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Loans at beneficial interest rates from Hellenic Bank through the Pan-European Guarantee Fund Scheme

01/12/2021 09:24
  • Business Loans for Self Employed, micro, small, medium-sized enterprises (SMEs) and small companies of medium capitalization (small id-Caps)

Hellenic Bank participates in the Pan-European Guarantee Fund Scheme (EGF) and offers loans at beneficial interest rates to business customers in an effort to support them through a very challenging period for the economy.

The Pan-European Guarantee Fund was established by the European Investment Bank Group in response to the economic impact of the COVID-19 pandemic outbreak to support eligible borrowers by providing enhanced access to finance at beneficial interest rates.

The transactions with eligible borrowers benefit from support by the EGF Guarantee Instrument, implemented by the European Investment Fund (EIF) with the financial backing of the Member States contributing to the EGF.

The EGF Scheme covers business loans and is addressed to the self-employed, micro, small and medium-sized enterprises and small mid-caps which satisfy specific eligibility criteria and are evaluated by the Bank's internal procedures and policies.

Eligible financing purposes relate to working capital/liquidity needs, investment in tangible and/or intangible assets, business transfers and refinancing of existing debt obligations to Hellenic Bank and other credit institutions.

Loan amounts and maturities, mainly depend on the borrower’s needs, overall assessment and the sector of the economy in which the borrower is operating, with the interest rate being lower in comparison with the corresponding interest rate of another business loan with the same characteristics provided outside EGF.