08 March, 2005

The Greek Postal Savings Bank’s Consumer loans

Since Monday 7th March, the Greek Postal Savings Bank has reduced the interest rates of the two consumer loans provided to all of its customers (private and public sector employees, pensioners, foreigners, freelancers, students etc) by one percentage point.

Therefore, the Greek Postal Savings Bank’c consumer loans are provided with the market’s lowest interest rates, helping its customers cover their current financial needs with the most beneficial terms.The loan amount floats between €1.500 and €30.000, according to the customer’s credit worthiness. Customers can select either 7,40% fixed or 6,90% floating interest rate (both rates are subject to the 0,60% charge by L. 128/75).

For consumer loan issuance, it is essential that all applicants are from 22 to 68 years old.  All 136 Greek Postal Savings Bank branches all over Greece are ready for servicing them.

People who select the loan with fixed interest rate can reimburse it by 12 up to 60 monthly instalments (that means reimbursement period is up to 5 years), while the ones who select floating interest rate, the longest reimbursement period can reach up to 72 monthly instalments (6 years).