Through NBG's Reward Program for Performing Borrowers, our aim is to contribute to the smooth financial planning of households and to relieve our customers from additional pressures and potential upward trends in interest rates. We are actively supporting our customers, consistently and responsibly, with the cost of the Reward Program covered exclusively by National Bank of Greece.
Floating interest rate Housing and Consumer loans, secured by mortgage prenotation, including also rescheduled loans, with a reference interest rate of 1M Euribor, 3M Euribor, ECB Rate, 1M SARON and Consumer Credit Base Rate (CCBR), are included in the Reward Program, while housing loans that are paid off at a different reference interest rate (such as loans at administratively fixed interest rate of Mortgage Lending or Greek Government Treasury Bills) are not. In the event that no interest rate cap applies to the loan, the Program’s interest rate cap shall apply only if the Program’s interest rate is more favorable than the applicable rate.
In this way, holders of floating interest rate loans will be able to enjoy the benefits of a fixed interest rate. Customers will be informed of the reduced interest rate of the loan and the respective reduced June instalment through May’s account statements.
If during the program reference interest rates fall below the program interest rates, then the lower rates will apply, for the benefit of the customers.
The loan must be paid on time for the 12 months of the privileged rate period to maintain prime pricing and a fixed instalment.
You can find out more on the terms and conditions of the Program by visiting your local NBG Branch.
