The loan amount may be disbursed in a lump sum or in case of construction, through partial disbursements, following the progress of your project.
By monthly amortization instalments, starting one month after the loan’s disbursement and payable only via the borrower’s designated loan-linked deposit account with NBG.
Early repayment, in part or in full
Early or partial repayment is allowed at any time, at no additional charges.
The loan is granted subject to a mortgage prenotation on a property asset of sufficient security value, in accordance with NBG’s current lending policy. The relevant expenses (Rates and Charges) are borne exclusively by the borrower.
Insurance coverage is required to ensure best protection of your financed property against basic risks, such as fire and earthquake, pipe fracture/cracking, burglary etc.
Ethniki Insurance undertakes to insure your property at very low cost, through fast and easy procedures, offering the following insurance packages:
- minimum insurance coverage
- minimum and additional insurance coverage
- contents insurance coverage
Borrower/Guarantor Life insurance:
To ensure the complete protection of your property, Ethniki Insurance also 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 remarkably low cost.
Rates and charges
To find out about the rates and charges associated with the housing loan, click here.