Here at NBG we participate in the new "My home" program, for granting low-interest or interest-free loans to young people or young couples with the purpose of acquiring a first home, with the participation of the Public Employment Service (DYPA) in the financing of the loans (Law 5006/2022, Government Gazette 239/A/22.12.2022 and Joint Ministerial Decision 189/2023, Government Gazette 1180/B/2023). 

"My home" enables you to acquire your own home with co-financing of up to 90% of its value and on preferential terms, as long as you are between 25 and 39 years old and meet the conditions of the program as specifically provided for in the Law and the relevant JMD. 

 

Specifically, you can get:

  • Loan amount up to 90% of the value of the property based on a purchase contract with a maximum of €150,000
  • 75% interest-free financing from DYPA and a favourable interest rate for the remaining 25% of the capital
  • Repayment period ≤30 years
  • Zero interest rate (100% subsidized by DYPA) for the entire loan for families with three or more children
  • Exemption from the obligation to pay the charge under Law 128/75 (0.12%)

 

Additional benefits-privileges NBG offers you:

  • Preferential interest rate (reduced by 2 points from the current one) and zero costs for the EXPRESS personal loan and/or Estia - Renovation Repair loan, to cover the increased costs associated with acquiring a first home.
  • Option to issue a Silver, Gold or Black Mastercard credit card instantly for the principal beneficiary of the loan, subject to a limit of €1,500 without any further documentation.
  • Free provision of insurance coverage of the contents for the 1st year with every new house insurance, for customers that also enter into the group Life Insurance Policy for Mortgage Borrowers.
  • Double the Go For More points (provided you're an NBG cardholder and enrolled in the reward program), for each timely repayment of the monthly instalment.
  • 10% discount on bedroom items, in IKEA stores and at the Bedroom category of the IKEA e-shop. The discount is provided in the form of an electronic code which you’ll receive via e-mail or Viber/SMS within 15 days of the disbursement of your loan. Below you can find more information.
  • 10% discount, exclusively for you, on small and large home appliances, TVs and sound systems, in Public & Public + Home and public.gr.  physical stores. The discount is provided in the form of an electronic code which you’ll receive via e-mail or Viber/SMS within 15 days of the disbursement of your loan. Below you can find more information.
 

Do you want more information?

You can get the loan if you're 25-39 years old (in the case of spouses or persons with a civil partnership agreement, only one need meet the age criterion) and you don't already own a property suitable for your home, with an annual income based on the latest tax clearance certificate from €10,000* and up to:

  • single: €16,000 
  • married: €24,000
  • single parent families: € 27,000


*The maximum amounts are increased by €3,000 for each child. The maximum income is the same as that provided for the heating allowance.

 

You can get up to 90% of the price due as per the purchase contract, with a maximum loan amount of €150,000.

Factors such as the value of the mortgaged property and the amount you can repay every month based on your income and your other obligations are taken into account when the maximum loan amount is calculated.

So you should know that you will need to provide part of the purchase price from your own funds.

 

 

 

Through the ‘My house’ program you can get a loan to buy a house, which: 

  • will be used as a first home & is located within a residential area
  • is at least 15 years old based on the building permit
  • is up to 150 sq.m in size. & value up to €200,000 as reflected in the purchase contract.
 
The loan term is ≤30 years.
You can submit an application at the Branch of your convenience. For your convenience, book your appointment online, hereThe application must be accompanied by a series of supporting documents for each of the eligibility criteria. Once the fulfilment of the requirements (age limit, income, lack of property already available for home) is checked for each applicant, then the creditworthiness of the interested party is evaluated. If pre-approval is granted, it’s valid for 60 days from the applicant’s notification. 

Before you start

  • The required documents
    We’ll need your ID or passport or residence permit depending on your nationality.
  • Proof of your income
    We’ll need a tax clearance certificate from the last year and supporting documentation evidencing your employment (payslip, evidence of pension payment or VAT Returns/receipts evidencing provision of services). See here the complete list of supporting documents.

About your loan application

Your first visit

To start the process, you’ll need to come to a Branch, provide us with the supporting documents and submit the application. Once the application is pre-approved, we’ll contact you immediately to inform you and provide you with the pre-contract information form with the detailed terms of the loan. When submitting the application, you can give us your e-mail so that we can send you the update electronically.

Technical & legal review

After pre-approval, you’ll need to provide us with documents necessary to carry out a legal review of the contracts and a technical review of the property. Before the reviews are carried out, the relevant charges are collected. Click here to find out about the necessary supporting documentation depending on the type of property.

Time for the final approval

After the reviews are completed, the application is evaluated and the final approval is issued. Then, a date is set for signing the contract in compliance with the deadlines set by the program. 
In addition to the requirements for a housing loan application, a family status certificate must also be submitted, and in the case of a single-parent family, additional supporting documents on a case-by-case basis. To see the full list of supporting documents for the Program, click here.
 

‘SPITI MOU’ housing program for young adults

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Our customer service team is here for you

Our highly trained team is waiting to answer any questions you may have, in person or by phone.  

About your loan application

Your first visit

To start the process, you’ll need to come to a Branch, provide us with the supporting documents and submit the application. Once the application is pre-approved, we’ll contact you immediately to inform you and provide you with the pre-contract information form with the detailed terms of the loan. When submitting the application, you can give us your e-mail so that we can send you the update electronically.

Technical & legal review

After pre-approval, you’ll need to provide us with documents necessary to carry out a legal review of the contracts and a technical review of the property. Before the reviews are carried out, the relevant charges are collected. Click here to find out about the necessary supporting documentation depending on the type of property.

Time for the final approval

After the reviews are completed, the application is evaluated and the final approval is issued. Then, a date is set for signing the contract in compliance with the deadlines set by the program. 
In addition to the requirements for a housing loan application, a family status certificate must also be submitted, and in the case of a single-parent family, additional supporting documents on a case-by-case basis. To see the full list of supporting documents for the Program, click here.
 
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