16 June, 2005

“Transfer Extra” and “Summer Extra” loans

Two new products with highly beneficial terms designed for servicing households and individuals are provided by the Greek Postal Savings Bank. The first one is a balance transfer loan, aiming at refinancing household debts, while the second one is a loan for covering possible holiday expenses.

With these two products, the Greek Postal Savings Bank continues its policy of providing low-interest rate consumer loans with highly competitive terms.

Α) “Transfer Extra” loan

The “Transfer Extra” loan is provided from Tuesday 21st June 2005 for transfering balances from other banks’ consumer loans with beneficial fixed interest rate 5,40% for the first year, then with beneficial floating interest rate 6,90% (according to the European Central Bank interest rate fluctuation plus margin). The loan amount can be up to €30.000, though there is an option for additional €10.000 with the same beneficial interest rates, according to customer’s credit worthiness.

The “Extra Transfer” loan is serviced with the market’s lowest expenses, by paying €30 while applying (charge for researching and validating the request) and €20 while funding, plus the interest rate 0,6% charge by L. 128/75.

B) “Summer Extra” loan

The “Summer Extra” is a loan for covering summer vacation expenses provided by the Greek Postal Savings Bank from Friday 1st July 2005 with the market’s lowest fixed interest rate 6,30% (plus the 0,6% charge by L. 128/75) for the whole reimbursement period that reaches up to 60 monthly instalments.

The loan amount can be from €1.000 to €6.000. Issuing charges are €20 (for researching and validating the request) plus €70 while funding. It is notable that there are no additional charges in any case, even if there is earlier reimbursement by the customer.