Overdraft

Beside standard credit lines for micro-enterprises and entrepreneurs, Piraeus Bank offers very attractive form of credit - overdraft on current account.

By using this service, entrepreneurs have on their disposal an additional source for financing working capital, with very favorable and flexible conditions of use. In this way smooth implementation of business plans is enabled.

The key advantage of this service is always available funds for financial support whenever it is needed, without visiting the Bank.

Overdraft is approved in the amount from €2,000 to €10,000 Eur in dinar countervalue.

Overdraft tenor is 4 years.

Interest rate is 24%, variable, on annual level.

Conditions for usage of Piraeus Bank Overdraft are:

• Open current account in Piraeus Bank
• It is necessary that entrepreneur or legal entity operates for at least 12 months.

Entrepreneurs with no financial  statements (lump) – can have overdraft max. up to €5,000, i.e. their total debt, on any basis, can not exceed 50% of the established tax base.