Estia Renovation

The loan is available at a floating rate, based on the 3Μ Euribor, subject to a minimum equal to the ECB’s intervention rate, 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%.

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

Yes, insurance coverage is required to protect your property against basic risks, such as fire and earthquake, pipe fracture/cracking, burglary, etc.  

You can choose any insurance company to insure the property. Ethniki Insurance undertakes to insure your property at a very low cost through fast and easy procedures, offering the following insurance packages: 

• Minimum insurance coverage 
• Minimum and additional insurance coverage 
• Contents insurance coverage. 

You can also opt for Borrower/Guarantor Life insurance. Ethniki Insurance undertakes to pay up the remaining loan balance in the event of the borrower’s and/or guarantor’s death due to illness or accident during the loan repayment period. This insurance coverage is optional and offered at a very low cost. 

The distribution of the insurance plans is provided solely by qualified NBG staff certified in insurance intermediation services. The insurance plans have been set up by Ethniki General Insurance and are distributed by the branch network of National Bank of Greece SA, 86 Eolou, 10559 Athens, Company Reg. No.: 311481. The Bank is registered with the Special Register of Athens Chamber of Tradesmen under Reg. No. 1028 as an insurance agent.  

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.