Estia Renovation

The loan is available at a floating rate, based on the 3Μ Euribor plus a fixed margin rate throughout the entire loan term. 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 0.12%.

When energy upgrade works account for at least 25% of the total cost of works, you gain access to a reduced floating interest rate margin.

For further details about the loan rate and expenses, click here.

No. Property insurance is not mandatory. It remains entirely at the borrower’s discretion to insure the property against essential risks (fire, earthquake, pipe breakage or rupture, burglary, etc.).

You can choose any insurance company you want. Ethniki Insurance can undertake to protect your property at a particularly low premium, through quick and easy procedures. Specifically, you can have: 

• a minimum property coverage plan 
• a minimum and additional property coverage plan 
• a content coverage plan. 

You can also opt, optionally, for borrower's Life insurance with a low premium from Ethniki Insurance, to ensure the repayment of the loan in case of unforeseen events (death due to illness or accident), without this being in any way mandatory. 

Terms & conditions apply. The insurance plans — should you choose Ethniki Insurance — are designed by Ethniki Insurance and are distributed through National Bank of Greece S.A., Aiolou 86, 10559 Athens, GEMI No. 23790100, Company Reg. No. 311481. Insurance plans are sold exclusively by the Bank’s executives who are certified insurance intermediaries. The Bank is registered as an insurance agent with the Special Registry of the Athens Chamber of Tradesmen under No. 1028. The Special Registry’s data are available through the online platform “Single Information Point (SIP) for Active Insurance Intermediaries”, via which you can verify the registration with the Special Registry.  

The loan is disbursed in up to three installments, following controls performed by an engineer in partnership with the Bank. 

1st installment (advance payment): up to 30% of the loan amount, finalized after an engineer in partnership with the Bank reviews the fair cost of works. 

2nd installment (optional): up to 30% of the loan amount, disbursed once the engineer verifies that all the works financed with the first installment are concluded.

3rd installment: disbursed once the works at the financed residence have been completed and certified by the engineer. 

You can use our mortgage calculator and calculate the monthly amortization installments that best suit your needs.  

If you would like to know in detail the financing amount you can get, come to one of our Branches to talk to our experienced staff.