painful procedures, so an NBG associate lawyer undertakes to arrange the mortgage prenotation and obtain all relevant certification upon completing the process. 

Loan disbursement

As soon as all formal procedures are concluded, we’ll get in touch with you so you can notify us of the date you would like the loan to be disbursed to your account. If you’re taking out the loan for construction/completion or repairs, the subsequent loan amount is disbursed through partial disbursements, in line with the progress of your project. After the first payment, an engineer in contract with the Bank will monitor the progress of the construction works before every subsequent payment.
Remember that you pay by monthly amortization installments, starting one month after the loan disbursement.